NIFTY UPCOMING TREND, NIFTY CHARTpatterns NIFTY CHARTpatterns NIFTY CHARTpatterns NIFTY CHARTpatterns
On left hand side chart, there is an upward channel on weekly time frame since Sep 2020 and downward channel from mid October 2021. NSE:NIFTY On right hand side, downward channel formed since October 19, 2021 is focused on daily time frame. Observations: A) On weekly chart, Nifty has taken support at the lower band of upward channel. B) On daily chart, Nifty...
Levels to watch ..........................................................................................
For Beginners who don't know the real meaning of RSI RSI---RELATIVE STRENGTH INDEX As the name says it shows the strength of a particular stock or index. More the RSI more the strength RSI above 40 indicates very little strength 50/60+ RSI stocks indicates very good strength....But RSI above 80 indicates that the stock is little overbought and may consolidate but...
Why this Trade..?? 1.Head & Shoulders Pattern(Depth is still Pending) 2.Market Sentiment 3.Trading in a Falling Path 4.Next Support 16690 is yet to reach Buy or Sell based on the Support Break with Volume This Analysis works for sure!!! Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before...
Going with a view of more 3-5% fall in nifty. Reasons for my view: 1. Support at 16K level on weekly time-frame. 2. 200 days SMA support also at that position. 3. Trendline support is also present over the area. Note: This is only for education purposes, please don't take any position on behalf of this.
As per the weekly chart, we can see 2 major supports, 1. Dashed Red line (17670) and 2. Dark Red line (17450). I think till December we may see the rangebound market if sustain above 17470 level.
Let's analyze the charts using different indicators that are commonly used so as to see what the different traders are looking at. Daily time frame 1. The RSI still has a potential for further selling. We are near the oversold territory. 2. There is no prominent support on the daily time frame until 15900-16000. 3. The 200 MA cluster is near 16100, which...
INDICATORS USED: EMA 4 EMA 9 EMA 18 TIME FRAME FOR ENTRY/EXIT: 5 min WORKS VERY WELL ON BOTH NIFTY AND BANK NIFTY As you can see on the chart that when EMA 4 crosses EMA 9 and EMA 18 together then the crossover of EMA 4 is golden crossover. This is the bookish definition...Now let's look at the applications with complete trading setup This strategy...
Bearish patterns are drawn upsloping. Bullish patterns are drawn downsloping. BC is normally 0.382-0.618 of AB. BC of present upleg is closed to 0.618. Time hormony gives date of 26th Nov to form CD around 17230. I am using ABCD pattern for the first time. CD is not a target but just an estimation of downtrend if continues. You can't short on the basis of Bullish...
# we will make only profit #This Tutorial tell you simple format to check best time to Enter.. # if you want to know about the indicators check my old video. #Indicators only can indicate not give you 100% guaranty. #If you need any help comment or message me.
"HISTORY REPEATS ITSELF" is a very powerful mantra for success in STOCK MARKET. Anyone can mint money in a bull market but THE ONE who protects his/her money before a market crash is the one who makes profits in the long run... And the fun fact is that market gives enough chances to protect one's capital before the crash. Here I am with one of the very few...
An Uptrending stock gives many opportunities to enter in it. But...we miss many of them assuming it as a reversal or before we enter the stock moves much higher again and Risk/Reward ratio is unfavourable for our trade. Here I am with another tried and tested strategy to find whether it's a pullback or trend reversal and the most IMPORTANT...enter before the...
Ross Hook pattern (simple) explanation using Bank Nifty Daily chart : We tried to explain Ross Hook pattern in a very simple way here taking Bank Nifty Daily chart as example. Ross Hook pattern can be termed as an extension/correction/advancement (as per me) to 1-2-3 pattern. The difference which can be noticed is hook kind of formation after point 3 where...
Nifty updates for reversal point as per price and timewise cluster marked over chart
🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels -in today market we can observe that there's is indecision between sellers and...
- i was keep telling that market is opening in huge gap up it is not a encouraging move for market , now filling those gaps - another thing to remember while investing in stocks , Smart money is moving away from market - Day Volatility is increased by Nearly 5% , if anyone taken trade without knowing crucial S&R they will hitted by SL -Currently NIFTY is...
Few learnings I want to share taking Adaniports daily chart as example: EMA’s 13,50 and 200 are plotted in the chart. An ideal price should always be near to all EMA’s but due to demand and supply and various other factors, price revolves around the EMA’s. High demand or High supply will make these EMA’s move away from each other. But the fact is after some time...