Weekly chart of BANKNIFTY. This chart also suggests that the strong support base is shifted towards up side in the BANKNIFTY.This support region comes to about 21050 kind of levels. Currently if we see, we have come quite above our marked supports in the chart. The way we have identified the open of the weekly levels as important support, even in BANKNIFTY the...
Hi, Here I have explained how can we backtest through Trading View Software on Nifty. Same way we can make backtest to any Index or Stock on our selected technical parameter and defined time frame. Dinesh Algo Trading Super Tutor
The previous swing high is 11800. There are two unfilled fresh gaps shown in the chart and we know that markets don't like gaps, thus eventually fill it. Is this the top of the market for the current period?? Will nifty successfully break the 11800 levels???
Nifty may test these zones before big move...
bullish or bearish flag
Strategy explained on the chart.
Strategy explained in detail on the chart.
Refer to the last week’s analysis wherein resistance in the range of 11541-11620 was mentioned. Nifty touched the highs of 11,618 during the week and couldn’t break this resistance, it finally closed at 11504 almost flat closing for the week. While the key indicators like RSI and MACD are in negative territory, Nifty’s closure above EMA20 and DMA10 levels keeps...
The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication. Today,...
After touching the lows of 11,185 during the week, Nifty managed to close above key level of 11,408. While the upward channel still remain broken since Aug 31, Nifty has been able to keep DMA50-DMA200 crossover intact. After 5 days of remaining below DMA20, it managed to close above this level on the last day of week. In view of this, one more trading session is...
Simple Trade Setup for Beginners for Day trade Put three Horizontal Lines after opening. These are calculated by various ways like Standard Deviation /ATR / Pivot points etc (I use algorithm) 1. Buy Above price in green 2. Open Price e in blue(actual value) 3. Sell Below in red Second Set of Horizontal Lines 3 Targets of Buy in dark green 3 Targets of...
nifty trend line and RSI divergence
There is clear break in five and half month long upward channel and Nifty is below DMA10. Next key level on downside to be watched is around 10,880 at the Sep 2016 - Oct 2018 line. DMA50-DMA200 crossover is so far intact, fresh strength in Nifty can only be expected above 11686 levels. - Rajesh Ramchandani
One can go long above 144 with SL 127,. Not a recommendation. Just for educational purpose!
Is 4th wave possible... what do you think .. plsss comment below -------------------------------------------------------------------------------------------- this only a prediction if possible ..... we can say perfectly about 5th wave But at first it need to complete its major wave ...