suzlon energy consolidating in a channel for more than a year and forming similar pattern in a weekly timeframe. this time also faced a strong resistance from the upper limit of the channel , so it can again fall with a strong bearish momentum candle.
SBIN is in uptrend now and has given a breakout by beaking its 200 ema and a breakout on an important resistance which is now retesting if it sustain the level and retested properly it can give you a good intraday trade .
Tatamotors is forming triangular pattern on 1D chart. Look for a breakout soon.
NSE:BANKNIFTY Background. 1. Bullish Candle stick formation for 27 Dec 21. 2. End of Elliot's Impulse wave further correction on Upside expected. 3. Positive RSI Divergence. 4. PCR ratio above 0.9 for January. 5. Market sentiment oversold. 6. positive results in Banking sector 7. Nearest zone of Supply for shorting is 36000 if it breaks 36000 upward move to...
Head & shoulder pattern formed in nifty in daily timeframe. OI is also deviating at lower end. Hence we can a good fall of 6-7%
CNXAUTO (AUTO INDEX-NSE) has crossed 50% Fibo Level and closed above 10750. One can enter a fresh buy above 10790 important resistences are 10830 & 10925. For entering a fresh sell trade wait for 50% Fibo Level - 10750 and important supports are 10700 & 10670. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on Tradingview.com Whatsapp -...
CNXPHARMA (PHARMA INDEX-NSE) has completed a Trianlge pattern and shown a reversal from the bottom. Currently it is being consolidating in the narrow range. Wait for it to break 13280 for up trend. Important resistences are 13314 & 13340. Failing this will continue downward movement and one can enter sell below 13210. Important supports are 13165 & 13130. Reach...
NIFTY INDEX is closed just at 50% Fibo Level - 17228. It has checked 61.8% Fibo Level - 17296. Wait for these levels to break for further up trend. It may continue to slide downward below 17200. Important resistences are 17300 & 17400. Important supports are 17162 & 17080 Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on...
CNXCONSUMPTION (CONSUMER INDEX - NSE) has failed to break 50% Fibo level (6984) as shown on the chart. Be watchful, if it break above and sustain up trend will continue and important resistences are 7013 & 7045. Breaking down, 6945 level it may show downward movement and may check support of 6925 & 6905. Reach us on TradingView to get Free Access to our...
NIFTYENERGY INDEX failed to break the top 23235 and it has formed TRIPPLE TOP pattern. Be watchful for the level of 23160, below that it may change direction to down trend. Important supports are 23090, 23045, 23000. Important resistences are 23320 & 23370. Current trend view is neutral to down trend below 23320. Reach us on TradingView to get Free Access to our...
CNXIT (IT INDEX-NSE) has show clear up trend. Important levels to check are 35380 and 35140. One can think to enter a fresh buy above 35400 and sell below 35140. Up trend may still continue and resistence are 35370, 35600. Supports on reversal are 35000 & 34850. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on...
Bank Nifty has again failed to break resistence of 37000 mark. It has also formed Double Top Pattern at the same. Wait for either to break 37000 or 36700 level to decide the trend. Once broken, once can enter the trade in direction of the trend. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on Tradingview.com Whatsapp - 91 96240 44866
We have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. I have tried to explain the current market cycle in the daily time frame chart. Nifty has made a bearish long day candle in the daily time frame, completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at...
Will NIFTY Cross 18600 in Jan'22 Time Series Extrapolation indicates crossing in Jan 1st week.
Bullish harmonics hovering around tata power. Levels mentioned on the chart. 207 buying level with 197 of stoploss and 222 target. 1:1.5 R2R i.e. risk to reward
It's very clear pattern follow HDFC Bank and it's very useful chart pattern
Nifty 50 has broken the major support at 17300, the lower trendline and 50 EMA . PSAR has also turned Bearish . With COVID Mutant Variant spooking the markets, any close below the psychological support of 17000 could further pull the marker down. Nifty can find support near the support zones of 16700/16350/16000/15500/200 EMA and bounce back. Failing to do so can...