Nifty has initiated a Bullish Harmonic Pattern 5-O which has the PRZ of 11450-11400. As long as it sustains above 11300 it could rally till 11775-11850. Further confirmation would be hourly sustenance above 11570. Bullish 5-O are 6 points Harmonic Patterns usually preceded by a Bearish Alt Shark. The pullback from the Alt shark in this case happens to be a...
Break of 11510 support, will lead to a fall towards 11450, 11370. Bounce off from 11510 support will lead to 11565, 11612. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are...
nifty trend line and RSI divergence
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 ...
Nifty ShortTerm Support @TrendLine it may bounce back from trend line.
Currently stuck in a box. Let's see where it breaks! 11380±(20) the ultimate resistance. Disclaimer:- your capital at risk. Consult with your financial advisor before do any action or do your own analysis research.
My analysis for going short today on 14 Jul 2020 at close. View invalid if Nifty closes above 10900. My initial target is 10300. Target may increase depending on who fast and strongly 10300 gets broken.
NIFTY INDEX TREND SETUP -NIFTY WITNESS ONE OF THE WILDEST SWING THIS WEEK -THE CRUCIAL PART THAT I AM EXPLAINING EVERONE IS THAT 9950 WAS NOT BREACH ON A WEEKLY CHART AS WELL ON DAILY -THE SHORT COVERING RALLY IN THE INDEX PROVED TO BE VERY VITAL -THIS INDICATES THE STRENGTH IN BUY ON DIPS MARKET -20 AND 50 EMA WERE TESTED GAPS WERE CLOSED AND THE PRICES...
READ THE CHART -PLEASE DONOT FOLLOW THE CHANNEL THE TRENDLINE IS JUST DRAWN FOR PREMATURELY TO FOR TESTING PURPOSE -NIFTY MIGHT OPEN NEAR 10300-350 -MIGHT RUN INTO HURDLES
PLEASE SEE THE CHARTS FOR STUDIES
Just a Thought: Not for Trading Purpose NSE:NIFTY Speculation based on Past trends, It may not be true because every time scenario was different but looking at current trends and the proportionate fall and retracement in nifty across Dot-Com Bubble Brust, 2008 - 09 Recession. If nifty follows this trend, this scenario cannot be neglected. Please check...
Nifty is facing a major resistance near its major supply zone @ 9850-10000. I am calling this zone as a major supply zone because on the higher time frame (weekly and monthly) this same zone will act as a major resistance (Shared Weekly and Monthly charts in the previous post). On the downside the is a minor demand zone @ 9500-9580 then 9300-9420 and short...
Nifty closed in the supply zone of 9490-9580. On the downside demand zone @ 9230-9250. Today as I have mentioned in the telgram group that I am not expecting nifty closing below 9490. The reason is: 9490-9580 is a supply zone on a daily chart and 9490-9735 is a supply zone on a weekly chart. So 9490 is a very crucial level in a higher time frame. I am...
Finally Nifty closed in the major supply zone @ 9365-950. On the downside short term major demand zone @ 8850-9100. If Nifty will sustain 9350 which is a lower level of its supply zone then it may test 9500 which is a higher level of the supply zone. Supply Zone is very wide so it is difficult to get a valid technical stop loss so I made a short position...
Nifty is making a Cup & Handle in lower time frame, a breakout level coincides with the Bearish AB=CD between 9600-9650 which I had already suggested as a possible level in my previous tweets, view would go wrong below 9100. At the same time NIFTY IT in hourly is on the verge of an IHS breakout which suggest 13500 as a probable level. Both suggested levels could...