Its an mixed bag view for nifty for few weeks as of now, its creating head and shoulder pattern in daily chart, in weekly it has created a shooting star at the top! these are bearish signs. for this bearish view to get negated nifty needs to close above 22620 level. along with this on short term it looks like nifty will touch 21350 odd levels in the coming week...
As per diametric pattern nifty is at matured stages of this Rally which started from wave f lows. Now my advice is to Avoid FOMO. The fall post wave g can be either wave x or start of a bigger downside trend. The speed of the fall and how violent the reversal is will confirm if a bigger degree downtrend has started. For us, staying cautious and prepared is...
ABB india can hold this levels or it might give a breakout after giving a slight retracement from the resistance level and the 200ema can be acted as the support so becarefull before taking any decision on taking the entry. Disclaimer: The content provided in this chart is for Educational purposes only and should not be considered as financial advice. I am not a...
Dear All, So finally, yesterday we had seen a break down of 17800 level, a significant gap down opening and that the index was continuously under pressure throughout the day. Well, as we told you that an either side breakout or breakdown was very necessary for the trend identification, so below 17800, can once again take the market towards the level of 17320...
CRISIL | Channel support / Swing again, looks good for 16% RSI divergence in smaller time frames - attached in comment section CMP : 1898 SL : 1850 Target : 2200 Almost 1:7+ risk reward setup (P.S : This stock has poor volume, hence be cautious about slippage and violant moves)
NIFTY has tried thrice to break the levels already and still has not managed to. Go longs only above this level.