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Nifty started the day with a gap down opening and corrected along with the broader market sell-off in Wednesday’s session. However, we witnessed a recovery from the low of 19333 and it ended well above 19400 with a loss of less than half a percent. All up Moves can initiate profit Booking @ 19500 whereas All Down Moves can Initiate Short Covering @ 19350 If Nifty...

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The Nifty Oil and Gas sector looks bullish on daily charts. Daily Chart This week we see the weakness in the momentum when we have a negative HA candle with a strong body on the 13th of September. Now the momentum tried to recover from the weakness with 2 green HA candles. But both of these candles have a weak body. Weekly Chart The price looks bullish on...

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Chart Type: Heikin Ashi Timeframe: Daily Technical Data: Support Zone: 1535 to 1551 Upside Target 1: 1602 Upside Target 2: 1687 Downside Target 1: 1472 Trendline: Positive 1472 Level : Strong Support Moving Averages: negative Bollinger Bands: Volatility Range: 1502 to 1669

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The price shows a downtrend with a series of 6 red HA candles. But the body of the 6th candle fits in the previous one. Which indicates a cool off or a consolidation. Consolidation range : 19500 to 19560 All major moving averages are negative (-ve) The breakout of 19560 extends the upper range to 19600//19625 The breakdown of 19500 extends the downside range to...

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Chart type - Heikin Ashi Time frame - Swing Daily Chart All time High - 525.90 LTP - 435.10 Note: 20% down from all time high Breakout of the resistance level of 431 (Recent high of May) Wait and watch the behavior of price around these levels. The support zone 425 to 430. Thanks Simranjit Singh Virdi

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Hello Traders, Chart Type - Heikin Ashi Time Frame - Daily Swing Chart The price has successfully tested its retracement level of 61.80% and the price holds these levels. Swing High - 387.15 (August 2023) Breakout Level - 347.95 First trade zone - 347.95 to 357.25 Second trade zone - 357.25 to 373.30 Breakdown Level - 338.65 Trade Zone - 338.65 to 308.60

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Chart type: Heikin Ashi Time frame: Daily Fibonacci Retracement Drawn Data First Swing 18.51% Second Swing 11% Convergence levels: Mark 7900 (convergence - 23.60% of first swing // 38.20% of second swing) Mark 7713 (convergence - 38.20% of first swing // 61.80% of second swing) Analysis Notes: From the last 3 trading sessions the price is trading below...

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Chart Type : Candlestick Time frame : Daily Tool Used: Fibonacci Extension Please note that this analysis is based on the geometry of the chart, it is not a data based analysis. From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the...

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Chart type : Heikin Ashi Time frame: Daily Tools Used: Fibonacci for levels. Heikin Ashi candles for momentum. Moving averages for the behavior of the price. Analysis: We have a series of continuous red HA candles which indicates the weakness in momentum. Also the price is trading below the first band of moving averages. The next important level to watch is...

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Chart type - Heikin Ashi Time frame - Weekly Indicators Used: 1. Moving Averages 2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597 Analysis Notes: 1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%. 2. The ...

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Chart Type - Heikin Ashi Time Frame - Daily Indicator:- 1. Moving Averages (For entry and exit) 2. Fibonacci Retracement (For support and resistance) The price has successfully tested its Fib retracement level of 23.60% which is 179.15, the level acts as a strong support. Also the moving averages came close to each other showing the...

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Chart type - Heikin Ashi Time frame - Daily Indicator - Guppy Multiple Moving Average Today we have a Red HA candle with a strong body which shows a countable decline in the momentum. Also a day before we have a doji candle at the top of the uptrend which is a sign of trend reversal. But I wait for the bearish crossover or a strong breakdown of the moving averages.

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Hello Trades, I shifted my focus on the Oil and Gas sector. From Sep 21 to Sep 23, we see the price is moving around a price zone of 7710 to 8164. This zone acts as a resistance. But recently on the weekly chart we see a bullish crossover below the resistance zone and the price has entered the resistance zone. The HA candles indicate the upward momentum in the...

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Time Frame : 4H Chart Type : High-Low (High-Low chart type filters noise from the chart and gives us a candle with High-Low) The resistance zone is marked on the basis of the bearish move of 13% in 10 days (13August to 22August). The price has marked a zone of 1618.50 to 1660 and now the price has further declined 5% from this zone. Now the price is at the...

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Chart - Heikin Ashi Timeframe - 4H Resistance Zone - 1635 to 1647 20 ema - 1634.25 50 ema - 1643.36 100 ema - 1664.89 200 ema - 1710.45 Fib Retracement :- 38.20% level 1732.88 50% level 1789.44 Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema. Trade Setup :- 1. Enter on the breakout of...

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Hello Traders, Get ready to play a positional trade in ethereum on weekly tf. The correction was started from the levels of 4868 in Nov2021 and after 18 months of correction the ethereum is getting ready for an uptrend. Let's understand the technical data ema(20,50,200) - Buy ema(100) will act as a Resistance1 Level 2023 will act as a Resistance2 ...

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Hello Traders, The structure of Granules looks very promising. The price is getting momentum and is ready for a trend. The level of 284 is important support on a weekly chart. And the price has been tested at this level many times but never been breached. But for sure it will spend some time at levels. So, I expect a good positive trend in the coming days. Be...

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Technical Data - Negative (30m and 4h charts) Intraday Chart The price is far away from 20ema line. Both of them will try to touch each other by Time Wise Correction or Price Wise Correction. So on intraday level a small recovery might be seen. Swing Chart On 4h chart the technical data shows the weakness in the chart. A new low of this swing can be tested this...