Nifty closed in Red yesterday, formed a huge Bear Candle. The Candle was formed near highs, hence I was expecting high volatile and choppy markets. Today Nifty opened with a huge gap , above all of intraday supply zones, then traded in a range of approx 94 points. The candle formed today is doji like a candle, formed near the upper end of yesterday's Bear...
I have been covering M_M since 750 levels, and it is still looks positive on all the time frames. There is a probability of Bat Pattern on the Daily Chart, and sustaining 830-840 levels, it would most likely be moving towards 900-930 levels in the coming trading sessions
Since nifty opened gapped up above the immediate supply zone, hence here a new level, where the nifty could take the resistance today. Index may trade choppy in today's session
Nifty supply and demand zone for 7 Oct 2021 Supply zone: 17668-17693 Demand zone: 17526-17545 Demand zone: 17335-17370
BANKNIFTY - Supply and Demand zone for tomorrow [😎 Be a Pro Trader, who always prepares in advance😎 s Sell on Rise for me.
The stock has Cypher Pattern Probability on Daily Chart, if it unfolds stock might test 5000- 5100 levels in the coming sessions. Buy on Dips for me.
Mahindra and Mahindra saw remarkable moves in the last few weeks. 800 was the level, that the stock was resisting for many months, last month stock finally broke above and also managed to close above this level. Currently, it is trading at 827 levels. Now 800 level would act as good support, if any dips come, currently which looks unlikely, but yea, sustaining...
Whirlpool closed in positive last month forming a Bullish engulfing candle and managed to close above august month highs( hammer candle) another positive sign. The structure of the stock is maintained as HH and HL Volume was good both on the hammer as well on Bullish Engulfing Candle. Now We have a support zone of 2130-2080 on the monthly chart. if the stock...
This is excellent timing for a trade-in HDFC life, considering the stock did a breakout a few weeks ago and then started pulling back to the immediate support. Last week stock formed at spinning candle at the support zone: 717- 725. Currently, the stock is trading around 729, and if it sustains 700 levels, it mostly is then moving towards 788 and 833 in the...
Bajaj finserv is in the super uptrend and looks like overbought on the monthly and weekly chart. We can also see some negative divergence on the daily chart. And if I go down to the hourly chart I can see it forming a Bearish Butterfly pattern. The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C, and C-D. It helps you...
Recently HDFCAMC saw a good move from support levels ( 2800) up to previous resistance levels ( 3360). For the past two weeks, the stock is taking resistance near previous resistance levels, suggesting the stock is still in a range. Since this is the fourth test of the resistance area, the chances are that the stock might not go below the 3050 levels. And if it...
Tatva Chintan Pharma Chemical Limited was listed on 29 July 2021, with a gain of approx 96.82%. Since then the stock is trading a range, typically forming a symmetrical triangle pattern for almost the past 2 months. Stock is currently near the 2/3 area of the triangle pattern and is mostly ready for the breakout. Now the question is which side the breakout...
Daily Chart - Stock is mostly sideways on the daily chart. Hourly - Stock had lower low, lower high structure, though recently the length of downswings are getting smaller and stock also went above previous high, and it looks like it is started to create a higher high structure. Hence sustaining 748- 745 levels, it can move towards 800 in the coming week.
Banknifty saw a super trending move in today's session. It opened a gap up Formed Bull candle in the first trading hour, usually, first-hour price movement sets the tone for the whole day and bingo banknifty saw trending candles all throughout the day. Now, it closed near the Highs, from where we saw a sharp correction in Feb 2021, thus this area might again...
The structure of the stock looks good on all the timeframe and if it remains so it might be moving towards 1900 levels.
The stock has been consolidating on the monthly chart for quite some time and currently, it is trading at the support line of the range, hence it could be a good time to enter into the stock from both a trading and investment perspective For trading, one can book profit near the upper end of the monthly range or according to personalized trading strategy or trail...
The stock was listed with a gain of about 21%, though prices didn't sustain and the stock went below its IPO Price i. e 313-315 and made a low around 250 levels. The Stock bounced sharply from 250, hence it created Spike Candle support around 250 levels, though the bounce was brief and could last for few trading sessions only and created a resistance around 336...
Bajaj Auto, the trend is good on the monthly timeframe and its weekly price action is suggesting that it trying to form a short-term bottom. And there is a support zone 3790-3743 that confirms the said price action, now if this support zone holds price might move towards the upper range.