nmcapital44

nmcapital44

We have shared detailed DJI chart that you can see below in the link. After breaking trend line support DJI met both the target and took support lower trend line and closing above the same trend line. FED meeting ahead and we can expect high volatility near future. Based on chart and price action a bounce back from current level is on the card.

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On larger time frame nifty is trading within a bullish channel 16790 should be good area to bounce.

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After 3 weeks of running up banknifty took a breath this week and closed in red. Important level to keep an eye Banknifty have to close above 38888 for two consecutive day to move more higher. Closing above this level will activate 41000 target. On the flip side one day closing below 37000 will trigger 1500 points correction.

nmcapital44 Updated 

Shibu coin daily chart SHIBU have strong support near 0.00001222 If you get any reversal sign like hammer candle formation or double bottom use that to buy. Bullish trend breakout level is 0.00003555 .

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XRP is trading near support zone. One can initiate buy from current level 0.5900 Target 0.8900 Stop loss 0.3400

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As I mentioned in previous analysis Bitcoin has some support near 40000 Bitcoin respected the support and bounce about 10%. Now in previous trading session it closed below 40000 and stated trading below the same. Based on current price action 30000 level should be target of this fall. Getting any pull back signal near 30000 will be good for long term...

nmcapital44 Updated 

Nifty has some support near 17800 level. This is a good place to bounce for the target of 18350. One day closing above 18350 will take nifty up to 18600. On the flip side 17600 will act as a strong support. If close below 17600 this rally will pause.

nmcapital44 Updated 

Banknifty managed to closed above 38000. we have seen some profit book in last 2 trading sessions. Despite HDFC bank good nods banknifty didn't fly higher. We can expect a sharp up move above 38550. Trading setup for expiry BUy banknifty avoe 38230 Target 38350, 38470 Breaking above 38500 target will e 38880. On the flip side 38000 will act as support for...

nmcapital44 Updated 

According to this setup Closing above 18690 will make nifty more bullish and this previous all time breakout will take it up to 19600. 19600 will be monthly target and can be trigger on any good news which may come on budget. Before budget retracement till 17600 will make this breakout more successful. On the flip side weekly closing below 17600 will change...

nmcapital44 Updated 

Gold is in consolidation zone from last some trading sessions. As you can see in the chart the range is getting narrow day by day. We have observed lower lower low formation. Breaking above 1835 will trigger strong buying and we can see 1880 level near future.

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On 19/01/2022 we have seen strong bounce back from day's low. On daily chart there is bullish engulfing pattern. Buy above 520 Sl 500 Target 540, 560.

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Indusind bank Based on price action today low was exactly at previous support. This is good place to bounce back. Buy above 900 SL 880 Target 950.

nmcapital44 Updated 

On daily chart banknifty is range bound from 38000 to 38800. Trade this breakout buy above 38800 Target 39200 Sell below 38000 Target 37500, 37000. For conformation let banknifty close out of this range.

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As I mentioned in previous chart of DJI closing below 36000 will trigger strong selling. You can see in the current chart that the index treded multiple time below 36000 but did not close even a single day. Just wait for one closing below 36000 and get ready for a big red candle.

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After the results the bank stock fall and become range bound. Breaking above the triangle will trigger some buying.

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Nifty price action probabilities A dip towards 17600 will be a healthy retracement or profit booking. For continue up side Nifty have to close above 18300 for the target of 18555.

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Nifty is taking support from trend line from last 19 sessions. Breaking below the trend line will trigger intraday selling pressure. Closing above 18300 will trigger buying for the target of 18555

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Tata steel finding support near recent low. Breaking above 1200 will take it up to 1260