Nifty at its curial support of 16630, any fall would take the index to 16580-550. Also, Nifty has made double top and accordingly, likely to test 16380-50 levels soon so that double top pattern can be completed!! Further, if cues are negative from Jackson Hole Event i.e., liquidity cut, we may see a good correction all over the world market. However, as the COVID...
When looking at a Pennant continuation pattern, you will see the following: A flagpole: A Pennant pattern always begins with a flagpole, which differentiates it from other types of patterns (such as the symmetrical triangle). The flagpole is the initial strong move preceding the symmetrical triangle. Breakout levels: There will be two breakouts, one at the end of...
NSE:NIFTY It open with gap down in the range of 15720. It gave the significant Bullish Candle at 9.:30 , which break the level of 15685 zone. Which shows the bearish sign in the market. But as per our scenario 2 we were expecting gap down till 15645 Zone but today that level of 15645 zone reached with the 3rd candle at 9:45am. And then it took reversal to...
Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900 This week the nifty closed at ATH and managed to close at upper levels. Making small momentum candles (can break either side, p.s. Major trend is up) Strong support at 15300 levels A decisive close above 16000 with a catalyst is needed to enter new territory. This weak...
Hi everyone, I have tried to provide a holistic view of all the market cycles of Nifty from 2001-2021. This post may or may not make sense, hence just read without any predefined notion. This post took me a few days to get rolling, so please show some appreciation. We will be talking about the following parameters: 1. Corrections after each cycle 2. Price...
This idea is inspired by a strategy often used by market manipulators called Search And Destroy from the book named " How To Triple Your Money Every Year with Stock Index Futures " (1984) . In this book, According to Author George Angell's Search and Destroy day is "...When both previous time high and Low would be taken out..." (p.217) In our analysis we...
Every week we got one or two days where there is no momentum and market trade in a Range. this is best scenario for option selling. sell CE option on top Using nearest resistance as SL. Then Hedge position with selling PE near Support. you will make money in all scenario ,if market remains in a range , breakout or Breakdown. 1 . RANGE BOUND MARKET :- you...
See the below linked idea so that you can understand how beautifully these levels play a huge role in the market
Nifty 50 in its all-time high and has started a sideways movement which has supported by Shark harmonic pattern in the hourly chart. The expected move could be until D point i.e. 12878 to 13010 level downwards. We can find quality support on that price point. Please create your strategy accoudingly.
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It has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo...
Nifty is attempting a reversal from a Bullish Harmonic Alt Shark in hourly time frame which coincides with an Ichimoku Kumo support in daily time frame. If it manages to sustain above 11100 it could retrace back to 11275/11350. There is strong resistance now at 11425. Break of 11050 on closing basis will lead to further weakness/selling pressure. Harmonic Trading...