Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 05-03-24 : A DOJI “ Might be Evening Star “
Evening Star Pattern :
1. The first day consists of a large white candle signifying a continued rise in prices.
2. The second day consists of a smaller candle that shows a more modest increase in price.
3. The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Bulls are unable to rise further Now Bears may take CONTROL from here on.
More Likely = GO SHORT “If GAP Down Opening” Stoploss will be 22465
GO LONG “ If GAP Up Opening” Stoploss will be 22345
for Upside : if Nifty Crosses above 22442 it may touch
22465---22502--22562---22660---22720---22817
for Downside : if Nifty Crosses below 22368 it may touch
22345---22308---22248---22150---22090---21993
StopLoss 22200 for LONG Position. for Short term Trend
Stoploss 21850 for All LONG Positions For Mid term Trend
Stoplos 21500 for All LONG Positions For Long term Trend
A clear trend is very likely to begin.
All above levels are of Nifty Spot. Put Stoploss will on closing basis.
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.
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 05-03-24 : A DOJI “ Might be Evening Star “
Evening Star Pattern :
1. The first day consists of a large white candle signifying a continued rise in prices.
2. The second day consists of a smaller candle that shows a more modest increase in price.
3. The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Bulls are unable to rise further Now Bears may take CONTROL from here on.
More Likely = GO SHORT “If GAP Down Opening” Stoploss will be 22465
GO LONG “ If GAP Up Opening” Stoploss will be 22345
for Upside : if Nifty Crosses above 22442 it may touch
22465---22502--22562---22660---22720---22817
for Downside : if Nifty Crosses below 22368 it may touch
22345---22308---22248---22150---22090---21993
StopLoss 22200 for LONG Position. for Short term Trend
Stoploss 21850 for All LONG Positions For Mid term Trend
Stoplos 21500 for All LONG Positions For Long term Trend
A clear trend is very likely to begin.
All above levels are of Nifty Spot. Put Stoploss will on closing basis.
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.
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.
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