Following a sharp correction similar to NIFTY, BANKNIFTY may exhibit sideways to muted trading on May 10th. Key levels and scenarios for the day are outlined below: Scenario 1: If BANKNIFTY opens above 47800 and holds 47820 within the first hour, an upward move towards 48000 – 48084 is possible, with potential resistance between 48100 – 48900. Sustaining above...
After a significant correction, NIFTY experienced a sharp decline, breaching its intraday support and closing near the day's lows. For the trading day on May 10th, the following scenarios can be anticipated: Scenario 1: If NIFTY opens above 22050 and maintains above 22070 within the first hour, a relief rally may occur. Failure to hold above 22070, with...
SBIN- Analysis Chart Legend ...... - Dotted Green Line - Bullish make or break Level ..... - Dotted Red Line - Bearish make or break Level ..... - Dotted White Line - Major Levels Line - green or red - Major levels Buy zone:- 540 to 612 Stop loss -518 to 529 Few targets to Monitor 637, 742, 855 Please comment if you wish to see my analysis for any...
HDFCBANK is one of the most popular stock in nifty50. After long time see movement in this stock but its indicate bearish. Draw two zone for trade in this stock. First demand zone and next support zone. If you have found price in demand zone you can trade for short time and short target and if in support zone than trade for long time and minimum 10% movement.
Potential upside, Hero MotorCorp seems to be coming out of a bull flag. Target at 5500, Stoploss at 4400
I think nifty 21740 pe side Target 🎯. So, now start selling in nifty.
BUY ABOVE - 48900 SL - 47400 TARGETS - 48050,48220,48460 SELL BELOW - 47400 SL - 47560 TARGETS - 47200,47000,46800 NO TRADE ZONE - 47400 to 47900 Previous Day High - 48220 Previous Day Low - 47400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 21960 SL - 22020 TARGETS - 21900,21850,21800 NO TRADE ZONE - 21960 to 22070 Previous Day High - 22300 Previous Day Low - 21960 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
Today, we saw a substantial fall in the Nifty. The nifty has been weak in the recent past and the weakness was pronounced this week. The Nifty has been moving in an upward inclined channel for almost six months. And recently, we saw a double top formation. Now the Nifty is approaching the baseline of the double top formation which is around 21710. Now the nifty...
Ashok leyland beautifully respected its monthly trendline since 1999. Going further into an ascending tendline breakout above its monthly ATH, its currently above the ATH resistance zone. A fresh entry can be made when in weekly chart , price gives a Fresh breakout above 205 with a good green candle and volume, RSI > 60 and EMA 10>20>50>200 and one of the RS above 0 line
We can see that the Nifty 50 has reversed from its ATH and formed a similar pattern as it was in March 2024. Bearish divergence and bearish wedges with a similar trend setup in BankNifty. If nifty and bank nifty both move in a similar trend we see a smooth one-direction move. Thursday we may see a gap down opening which could be a strong indication of the...
Coal India has broken the major support trendline. Entry: 442-440 Targets: 405-400 Stoploss: 449
this zone marked is potential reversal zone . expecting reversal from that zone.buyers can look for buying confirmation inside the zone. -- intraday traders can keep 0.236 fib level of swing C to latest swing low. entry is strictly inside zone. keep sl below zone -- swing traders can keep 0.5 fib level as tgt.