Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 09-04-24 More Volitality
Stop loss for holding longs is 22250 (on closing basis)
In Hourly Chart A Diamond Pattern is build-up.
Breakout above 22580 will give 300 points upward rally up to 22848.
Breakdown below 22410 will give you 300 points downward rally to 22090
Analysis : 22520-22530 is becoming a Strong resistance.
Closing above 22550 more than 2-3 days, Then uptrend will become very strong.
Be careful 22250 is very crucial support.
3 failed attempts will turn uptrend in downtrend, so be cautious.
For New position :
for Upside : Buy Nifty above 22688 Stoploss 22644 it may touch
22702---22724---22760---22818---22854---22912
for Downside : Sell Nifty below 22644 Stoploss 22688 it may touch
22630---22608---22572---22514---22478---22420
Closing below 22000 more than 2-3 days, This uptrend will become much weaker for All LONG Positions For Midterm 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
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 09-04-24 More Volitality
Stop loss for holding longs is 22250 (on closing basis)
In Hourly Chart A Diamond Pattern is build-up.
Breakout above 22580 will give 300 points upward rally up to 22848.
Breakdown below 22410 will give you 300 points downward rally to 22090
Analysis : 22520-22530 is becoming a Strong resistance.
Closing above 22550 more than 2-3 days, Then uptrend will become very strong.
Be careful 22250 is very crucial support.
3 failed attempts will turn uptrend in downtrend, so be cautious.
For New position :
for Upside : Buy Nifty above 22688 Stoploss 22644 it may touch
22702---22724---22760---22818---22854---22912
for Downside : Sell Nifty below 22644 Stoploss 22688 it may touch
22630---22608---22572---22514---22478---22420
Closing below 22000 more than 2-3 days, This uptrend will become much weaker for All LONG Positions For Midterm 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
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.