NIFTY is trading in upward channel and is currenly testing the lower trendline on the channel. Zone between 21750, 100 EMA and the lower trendline of the channel should act as a strong support zone. RSI is also showing a divergence right now. If these supports break then price can pull down to next strong support zones marked by 200 EMA, Previous pink...
As my observation and history track, coming Monday or Tuesday we may see huge upside ..its intact. read the candle, support, volume and closing
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range, are included Entry/Exit point's: - It has very easy entry and...
A sharp bearish move can come after a small correction from 21750. Inverse head and shoulder pattern points towards the target of 20800. 1000 points move to capture but right entry will matter a lot. Proper risk management is most important.
Price was unable to sustain above 22300 zone and consolidated in the afternoon session. And the support zone is having a very big range. Pattern : Support/resistance. Range : Medium. Trend strength : Normal. Buy Above : 22200. Stop Loss : 22160. Targets : 22240, 22280, 22320 and 22360. Sell below : 22120. Stop Loss : 22160. Targets : 22080, 22040 and 22000. Hit...
Price did not have trending movement on Friday. And still price is weak. So what will be the next move? We have two patterns. Pattern : Triangle, channel. Range : Medium. Trend strength : Normal. Buy Above : 22080. Stop Loss : 22040. Targets : 22120, 22160, 22200 and 22240. Sell below : 21980. Stop Loss : 22020. Targets : 21940, 21920 and 21880. Hit the like...
Sell Nifty @ 22470 - 22450 for 22410 and lower marked levels on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
Nifty opened with a gap-up and we saw a roller coaster session as per the expectations. Nifty made a morning high around 22340, made a low near 22100, came towards morning high and again we saw a fall towards 22050 levels. Last one hour rally was completely beyond expectations which took Nifty from 22050 zones to 22430. For tomorrow, we are not looking for a buy...
Navigating Nifty 50 Index Levels for May 14, 2024 *As the trading session approaches on May 14, 2024, understanding the key support and resistance levels for Nifty 50 is essential for devising a well-informed trading strategy. Here's a detailed analysis to guide your trading decisions.* ### Resistance Zones: 1. **Primary Resistance Zone:** If the market opens...
Good morning, friends! 🌺🍬 Here are the directions for May 16th: The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +120 points. Nifty minorly retraced after the gap-up start in the...
Nifty opens gap up and mad days high which is 22297 level but didn’t survive upper level and bear drag the nifty down to the 22151 points, after that index was in a consolidation and gave flat to bearish closing which is -17 points. Index has formed red body candle with upper and lower shadow. Candle is crossing 9 Days Moving Average Line on daily chart. Nifty...
NIfty today opened high then got immeadiate sell off from top and consolidated whole day in tight range tommorow could be a big trending expecting in my view.Nifty struck in triangle which everside breakout happens and sustains can give good moves. Resistance : 22250 above long tagets of 22300,22360,22400,22420. Support: 22160 below short targets of...
In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that...
Complete session of yesterday and Baring one hour of today's session was consumed by the complex 4 th wave correction of nifty. 4 th wave correction is deeper here 61,8 percent of 3 rd wave. when ever we get simpler 2 nd wave the 4 th wave becomes a headache. today after completion of Y we were expecting a rise but it gave away to Z and at last we could see 5 th...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22130 level and then possible upside rally up to 22250 level in today's session. in case nifty trades below 22090 level then the downside target can go up to the 21970 level.
Nitty making double top pattern on daily & weekly charts. Below 21700 this pattern get valid for target of 21300, 21011, 20888, 20555, 20222 December levels on 3 states election results & also fill the gaps between these levels. If Nifty close above 22222 levels then pattern become invalid & then we can see 22800 & above levels with election results prediction's....
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 14-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22280 may...
Intraday NIFTY seems to be weak opening which makes it to go to next support at 21777.....Trade carefully.....Till June 4 as markets can be volatile with INDIAVix at 20+ now.