#dailychart

[asmatka12]

💥 Where bold moves create legends! 💥 Check charts ✅, track results 📊 & get instant tips ⚡ Play smart. Play safe. Play with the best – AS Matka. 👉 Download now: www.asonline.in ☎️ Support: [phone]

[attud-com]

Bank Nifty Analysis for Monday 21st March 2023: Weekly, Daily, and 15-Minute Chart Review and Trade Setup

The Bank Nifty index closed at 39598.10 on Friday 17th March 2023, which is 465.50 points above the previous day's close.Market Opening and Resistance LevelOn the Friday session, the market opened with a 450-point gap up from the previous day's close of 39132. The Bank Nifty opened at the level of 39518, with a strong resistance level of 39456 from many previous days.Resistance Breakout and ReversalWhen the Bank Nifty opened with a gap up, it broke the resistance level of 39456 but was unable to sustain the resistance breakout. The index slid down to the level of 38929, where it took support and reversed in an uptrend. It again broke the resistance level of 39456 and closed above this level at 39598, which is 465 points above the previous day's close.Weekly Chart AnalysisWhen we analyze the candlestick pattern on a weekly basis, we find that the Bank Nifty closes at the level of 39598, which is about 800 points below the previous week's close. The candle of this week shows that the Bank Nifty corrected by approximately 1050 points.Targets and DownfallAs we discussed earlier, if the Bank Nifty starts trading below the level of 39925, our first target is 39180, our second target is 38620, and our last target is 38380. We have achieved the first and second targets. The target of 38620 is due to the closing of the candle on 26th September 2022, after which the Bank Nifty reversed from this level and reached 44150.If the market closes below the level of 38620, we can expect more downfall, and our targets are 38000 and 37280.Weekly Candlestick PatternThis week's candlestick pattern looks like a hammer, but it is not a pure hammer. A perfect hammer has a smaller body than the present candle. The Bank Nifty closes above the support level of 38420 on a weekly basis.Targets and DowntrendIf the market closes above the level of 39875, our first target is around 40700, which is the high of this week. If the Bank Nifty goes above 40700, our second target is 41131, and our third target is 41788.The strong support for the Bank Nifty is at 38620. If the Bank Nifty closes below the level of 38450, we will look for a downtrend target. However, currently, the Bank Nifty is closing at a good level.Trend Line AnalysisFor the last few weeks, the Bank Nifty has been following the trend line. If the market breaks this trend line by spending some time there, our target will open for the level of 42000.Daily Chart AnalysisWhen we analyze the daily chart of the candlestick pattern, we find that the range of 39,900 to 41,000 is a strong resistance for Bank Nifty. If Bank Nifty breaks this level by spending some time within this range, then we can decide on the next move for Bank Nifty.Analysis of Chart in 15-Minute Time FrameWhen we analyze Bank Nifty in a 15-minute time frame, we find that the level of 39,000 is now a strong support for Bank Nifty.Trade Setup for MondayBased on the analysis of Bank Nifty, here is a trade setup for Monday, March 21, 2023:- If the market opens in the range of 39,686 to 39,752 and spends some time there and then breaks the level of 39,752 and closes the candle above this level, then our targets are 39,846, 39,940, and 40,178. If the market opens in this range and without spending time, it breaks the level of 39,752, then I am not interested in buying.- If the market opens with a gap down in the range of 39,270 to 39,400, then we have to wait for Bank Nifty to spend some time in this range and then make a breakout. If it does, I am interested in buying, and my target is 39,686. If it breaks down, then I am not interested in shorting.- If Bank Nifty opens with a large gap up or gap down, we have to follow the price action and wait patiently for our trade setup. No hurry trade.ConclusionThe Bank Nifty index showed significant volatility in the previous week, with the index closing at 39,598 on Friday, March 17, 2023, which is 465.50 points higher than the previous day's close. While the weekly chart shows a hammer-like pattern, indicating a potential bullish reversal, the daily chart highlights the range of 39,900 to 41,000 as a strong resistance level for Bank Nifty. The trade setup for Monday suggests that we should be patient and wait for Bank Nifty to confirm a breakout before entering any trades.

[wetalktrade]

Safety first! Isn’t it? Stop loss is your safety lock which prevents your capital from wiping out in few trades. But placing a stop loss is an art. Too tight a stop loss reduces your profits and too wide a stop loss makes losses. Know more about it. https://wetalktrade.com/use-stop-loss-forex-trading/

[wetalktrade]

Safety first! Isn’t it? Stop loss is your safety lock which prevents your capital from wiping out in few trades. But placing a stop loss is an art. Too tight a stop loss reduces your profits and too wide a stop loss makes losses. Know more about it. https://wetalktrade.com/use-stop-loss-forex-trading/

[wetalktrade]

Small things do matter in Technical Analysis. A small bar, if it is an inside bar, does matter a great deal.

[cryptaza-blog]

The supports of the day are at 9300$ – 9060$ The resistances of the day are at 9500$ – 10096$ #bitcoin #dailychart #crypto https://www.instagram.com/p/B1vmLYIntxC/?igshid=1dcou99sq7x8h

[paiddailylife]

#bullflag #bitcoin #dailychart #analysis get a some #btc for breakfast!! https://www.instagram.com/p/BrxNCvBg9kj/?utm_source=ig_tumblr_share&igshid=132teyqfesvhw

[youcantbuyland]

#Repost @theeconomist ・・・ A decade after mobile phones began to spread in Africa, they have become commonplace even in the continent’s poorest countries. In most African countries, less than half the population has access to electricity. Yet in much of the continent people with mobile phones outnumber those with electricity. The devices have transformed the lives of hundreds of millions. Mobile-money services have in effect created personal bank accounts that people can carry in their pockets. By one estimate, the M-Pesa mobile-money system alone lifted about 2% of Kenyan households out of poverty between 2008 and 2014. Technology cannot solve all of Africa’s problems, but it can help with many. #DailyChart #TheEconomist