simplyansh

simplyansh

Ever since NSE:ICICIBANK hit the upper trendline in Upswing, its falling from there. I see a Swing trade opportunity on SHORT side on ICICI BANK, with SL at 732 and Target around 712.

simplyansh

FX_IDC:EURINR Is on a constant downtrend from last year. Based on the Moving Averages analysis on MTF, it looks like a good time to go SHORT. TGT - 82.12, 2nd TGT - 80.3 STOPLOSS ABOVE 83.67

simplyansh

NSE:RELIANCE Reliance Inds. Stock is made a huge upward move last week with close to 64m volume, such huge volume was last a year back in June last year. This clearly shows big player entering into the stock and also rising crude prices can help RIL earn good profits. From Weekly charts you can see, NSE:RELIANCE being trading between two trendlines and its...

simplyansh

NASDAQ previously took string support from 50% retracement level on Fibonacci channel. Now, NASDAQ has been trading from last months in this Downward Parallel Channel and testing the Middle trendline of Channel. If it manages to break this line with good volumes and a decent candle, then strong upside is expected to 12500 levels. Strong Buy Zone is from...

simplyansh

BANKNIFTY is showing weak signals and may go down to 34800 levels. Due to heavy intraday selling pressure from FIIs specially in Banking/Financial sectors, is pulling Nifty Bank. BANKNIFTY has to break above 35450 levels decisively with Big Green candle w/t heavy volumes to scare the Bears. If BANKNIFTY is unable to hold 35175 levels, then it can fall drastically...

simplyansh

Despite strong positive cues on World markets, NIFTY couldn't move higher. Today's move was quite undecisive and looking at current DOW and S&P500, they're slightly positive. This could mean that tomorrow morning we might see a small pull back towards 16665 - 16700 levels. On downside, 16440-16480 continues to be strong support zone, which has been tested...

simplyansh

USDINR is rising on rising sharply due rising crude oil prices this week, as European nations has said No to Russian Oil. USDINR is looking strong and can head to levels of 77.8 where it can face huge resistance. If USDINR manages to trade above 77.8 levels on daily and weekly timeframes, then it is heading towards 78.5 levels. If BEARS managed to hold USDINR...

simplyansh

NIFTY today formed almost a Bullish Engulfing candlestick pattern on Daily charts. Today's candle is more like Bullish Marubozu which suggests strong Bullish momentum. BULLS are in complete charge of the market and looks like there is a Buy on every small Dip. Now, BULLS have to break above a crucial resistance between 16665 - 16700 levels, if its able to break...

simplyansh

VEDANT FASHIONS LTD also better known as MANYAVAR is a Monopoly clothing and accessory business when it comes to marriage related shopping. Also, it has very strong Fundamentals. Recently, It has broken on UPSIDE from the Box on good volumes. Volumes are rising each day, can be an interesting buy for Medium to Long term. Note: This is not an investment advice.

simplyansh

Borosil Ltd Scripname: BOROLTD has taken support from a Trendline on Weekly timeframe. Also, Fundamentals of the stock looks promising.

simplyansh

Like I said in my last analysis on DOW, it might face resistance at 33200 level. So, I'm taking a Neutral stance and smart money can be seen at Current market 33200 Straddle.

simplyansh

USDINR has been trading in an Upward Parallel Channel, since last year end till now. Recently it has hit the upper top of the channel at 77.88 levels. Its a SELL till 77.4 and if it breaks 77.4 level with good volume, it can further drift down to 77.17 levels. 76.94 to 77.1 7 is a Buy Zone, where can be a bounce back but till that time, its a Short.

simplyansh

DOW faces a huge resistance at current levels 33200, if it is able to surpass it on Monday on Upside, then strong Upward momentum can take it upto Big sellzone between 33800 & 34100 which is a very strong Resistance on Daily/Weekly timeframes.If Dow can surpass this sell zone with Good Volumes, then Dow can finally move into Uptrend and next stop would be 35300...

simplyansh

BANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further...

simplyansh

NIFTY has taken a strong support and inching towards the Sell zone from 16387 to 16412. If it breaks this levels next target is 16484 lvl and it it is able to break this level of 16484, then there would be huge & quick upward rally to fill up the gap between 16484 - 16624 made during the starting of May 2022.

simplyansh

NASDAQ have retraced 50% and has taken support from there, also its at the lower part of Parallel channel. Expecting a strong pullback from and trend reversal from here on. It would also mean a pullback for IT/Tech stocks across the world which are suffering from last several months. Verdict: Seems like a good time to go long on IT stocks.