Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 9-5-24
Today’s Green Candle cooled down the oversold position. Now Nifty can resume it’s downtrend.
In Hourly chart it is showing Lower Highs and Lower Lows.
Double TOP formation will confirm when it breaks the level 21775.
RSI has shown the "DIVERGENCE"
The Downtrend will begin for a long time.
Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss).
Gap UP/Down Opening :
If high of First Hour is not broken then put stoploss there for all short positions.
If Low of First Hour is not broken then put stoploss there for all Long positions.
For New position :
for Upside :
Buy Nifty above 22339 Stoploss 22265 it may touch
22362---22399---22459---22556---22616---22713
for Downside :
Sell Nifty below 22265 Stoploss 22339 it may touch
22242---22205---22145---22048---21988---21891
Stoploss 22300 for All LONG Positions For Short term Trend
Stoploss 22000 for All LONG Positions For Mid term Trend
Stoploss 21710 for All LONG Positions For Long term Trend
All above levels are of Nifty Spot.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
For 9-5-24
Today’s Green Candle cooled down the oversold position. Now Nifty can resume it’s downtrend.
In Hourly chart it is showing Lower Highs and Lower Lows.
Double TOP formation will confirm when it breaks the level 21775.
RSI has shown the "DIVERGENCE"
The Downtrend will begin for a long time.
Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss).
Gap UP/Down Opening :
If high of First Hour is not broken then put stoploss there for all short positions.
If Low of First Hour is not broken then put stoploss there for all Long positions.
For New position :
for Upside :
Buy Nifty above 22339 Stoploss 22265 it may touch
22362---22399---22459---22556---22616---22713
for Downside :
Sell Nifty below 22265 Stoploss 22339 it may touch
22242---22205---22145---22048---21988---21891
Stoploss 22300 for All LONG Positions For Short term Trend
Stoploss 22000 for All LONG Positions For Mid term Trend
Stoploss 21710 for All LONG Positions For Long term Trend
All above levels are of Nifty Spot.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.