Selecting the right time frame for technical analysis is a crucial decision for any technical analyst. In the Indian market, the trading session lasts for 375 minutes, starting from 9:15 AM and ending at 3:30 PM. While many traders commonly use the 30-minute, 1-hour, and 2-hour time frames, these intervals often result in incomplete candles, which can distort the...
Hello Friends, here we had shared just an observation on correlation between NIFTY and DXY which are clearly showing opposite directional runs from last couple of months, also we are assuming the wave counts on both, which are suggesting same patterns ahead along with good support by this correlation, this increases good chances of winning probabilities of our...
Here in this video, I discuss with you a losing trade which I took today and what we can learn from it. I also share with you important things regarding gaps , and how a beginner is always trapped in reversals and why it's profitable to stay on the current side of the trend. Follow @piyushrawtani if you find this video helpful .
This Nifty Future Chart i have used in this Educational Tutorial is to summarize how many parameters keep playing in disguise on Daily Charts which is possible to track properly only in Short Term Trades . The Trade Setups for Longs / Shorts are those which i have personally Taken in markets in recent times for short term setups . The Overall Risk Reward is...
Linear Regression Line: The line that fits all the data points, in stocks is considered the line where the majority of the price action is distributed. " R Square" value It deviates in the range of 0 to 1, the closer the value to 1, the better it is It defines the Best fit of data. Upper Channel Line: A line that runs parallel to the Linear Regression Line and...
This is hourly timeframe. This is how I analyze the consolidation only technically. From fibo. recent top to bottom, Nifty is taking resistance 0.38 fibonacci level. Let's pointout the short trend and understand each. 1] Nifty started consolidating 6th May 2022. It started falling, gone sideways for sometime and gave bounce back. 2] And it tested the 16400...
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 ..........................................................................................
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.
Nifty 50 index would get supported by monthly TF swing's 38% fibonacci retracement for a while
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...
🛑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...
Let us find out the reason why retailers lose money year after year To find out that let's understand the 4 stages of any stock/index. --> STAGE 1: .This is the stage where accumulation of the stock by FIIs and DIIs takes place and the price trades in a range bound structure ( as shown on the chart ) where buyers and sellers are in equilibrium. .This stage might...
17600 level is resistance for Nifty50 and it may push down from level then go up for further move. Keep on eye on the level. 17600 level also 61.80% from top to bottom.
Ascending Triangle: An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline with rising volume. It is a bullish formation. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level. The lower trendline is rising diagonally, indicating higher lows as buyers...
This tutorial is on the ABCD pattern and the instrument used here is Nifty 50. ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high. The trade setup is...