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Market Insights: Will #Nifty's Bottom Be Shaped by Recent News?As they say, history always rhymes. Will this time again be a repeat of history, repeating some pattern in #Nifty charts? Let's study the past. Back in October 2021, when Nifty made a top around 18600, it went into a price and time-wise correction, taking over 35 weeks to form a major bottom in June 2022. This bottom was formed amid extreme negative sentiments due to the Russia-Ukraine crisis. During this bottom formation, the market broke down below the major consolidation zone of May 2021 to August 2021 and also closed below the weekly clouds. However, just prior to that, the market took support around cloud lows and rallied swiftly by 8-12% in May 2022. After forming the June 2022 bottom, Nifty went on to make a new high in November 2022, which was around 55 weeks from October 2021. Now, let's see where we are. Nifty made a recent ATH back in September 2024, and since then, this correction is close to 27 weeks old. The market recently took support exactly at weekly cloud lows and rallied swiftly by 8-10%. As of now, it risks breaking down below the weekly cloud and may test or break below the major consolidation zone of December 2023 to June 2024. The tariff war is an uncertain event in the history of markets, but markets, as they say, are always forward-looking and smarter than what an individual can think. Most of the time, bottoms are formed with extreme negative sentiments. Will this be a repeat of the past, or will this time be different? Will Nifty attempt a new high or test the old high after about 55 weeks from September 2024, coinciding with Diwali 2025, giving investors a good time around Diwali? Or will this Diwali be different? Only time can answer this, but I'm sharing these observations from my limited experience. This post is not a recommendation for any buy or sell but purely an educational post to observe and learn from history.
NSE:NIFTY
by aktradelearning
8
LGBBROSLTD headed for 4 digits +Attached: LGBBROSLTD Daily Chart as of 20th June 2023 Today Price gave a Clean Strong Volume Breakout making New ATH and signaling that the Blue Sky is now Open for Price to precisely breach past the 4 digit aka 1000 level mark ! - Past few candles have strong Volume buying and the Base from the Price has taken off is also well within what you may call Accumulation based on the Volume patterns - Ichimoku System also gave a Super Bullish Buy Signal today - Price is Trending up within a Channel which is visible when you Zoom out on the Weekly TF and so it is a clear case of Higher Highs and Higher Lows as per Dow Theory Up Trend
NSE:LGBBROSLTDLong
by T_Harth
5 Things to remember about bull marketsHey everyone! 👋 Bull markets are a time of optimism and growth, and they can be a great opportunity for making substantial gains. However, it's important to remember that bull markets don't last forever, and it's crucial to approach them with a healthy dose of caution while keeping your eye on your long-term goals. 🙂 Here are a few things to keep in mind when dealing with bull markets: 🚨 Don't get caught up in the speculative frenzy It's important to remain level-headed and avoid making impulsive decisions based on short-term gains. Take time to thoroughly research any trades you're considering. It’s always good to focus on ideas with strong fundamentals as well as technicals. 📚 Keep an eye on valuations In a bull market, it's common for stock prices to rise, sometimes to levels that may not be justified by a company's fundamentals. For investors, it can be important to keep an eye on valuations and make sure the stocks you're investing in are reasonably priced. 🔔 Be prepared for reversals Like all good things, the Bull markets too eventually come to an end. Hence, it's essential to be prepared for a downturn. It’s always good to manage risk exposure by employing techniques such as diversification and hedging. 💸 Control your risk It's natural to want to hold on to the positions that are performing well, but it's important to remember that bull markets eventually come to an end. If you've made substantial gains, trailing may be a good option to lock in profits should things change quickly. Letting the winners ride by continually trailing your positions is one good strategy for improving a trade’s Risk-Reward ratio. 📈 Keep a long-term perspective Trading is a marathon, not a sprint. Bull markets can be a great opportunity for gains, but it's important to keep a long-term perspective about your goals. Did you miss the big moves? Don’t get angry and make bad decisions. There will be more opportunities down the road to apply what you’ve learned. Bull markets can provide excellent opportunities, however, they must be approached with caution and with defined personal goals. Consider the risks and rewards of each investment, keep an eye on valuations, and always be prepared for a downturn. We hope you enjoyed this post! Please feel free to write any additional tips or pieces of advice in the comments section below. See you all next week. 🙂 – Team TradingView Do check us out on YouTube and Instagram for more awesome content!
Education
by TradingView
6
NIFTY50 INDEX ANALYSIS FOR 04 JAN 22Hi everyone, Nifty50 index analysis & view for tommrow and this week, recently nifty50 index has given correction of 2,200 points+ and now it is testing it`s major resistance level 17,650 price may correct from here, but if sustains above 17,650 then index can go upto it`s all time high 18,600 (level identified from harmonic xabcd pattern). looks like trend is going to change if sustains above 17,650 downtrend will be invalid & new uptrend will start. NSE:NIFTY
NSE:NIFTYLong
by UnknownUnicorn30938178
BANKNIFTY ANALYSIS 18/2/2021Last week in the market, we were looking a possible breakout or breakdown situation on both Nifty and Bank Nifty. It turns out, it was a breakout towards 15,400 and 37,700. Now it looks there is a possibility of a false breakout as well. If the market fails at one at one end of the range, it generally tests the other extreme side. Here, we also have a head and shoulders pattern. The call writing in today's expiry for BNF 37,000CE was 106K. DIIs have also been net sellers for a while now. For the coming week, it will be interesting to see how the market reacts at this level. If the breakdown occurs below 36,400, there could be some selling pressure to re-test 36,000. If the market does move higher again, there is strong resistance at 37,000. I do not have a bias on the possibilities, because the market is too overstretched with heavy liquidity.
NSE:BANKNIFTY
by ArcherDAVIS