Hope previous levels helped you a lot. here is the prediction for next week!
BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind. Simple analysis: Gap Down Open - Confusion/Reversal Gap up Open - Must be above top blue line Bullish - Prices must hold above top blue line! NTZ = NOTRADING ZONE (Avoid fresh entry)
BNF repeated the price action as same as on 21st March. Have a look! There are no good active moves since last few sessions! Frequency between Time and Momentum is being mismatched. Tomorrow or Day after tomorrow - Hoping for the big active move! Levels are simple - Zone between the two blue lines are nuisance completely. Good for range trading. - Zone beyond...
Previous two sessions of bank Nifty hits high and low at almost the same matching levels. 4 conditions are going to occur in upcoming sessions: 1st - Price can break the previous 2 days' highs OR lows and move in the respective direction. 2nd - Price can follow the 1st condition with failures. 3rd - Price can remain in the range with multiple failures making...
Nifty showed best response on the levels. BNF seems to be little hesitant. I am clearly biased for The Short on BNF. Just a test for The FAITH in calculations! Note: Observe Intensely!
Trappy Week Ahead. Observing Phase. Just for Tomorrow - Nothing in the mind.
A puzzle for the simple and smart mind! Long = 47400 Short = 47200
Crazy emotions! Bear/Bull - whom to follow! Above 22200 - Start Shifting mind towards upward move. Beyond 22230 - Long with 40 points Stop loss (Closing beyond 22190). Be careful these ranges if breakout failure happens. If found any reversal pattern, take appropriate action immediately. Targets - 22297(Previous ATH), 22450, 22588, & 23039. Also, keep...
Today it took 3 sessions to cross the "Descending Trend Line" & "The Horizontal W's Neck Line" finally. Expiry is for "The Writers" now! Upwards Momentum's Strength can be seen that 1 candlestick broke both the hurdles. Key Points: 1. Next Hurdle is giant - 47200 to 48000. Its a big "Unfilled Gap" of 800 points approx. which was forcefully placed over Bank...
With this method, use Candle Pattern/ Stochastic RSI/ Trendlines. Back test with different Time Frame!
Bitcoin machine seems to be in a cool down phase, Bull throttle needs some rest completely.
Dabur India made a major swing of 273 points since Covid-19, its been 4 years that this chart has not displayed any breakout/breakdown so far. Prices are struggling in 273 points range only creating a convergence and prices are very close to explode in my own view! Please, Share your views in this analysis too. Thanks
Everything in my mind is written on the snapshot. Have faith in the calculations. While understanding the market, understand mind simultaneously. It is the mind which drives human action always since creation. If this market is run by Humans, then mind analysis is much important than technical analysis. And, to understand the mind, only observation is the key....
At current situation, prices are being contracted from the both res & sup making the price action converging. Convergence always results in big moves either side in such a length according to the longest gap between the convergence. Observation: 1. Check the blue support line, it got hit by 5 candles out of total 7, expressing a suppressive pressure from the...
BNF retested everything it needed to move on. There are no additional changes in levels, key points, etc. What added is today's progress.
A parallel channel is visible for upcoming sessions. Trading the ranges is always beneficial.
Entry 46581 to 46683 (Try to find the opportunity closer to 46581, be smart) or Near/At yellow ascending trend line! Stoploss 46581 Target 46887, 46942 Note: 46790 to 46820 (Do Not Panic here)
Crash or Retracement as per natural cycle? A cool down in most of indexes is required and similar situations are getting cleared gradually, that is the reason the Bitcoin rallied 42k to 57k in the current month only. But this retracement is not going to happen easily.