this is the chart of bank nifty on weekly basis market make a w pattern and also a +point of rsi divergence .
I think Anthony Noto is looking at the weekly chart too. Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel. Once it fights through it and closes above it, it should easily hit $7.70. The sweet spot for the majority of people to get out...
BIAS: BULLISH 🔺 TECHNICAL PROJECTION: BULLISH 🔺 We have a bullish bias that price will rise to 137. Once there is upside confirmation, bullish momentum is expected to carry to 141 target. AREAS OF INTEREST: H4 time frame, break of resistance at 137 H4 time frame, support at 134.225 - attempting to catch the bullish "E" wave FUNDAMENTAL PROJECTION: JPY WEAK...
So banknifty has moved 90degree straight which I dont think stays as a ladder is only a ladder when slanted and faced a wall, if you remove the wall, it falls, so here is something similar here, 90 degree momentum doesnt stays well. 33964 to 34140 range if it stays sideways we can expect a more good fall down, but eventually if it opens flat it can race towars...
BIAS: BULLISH 🔺 TECHNICAL PROJECTION: BULLISH 🔺 We have a H4 breakout bullish confirmation, bullish momentum is expected to carry to 1.556 target. AREAS OF INTEREST: H4 time frame, bullish breakout confirmed- will be attempting to join in the "E wave" by break & retest method. FUNDAMENTAL PROJECTION: AUD is weak and will become weaker as it gets weighed...
Market will break the level with proper price action in a hourly time frame then a good move possible . Thank you for watching my analysis.
As said earlier there was a gap and profit booking came to session. Candle closing below 33700 would inturn make oppurtunity for swing buys, untill that FUT holders shall keep holding the position with 33700 SL and I see it can move to 35100 Soon!
Provided in the chart below, I see banknifty closing 15mins above 33850 may soon blast to 800 points, Why? The chart has similar Tasuki Gap and has also prior upward movement considering there was or is no resistance, One may Only buy if closed above that stipulated part!!
We bounced as expected in my previous technicals outlined and happy I got to close out on a sizable position here! I fully expect us to continue 390+ before I start scaling into my short position!
ALL is already explained on charts. the rest we will see tomorrow morning about any good or bad news. overall market sentiments are bearish and no any other positive news yet. thats y we will keep our bias neutral. caz we are at very major levels. we have to keep our RRR. the rest is history.
Long nifty as it has broken Major resistance... Nifty has broken. Go long on it
This is bank nifty chart on hourly time frame and market make a corrective wave pattern and market will make two wavw that's the time of third wave and the probability of this analysis is only 70% Thank you for watching this analysis.
As we expeted in the Last Analyse BTC has reached 19 But according to the market cap decreasing and federal reserve Bank rate increasing i will see bitcoin in 16k Also weekly correction of 15k support line was not completed It is not financial Advice ,be careful if what you choose to buy
Oh my, death on a stick once again. Banks are twisting in the wind. Health? Hell No. ______________________________ Use the Dollar Tool now. Forget Stonks they are cooked. Markets go nowhere without Financials. Homies' wreckage just beginning. Bonds are already in ruin. Crypto, ready for the beating. Gold, a shiny useless rock. 22% more to go... adios.
I assume a continuation of the downward trend (downtrend) if the price level 1 breaks through. A short-term upward movement of the price is possible in accordance with any of the three scenarios shown in the figure. Correction of the forecast when the price level is reached 2.
Market take support ..This lower blue line is buy zone and Upper blue line is profit zone .. market oversold..this is my idea ..and yours comment below .. this is not a tips ..only thought
over all market bearish . banknifty take resistance .. below red line banknifty candle close market .continuous down side ..OI High this is my opinion and yours ...