How to get spot trending moves using Alligator indicator?

August 23, 2023

The alligator indicator developed by Bill Williams consists of three smoothed moving averages which help in identifying a trend and ...

Bank Nifty Set To Make an Upward Move

Bank Nifty opened above its 5 Day Low EMA (25237 approx) today . The Index traded in a range of ...

Nifty bounces off sharply from 50 Day SMA

Nifty close 10214.8: The index rebounded sharply after three day of consecutive losses. As mentioned in last day’s Tech table ...

Bank Nifty might see a pullback

Bank Nifty opened above its 5 Day Low EMA (25219 approx) today . The Index traded in a range of ...

Nifty fell for the third consecutive session; took support at 50 Day SMA

Nifty close: The index corrected more than 350 points from its record high last week and remained under pressure for ...

Know everything about Bar Chart in Technical Analysis

Do you know what is bar chart in technical analysis? What is technical analysis? Technical analysis is one of the ...

Bank Nifty might see correction again

Bank Nifty opened above its 5 Day Low EMA (25351 approx) today. The Index traded in a range of 174 points and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed above its 5 HMA of (25276 approx). The Index is likely to face immediate resistance above it's 5 hourly high EMA (25333 approx). Bank Nifty will find its next support around the 5 Hourly low EMA ( 25264 approx). Hourly RSI stands close to the lower end of the normal range while the CCI is indicating that sentiments are negative. ADX is indicating that Bank-Nifty might not undergo major volatility yet. Figure: Bank-Nifty Hourly Chart Daily Technicals: The daily chart indicates that Bank Nifty has closed marginally above its 5 day low EMA (25254 approx). The Index will face immediate resistance around its 8 DMA(25392 approx). On the downside, however, if Bank Nifty breaks and closes below its intraday low (25224 approx), it could find support at its 20 DMA (25012 approx). The daily RSI indicator has closed midway between the normal range. The CCI indicator, however, is indicating that sentiments are still positive. The ADX indicates that momentum might remain slack. Figure: Bank-Nifty Daily Chart Figure: Bank-Nifty Tech Table Watch ...

Bank Nifty might slip into a narrow trading corridor

Bank Nifty opened above its 5 Day High EMA (25559 approx) today . The Index traded in a range of 265 points and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed at its 34 HEMA of (25356 approx).The Index is likely to face immediate resistance above its 5 hourly low EMA (25396 approx). Hourly RSI stands close to the lower end of the normal range while the CCI is indicating that sentiments are negative. ADX is indicating that Bank Nifty might not undergo volatility yet. Figure: Bank-Nifty Hourly Chart Daily Technicals: The daily chart indicates that Bank Nifty has closed below its 5 day high EMA (25550 approx). The Index will face immediate resistance around its 8 DMA(25410 approx). On the downside however, if Bank Nifty breaks and closes below its 5 DMA (25326 approx), it could find support at its 5 day low EMA (25257 approx). The daily RSI indicator has closed midway between the normal range.The CCI indicator however is indicating that sentiments are still positive.The ADX indicates that momentum might remain slack. Figure: Bank-Nifty Daily Chart Figure: Bank-Nifty Tech Table