For a short term, escorts look very strong buy. a strong support from 200 EMA and good bounce.
Looking like a Inverted Flag formation or Ascending triangle formation. We need to wait for the Breakout or Breakdown. Note: This is only for educational purpose.
Buy Above - 17900 SL - 17870 Targets - 17930,17960,18000 Sell Below - 17830 SL - 17860 Targets - 17800,17760,17720 Trade Safe & Happy Trading Guys
Nifty 13 Feb 23 to 17 FEB 23 Short ,Medium and Long Term Nifty closed at 17856 ( Prev close 17754) Neutral Strategy was given Last week and as expected market didnt showed any sign to move upwards for the week. Nifty touched a low of 17662 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. Though...
Dear All, As we told you on last Monday, about witnessing the formation of a Piercing Pattern on the weekly chart of Nifty, which was somehow indicating a bounce back in the Market. Fortunately, thereafter, we did witness a beautiful weekly closing of above 17800 in Nifty. So for now, with the support of 17320, the level of 18170 will be our Resistance level...
I see 2 possibilities for Nifty in the upcoming week. If 18000 is breached with momentum, we see an upside till 18350, else a revisit of 17350 is on the cards NSE:NIFTY
Nifty on a weekly chart is consolidating between strong support and strong resistance with a positive bias starting to appear for medium to long term. Strongest support for Nifty is between the zone of 17352 and 17430 (50 Weeks EMA). Strong resistance zone for Spot Nifty is 17916 and 18027. However crossing 18027 is not enough for bulls to take charge of the...
PEL is Bearish in my Opinion it can come up for short term but long term view is negative untill breaks 1147 high then it will reverse.
Bank nifty monthly patterns captured in the lines and possible next highs and lows can be analyzed using this model. for educational purpose only. this is just my personal view. this is only for educational purpose only.
Dear All, Fortunately, we got to witness a closing of above 17800 for two consecutive days. This altogether, strengthens our expectations towards the level of 18170 for the near term. However, it will be suggested to keep patience for now, since today is the last trading day of this week. As, the weekly closing will somehow help us to understand the Market's...
RISING WEDGE PATTERN Buy Above - 17920 SL - 17880 Targets - 17970,18020,18080 Sell Below - 17860 SL - 17900 Targets - 17820,17770,17720,17660 Trade Safe & Happy Trading Guys
NSE:HAL Looks very weak in all higher time frames. 1] At Monthly time frame it is a clear Bearish engulfing pattern. 2] At Weekly time frame it is having a head and shoulder pattern. 3] At Daily time frame it is clearly completed a head and shoulder pattern. The volumes are dried during the phase of H&S and started to pick heavily during down days. 4] Neckline...
Closing above 997--1000 Tredline Breakout. Above 1000 next target will be 1015 & If Price holds at upper levels than we can expect upper target of 1056 & 1143.
nifty 50 taking resistance Keep in watchlist, wait for close above the level
NSE:NIFTY Has some support at 17760. Hopes it will reverse from there
It's Formed a RISING WEDGE pattern Buy Above - 17910 SL - 17880 Targets - 17940,17980,18020 Sell Below - 17830 SL - 17860 Targets - 17800,17760,17720 Expected Expiry Range is 17750 - 18050 Trade Safe & Happy Trading Guys
As expected 200 hours EMA is proving to be a strong resistance for NIFTY. Unless Nifty can convincingly close above it further journey will be difficult. Tomorrow again Nifty might consolidate a bit later in the day Nifty might try to cross 200 hours EMA. let us see if that can sustain. Resistances For Nifty: 17910, 17974 and a very tough resistance thereafter...
Dear All, What a beautiful day it was yesterday, which seemed like a perfect “8 ke thaat”. Wherein Nifty had given a beautiful closing of above 17800. Just as we had stated in our weekly analysis on Monday itself, similarly, perfect Piercing Pattern on the weekly chart can push the index towards the level of 17800 and then further to 18170. Moreover, a...