The idea here is about Bank Nifty:
My view is Neutral for the below observed technical factors.
Points as per TA observed on a Weekly daily & Hourly Chart:
1. Cup & Handle formation completed awaiting breakout as per below:
2. Doji candle formation on weekly chart as per below:
3. Bearish Bat harmonic pattern completed on a daily & Hourly chart as...
We can see a breakout in Indian indices
Post war period indices are both doing well, good recovery can be seen.
Although new restrictions in China is making panic situation, but for same reason anyhow market will not crash, although it will show some corrections at different levels
Hi
we have analyzed this INDEX and there 2 upcoming scenarios which are based on Price Action and Fibonacci projections.
both the analysis are having Time forecast as we have analyzed the Target zones by the Fibonacci Time Base tool which is giving us the at most time span to achieve the forecasted TPs
the two scenarios are as follow...
1. Long.
as we can see...
Banknifty is following a downward trajectory where the bias was clearly bearish in nature out of the data on wednesday. We expect it to expire within the above modest range considering three possibilities .
as we can see
we have bearish Divergence with MACD Signal and MACD Histogram and it is at the end of a bullish trend which is happening post corona Pandemic and it can be interpreted as trend reversal and Distribution time
now it can be the time for some correction and retraces
we have analyzed the daily Timeframe and used Price Action Strategy to find the...
Hi Traders,
As we breakdown the hourly chart for short term analysis, we have a short term bearish bias on nifty 50 because it is trading below the 50SMA. Nifty 50 has closed below a major support level today. Other Key levels as per hourly chart are between 11458.05 and 11418.18 which can act as a resistance in case of a pullback. We have a support at 10897.84...
nifty is showing ascending triangle on 30 mini chart with gap up opening from last 3 session.
but now its 3 rd gap showing intensity to open with gap is reduced,
it might be possible next session will open with small gap and then will give downside breakout.
i hope its is meaning full
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