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 be seen. Take this opportunity as for cut Long or Initiate Short position nearby this with Stoploss of 22310.
2-3 small green candles may be seen before a big fall.
After failed attempt to break the 22200 upside then a big fall will be seen in coming days.
In Hourly chart it is showing Lower Highs and Lower Lows.
Double TOP formation will confirm when it breaks the level 21775.
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 22147 Stoploss 22061 it may touch
22173---22216---22285---22397---22467---22579
for Downside :
Sell Nifty below 22061 Stoploss 22147 it may touch
22035---21992---21923---21811---21741---21629
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 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 be seen. Take this opportunity as for cut Long or Initiate Short position nearby this with Stoploss of 22310.
2-3 small green candles may be seen before a big fall.
After failed attempt to break the 22200 upside then a big fall will be seen in coming days.
In Hourly chart it is showing Lower Highs and Lower Lows.
Double TOP formation will confirm when it breaks the level 21775.
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 22147 Stoploss 22061 it may touch
22173---22216---22285---22397---22467---22579
for Downside :
Sell Nifty below 22061 Stoploss 22147 it may touch
22035---21992---21923---21811---21741---21629
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.