Price is nearing trend line. It have to break & sustain to be bullish.
from trend Nifty showing continuation of bear trend. Let's see the move in upcoming days for trades
IF SUSTAINS ABOVE 490 THEN MIGHT SEE 495-498-501-505 IF GOES BELOW 485 MIGHT SEE 480-78-75-72-70. MARKE
Watch out this counter!! > buyback is going to announced >200 month EMA support near 340-350 >positive RSI divergence on weekly chart MY OBSERVATION: > pharma and auto stocks have positive divergence as it is oversold since couple of years. if there will be weakness in market do not short that sector for time being. > go with market leaders in that sectors you...
Nifty changed its trading zone from 10000-12500 to 8800-10000. 8800-9100 is minor support on the monthly chart. If it will fail to sustain above this zone then the next major support zone is 6300-6900. On the weekly chart, the lower side trending candle is formed. It means next week also we should get the swing trades on the lower side.
it is showing resilience!!! one may buy above 427 csl:396 target:445/475/498
>keep your radar if it close above 640 in this month it may bounce back up tp 720-760! > Rsi divergence
Touch mean line of channel and taken support from 50 month ema
>wait for march month closing as it is very important for trend confirmation. > anything below 9100 on closing would be negative. >there is one crucial level is 10250-10300(50 month EMA) which act as strong resistance and monthly close above needed for ending downtrend. (reason: two bull run (2009 to 2015) and (2015 to 2018) respective retracement is...
This is a monthly chart which captures major moments in the nifty's journey from early 2000 to 2020. This is just for illustration perspective.
Megaphone Pattern Formation in Gold Daily/Weekly Charts
IN SUCH VOLATILE MARKET MY SOFTWARE GIVEN PERFECT BUY SIGNAL AT BOTTAM
>>Violation of this trend line is confirmation of bear market for almost 12-14 months!! >> downside levels are very scary!! 8600-8900
For any reversal/rally to sustain, VIX needs to cool down. For now sustaining below 39 would be the 1st confirmation for a pullback to 30 then 25. With Q4 Advance Tax noes coming in from Monday, we would be seeing stock specific reactions going forward unlike the systematic fall we have been witnessing since FEB. So a word of caution, not every Inky Pinky Ponky...
It has bounced from an extremely crucial monthly Ichimoku (Kumo) support. If it were to be held then all time frames suggest a consolidation between 14000-12500 would be likely. However, if it does not hold then the next major support is a Bullish Harmonic Shark at 10000. $:INR showing signs of exhaustion currently is a big issue with the sector.