For Short-Term or Intraday Traders Trendline Breakdown Resistance Zone: 16420-16440 Support Zone: 16130-16160 Upside Target: 16570-16600 Downside Target: 16030-16050, 15830-15850 Factors to look at for...
CMP: 459.75 Gap has been filled now Thursday it took support at its 200EMA and Friday gave a strong closing above previous candle close and 200EMA with good volumes Support Zone: 465-470 Target: 490-500
CMP: 555.25 Triple-Bottom Pattern Support Zone: 536-538 Entry on upside break of the trendline Upside Targets: 588-590
CMP: 1389.70 Falling Wedge Pattern backed by downtrend and declining volume Entry on upside break of the wedge Target: 1500-1510
CMP: 730.05 You see a falling wedge and flag pattern in ICICIBANK Entry on upside break of flag and wedge Upside Targets: 772-774, 788-790
CMP: 1456.10 Symmetric Triangle Pattern Entry on upside break of the triangle Upside Targets: 1540, 1570, 1605 (Based on pivot levels of hourly time frame)
Friday's closing was above 200EMA. BANKNIFTY closed stronger than NIFTY RSI:42.62 ADX:17.39 MT Outlook: Short Buildup and ST Outlook: Short Covering PCR:0.80 Max Pain:36400 Max CE contracts at 37000 (10.2 lakh) and Max PE contracts at 36000 (10.6lakh) Definitely we are going to have a big gap up in BANKNIFTY as well Entry above 37700 Upside Targets: 38000,...
NIFTY: 16658 SGXNIFTY: 16976 Daily Time Frame: 1. Friday's candle closed below Thursday's high and below 200EMA 2. RSI:39.63 3. ADX:23.76 ST Outlook: Short Covering PCR:0.67 Max Pain:17600 INDIAVIX:26.75 At 17000 level Max CE contracts(28.7lakh) and at 16500 level Max PE contracts(16500) Now there...
Expiry Special Analysis Symmetric Triangle Pattern Entry either on upside or downside break of triangle Upside Targets: 38370-38450, 38720-38780, 39040-39090 Downside Targets: 36665-36715, 36380-36460
Symmetric Triangle Pattern CMP: 221.90 Entry either on upside or downside break of the triangle Upside Target: 231-232 Downside Targets: 218-219, 212-213
Descending Triangle Pattern CMP: 562.45 Above 571.30, Upside Targets: 587.35-589 Below 537.30-539.50, Downside Targets: 529.40-530.75, 522.45-523.60
This is for someone who loves to trade the market structure CMP: 787.40 Uptrend on shorter time frame followed by a pullback and now we have a good consolidation between 780-790 If 790 is broken and it sustains then Upside Target: 797-798, 805-806 If 780 is broken and it remains down then Downside Target: 766-768
Flag and Pole Pattern Entry on upside break of the flag (Avoid taking downside trade) CMP: 1512.35 Upside Targets: 1533-1535
Flag and Pole Pattern Entry either on upside or downside break of the flag CMP: 816.35 Upside Targets: 837.35-838.50, 846.35-847.50 Downside Target: 793.35-794.50
BANKNIFTY Trading below 20,50EMA but above 100EMA RSI=44, ADX=15, PCR=0.86, MAX PAIN=37700 Flag and Pole Pattern like NIFTY Entry on upside or downside break of flag Upside Targets: 38715-38780, 39045-39100 Downside Targets: 36700-36800, 36380-36450
NIFTY: 17276 SGX NIFTY: 17150 Right now, Nifty is trading below 20,50,100EMA RSI=46 ,ADX=20, PCR=0.93, MAX PAIN=17300 Daily Time Frame: Shooting Star Candle Hourly Time Frame: Flag and Pole Pattern Make an entry either on upside break of flag or downside break of flag Upside Targets: 17605-17625, 17765-17785 Downside Targets: 17080-17100, 16960-16975, 16860-16875
Symmetric Triangle Pattern NIFTY: 17322.20 SGX NIFTY: 17259 (as of now) No Trading Zone: 17250-17500 Upside Targets: 17605-17630, 17775-17795 Downside Targets: 17075-17100, 16865-16885
Inverted Flag and Pole Breakdown with good volumes 200EMA= 16668 RSI=37 (Weak Momentum) PCR= 0.47(Very bearish sentiment) (May give a little corrective move tomorrow) ATR= 293 (Strong volatility suggesting strong downtrend) According to me Traders should look more for selling opportunities and long term investors should focus more on SIPs