Nifty support and resistance mentioned in the chart by simple price action. Follow and hit like.
The stock is following wave ABC pattern. As long as recent low holds we can see a sharp up move. Let it pull back and do retracement then it will be a confirm reversal for 550.
We suggested a setup in our intraday chart. so far 100 points is done, 16600 is resistance area and nifty may consolidate here. 50 to 60 points retracement also possible.
Nifty intraday breakout above 16500 Maximum target 16700. Stop loss 16400
Banknifty all important level for today 16-02-2022 follow the chart hit like and follow
In previous analysis we have suggest to buy gold above 48143 target 1 was 48754 that is achieved and gold is heading towards 2nd target. From buying level 1800+ points is being done now and can go further higher.
In our previous Gold analysis we have suggest to buy above resistance of 1834 with target of 1860 which is done in previous trading session. Based on current price action sustaining above 1875 is good for further up move and we have see 1900, 1915 level near future. Hit like you like the analysis.
#crude oil MCX After opening 200 points up crude oil is making lower high formation on 15 min chart. We can consider this as a sign of intraday weakness. Breaking above the red arrow will trigger some buying.
Asian paints chart The stock is supporting the lower channel from long time. Few days back the stock traded below the channel but we have seen a sharp bounce next day. Today again the stock open gap down due to global sell off. As long as today low holds we can see 327, 3340, 3480 level.
After gap down opening #banknifty made intraday range . Breaking below the morning low will trigger fresh selling. Trading levels are mentioned in the chart. have a look Hit like you like our analysis
In previous week closing banknifty managed to close above 38500 level which is a good sign for up move. But due to weak global sentiments and some negative news in banking sector we may see weakness. in last session market open gap down due to FED meeting news. In the chart i have mentioned key level for next weak. Keep those levels in mind and trade accordingly.
Based on previous formation nifty made a similar pattern. Calculate your risk before buying.
Crude oil is in down trend and making LL, LH formation on hourly chart. Breaking above 6780 will be good opportunity to buy. Stop loss will be below 6730 Target 6850, 6930.
On hourly chart nifty facing trend line resistance. Breaking above 17550 will be goof buying opportunity for 17700.
Yesterday I shared a banknifty setup Today banknifty met target 1 and heading towards target 2.
Follow these mentioned key levels for nifty Breaking above or below ant level will active next level
On 15 min time frame nifty made inverted head & shoulder pattern. You can trade this breakout and buy.
After 3 day's falling in a row banknifty closed on a good note. The closing is above than previous day closing and on daily chart made a hammer candle. This candle formation near support line is a signal that bulls are waking up. We can expect 38600 to 39120 level near future. Of the flip side 37300 is support.