The market continued its bullish momentum, forming a continuation pattern that led to further gains also easing the Trade setup for bulls. The resistance levels that once acted as obstacles have now turned into strong support. The market has crossed a key level with good volume and strong candle formations. NIFTY surged approximately 300 points … Read more
The Trade setup for market is showing strong momentum even in the absence of significant global cues, providing a clearer movement. Today, the market opened positively and briefly tested the 50-day moving average (MA) for a few minutes before making a strong bounce back. The next three to four five-minute candles showed a sharp recovery. … Read more
The market made a spectacular movement today, gaining 325 points in a single day. This is a very positive moment as it has surpassed the 22,600 level and closed above 22,800, making the trade setup for tomorrow relatively easier. It has been nearly a month since Nifty last closed near the 22,800 level, making it … Read more
After making a flat start, Nifty made a strong bounce back in three consecutive 5-minute candles, covering around 220 points. This movement set a solid stage for the day. Nifty faced resistance near the 22,600 level, which it has tested three times recently, forming a triple-top pattern. After that, it retested and spent the whole … Read more