Nifty_ShortTerm_Trajectory

Jan 26, 2022

🟢High volume #StoppingVolume candle on daily scale.
🟢Formed a #MorningStar pattern on 195M (Half Day)
🟢RSIStairs taken support of 35 and bouncing above 40
🟢Major technical support stands at 16987/16915/16833

🔴Below 16833 another 1000 point fall may be seen.
🔴Resistance at 17573-17613. #SupportTurnedResistance
🔴Good to look for #SellOnRise opportunity on reversal

Jan 26, 2022

Note

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

Feb 1, 2022

Note

🟢Almost the target of 17600 reached. #Nifty is approaching the target level of 17613. If we close above 17626 then we may slowly move towards 17796/17958 and then next target of 18161/18346. View bullish. SL = 17445 75M candle closing basis (post budget).

Feb 1, 2022

Note

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🟢 6 million volume in last 75M candle when #Nifty formed a wide bar #StoppingVolume or #BullishHammer. Daily total volume is highest since Mar-2021. Should have a good buying figure by institutions today. Looks like we are all set to trade above 18000+.
🟢 Looks like weak hands sold in panic. Strong hands accumulated the dip. #Nifty & #BankNifty back to higher zone. Look at last 75M candle. Very bullish. Think of long trades till we close below 17400.
🟢 Hold the #BullishCallButterfly. Market recovered from sudden sell off after the budget. If we close above 17435, most likely #Nifty move up towards 17796/17958 and then next target of 18161. A huge #BullishHammer or #StoppingVolume candle. Bullish.

Feb 2, 2022

Note

🟢Updated view bullish. #Nifty broke the resistance level with a gap and closed at highest point of the day. Have published another view which is contrary to this and bullish.

🟢 View should remain bullish till any reversal patterns formed or 17447 is broken.