VIEW 1:
NIFTY Crucial Support 17450/17400. If breaks the Support then sharp fall expected.
VIEW 2:
NIFTY may take Support near 50 EMA or 17450/17400 and resume upside rally.
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Please check the chart and trade very cautiously.
I am not a bearish biased person but seeing this structure with such a clear picture I doubt.
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The LTI script had rallied too much and looks like it can't bear its weight anymore.
The Elliot waves are done and the correction has just begun in LTI.
I'm expecting a target of 5800 in the next few weeks. Analyze and trade if this is convincing.
PS: Overall market is correcting and IT stocks are still overvalued.
Banknifty broke all three support level today and took a minor bounce from 39400, however banknifty passed some time near 40200 area but was unable to hold it. If banknifty breaks 39400 then next support levels are 38600 & 38200. Resistance now stands at 39900 - 40200 & 40500
Nifty broke its major support area of 18k which was also the 0.786 Fibb Level, this 18k level was the last support for a pullback according to Fibonacci Retracement levels. As in our analysis for 25oct we stated that if Nifty broke 18000 we can see 17800, today nifty made a low of 17799 and gave a little bounce. What's ahead now - If price breaks 17800 then Nifty...
Hello, Guys! Nifty-50 Is Bearish Trend on 26-10-2021
Nifty Closing :- 18047 { (NEAR) 3:30 PM }
Small Stop-Loss if Possible
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I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
For My...
Head and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its...
As per Fibonacci Retracement , few key support and resistance levels are as shown in the chart. Resistance level R2 seems to be Crucial Make or Break level on the up-side for NIFTY tomorrow.
The stock has some unfilled gap. I suppose that it will breakdown and fill that gap before it starts its upward journey.
You can go short for target of 2168, and then go long.
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Hello, Guys! Nifty-50 Is Bearish Trend on 11-10-2021
Target :- 17783 Near ( Closing ) 3:30 PM
STOP-LOSS :- 17959
Guys This is R&D ( Research And Development ) Purpose Only.
I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
For My Lovely Fan...
