Get started

Contains image

Bank Nifty Weekly Spot Chart Technical Analysis 15-19 July, 24📈 Bank Nifty Spot Technical Chart Analysis 📊 Range Trigger Point: 52279 📉 Weekly Range: 1045 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 52395 💼 Average Position: 52272 🎯 Buy Target 1: 52925 🎯 Buy Target 2: 53324 🛑 Stoploss: 52047 📉 Sale Below: 52149 🎯 Sale Target 1: 51633 🎯 Sale Target 2: 51234 🛑 Stoploss: 52497 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #BankNifty #NiftyBank #Options #OptionBuying #OptionTrading #OptionsTrading #Trade #Trading #TechnicalAnalysis #StockMarket #Finance
NSE:BANKNIFTY
by NumroTrader
Nifty Weekly Spot Chart Technical Analysis for 15-19 July📈 Nifty Weekly Spot Chart Technical Analysis 📊 Range Trigger Point: 24502 📉 Weekly Range: 450 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 24420 💼 Average Position: 24367 🎯 Buy Target 1: 24781 🎯 Buy Target 2: 24953 🛑 Stoploss: 24270 📉 Sale Below: 24314 🎯 Sale Target 1: 24224 🎯 Sale Target 2: 24052 🛑 Stoploss: 24464 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #Nifty #Nifty50 #Options #OptionBuying #OptionTrading #OptionsTrading #Trade #Trading #TechnicalAnalysis #StockMarket #Finance
NSE:NIFTY
by NumroTrader
Nifty Reaches 24,500 Target: Elliott Wave Analysis Disclaimer: ------------------------ Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ---------------------------------------------------------------------------------------------- General Election 2024: Impact on Nifty The 2024 General Election resulted in a clear victory for the existing NDA government, with Prime Minister Narendra Modi securing a third term. This political stability had a positive impact on the Indian market index, Nifty. ----------------------------------------------------------------------------------------------- Pre-Exit Poll Movement Before the election results were declared, we proposed an outlook for Nifty to reach 24,500 as a pre-exit poll objective. This prediction was published on TradingView as "Pre-Exit Poll Outlook - Bulls above 22,400 " on 31st May 2024. ----------------------------------------------------------------------------------------------- Achievement of Target Following the election results, Nifty saw a significant rise from the lows of 21,281 on June 4, 2024, and successfully reached our proposed target of 24,500 on July 12, 2024. However, there was a knee-jerk reaction as the index failed to surpass the 400-seat mark announced during the election campaigns, leading to some volatility when the actual results were declared on June 4, 2024. ----------------------------------------------------------------------------------------------- Unfolding Structure: The Leading Diagonal Since early March 2024, we have been discussing the potential for an explosive upside based on a leading diagonal pattern, also known as a Rising Wedge in traditional analysis. This Elliott wave pattern typically indicates a bullish trend, especially in the context of the 2024 General Election. We believed in the bullish scenario and termed it the "Leading Diagonal," expecting significant market movement. ----------------------------------------------------------------------------------------------- Why I Believe in Wave Analysis As a Wave Analyst, my journey began with a curiosity about the market's patterns and behaviors. Eight years ago, in 2016, I started writing for TradingView and was given an opportunity to look into India Business for the brand during its early expansion years in India. On a personal front, I progressed to learn the nuances of wave analysis and started applying them to publicly traded liquid financial instruments. The results were astounding, providing 90-100% accuracy in the analysis. The science behind wave analysis is robust, but it does come with the limitation of alternate views if the price breaches the cardinal rules. More details on this will be discussed in my upcoming book on wave analysis (no ETA available at the moment). ----------------------------------------------------------------------------------------------- Pattern Analysis Rising Wedge: Often seen as bearish or bullish from a traditional technical analysis point of view, Elliott Wave analysis goes one step further by identifying the pattern's nature as bullish or bearish and can complement the unfolding events. General Election 2024: The election acted as a catalyst for the bullish trend. Patience Rewarded: Participants who held their positions since October 2023 are now reaping the benefits. ----------------------------------------------------------------------------------------------- Future Outlook Key Psychological Level: 24,500 Nifty holding above the 24,500 level is crucial. If the index continues to bounce above this level, we anticipate the bull run to persist. Target: 27,620 Our next target is 27,620, where the current rising wedge in Wave-1 should travel 162% of the minimum distance if this is to be Wave-3. ----------------------------------------------------------------------------------------------- Additional Insights Reliance Long Term: Nifty Explosive Series Episodes Starting Comex Copper: These episodes as published on TradingView earlier, hinted at an explosive Nifty to unfold and how Dr. Copper’s move supported the outlook. This should be discussed as a different branch of technical analysis called Intermarket relations in my book, suggesting a strong bullish sentiment. In conclusion, the political stability from the 2024 General Election has propelled Nifty into a strong bullish trend, with a key psychological level at 24,500 and a future target of 27,620. ----------------------------------------------------------------------------------------------- Regards From WaveTalks Abhishek
NSE:NIFTYLong
by WaveTalks
3
NIFTY prediction for tomorrow 12 July 24As we discussed, NIFTY fell nicely and took support at 24188, and then it recovered nicely to 24315. If we look at the chart now: The market is trading in a resistance zone. Today, the market has had a huge fall from this point. Price action on this level will decide the upcoming momentum in nifty. If it breaks to the upside, it can touch the resistance trendline; otherwise, it will be sideways in the range of 24128-24344. Support levels: 24188, 200-EMA (15-min) Resistance levels: 24344, Resistance trendline. If we look at the OI data: PCR = 0.76 shows the market has a NEUTRAL sentiment. 24300 is Max pain. Both side levels have good PE and CE writing. The option chain data are indecisive. Price Action on the 24315 will decide the direction for tomorrow. Reason: RSI = 40-60; shows the market is going to be sideways bullish. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 0.76 indicates market-neutral sentiments. price > VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: wait for 15 min candle. Wait for good price action on the 24315 levels, and make your positions accordingly.
NSE:NIFTY
by finnova_
1
CESC - falling wedge A falling wedge pattern is a technical analysis chart pattern that typically signals a potential reversal or continuation of the current trend. In the context of CESC (Calcutta Electric Supply Corporation), here’s how you can understand and identify a falling wedge pattern: Characteristics of a Falling Wedge 1. **Shape**: The pattern is shaped like a wedge that is sloping downward. It is formed by two converging trendlines – a downward sloping resistance line and a downward sloping support line. 2. **Volume**: Volume tends to decrease as the pattern progresses and the price converges between the two trendlines. 3. **Trend**: The falling wedge can appear in both uptrends and downtrends. When it appears in an uptrend, it is considered a continuation pattern. When it appears in a downtrend, it is considered a reversal pattern. Identification of a Falling Wedge 1. **Downward Sloping Trendlines**: Draw two trendlines – one connecting the highs and one connecting the lows of the price action. These lines should converge, forming the wedge. 2. **Contraction**: The price range contracts over time as the price moves between the two trendlines. 3. **Volume**: Look for decreasing volume as the pattern develops, indicating less selling pressure. 4. **Breakout**: The pattern is confirmed when the price breaks out above the upper trendline (resistance line) with an increase in volume. Interpretation and Trading 1. **Reversal Pattern (Downtrend)**: If the falling wedge forms during a downtrend, it signals a potential reversal to the upside. Traders often look for a breakout above the upper trendline as a buy signal. 2. **Continuation Pattern (Uptrend)**: If the falling wedge forms during an uptrend, it suggests a continuation of the uptrend. Again, a breakout above the upper trendline is a bullish signal. Example of Trading a Falling Wedge in CESC 1. **Identify the Pattern**: Look for the falling wedge formation on the CESC stock chart. Ensure the trendlines are converging and the volume is decreasing. 2. **Wait for Breakout**: Monitor the stock for a breakout above the resistance trendline. 3. **Confirm with Volume**: Ensure that the breakout is accompanied by an increase in volume for confirmation. 4. **Enter Trade**: Consider entering a long position once the breakout is confirmed. 5. **Set Targets and Stop Loss**: Place a stop loss below the recent low within the wedge, and set profit targets based on key resistance levels or a measured move equal to the height of the wedge.
NSE:CESCLong
by pradytrader1979
BANDUSDT Falling Wedge: Is a Bullish Breakout Imminent?Yello, Paradisers! Have you been tracking BANDUSDT? The market is presenting a prime opportunity that you can't afford to ignore. Let's break it down! 💎BANDUSDT has formed a falling wedge pattern, and the price is currently sitting in the support zone, increasing the probability of a bullish move. 💎If the price shows an I-CHoCH (Internal Change of Character) in the lower timeframes, indicating a shift towards a bullish market structure, the probability of a bullish move will increase. 💎The probability of a bullish move will be even higher if the price breaks out of the falling wedge and the resistance zone together. In this scenario, we can expect a move towards the next swing highs. 💎If there is a breakdown of the support zone and the price closes below it, our bullish scenario will be invalidated. In that case, it is better to wait for a more favorable price action to form. Stay sharp and strategic, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BITCOIN on Last Lower-Low DipAs per 1-day chart analysis, CRYPTOCAP:BTC performing well as per my previous perditions, already posted and mentioned below with its last Lower-Low soon around GETTEX:52K - GETTEX:48K , while it is already completed its second-final mark of $53.5k that lies between $55k- GETTEX:52K as per given charts. so, need to take a little while more patience upto july month end, to completing its last Lower-Low mark and then from august onwards, #Bitcoin will starts moving slowly sideways with #Altcoins rally starts and slowly from sept. onwards fully mode of #BullRun 2024-25 cycle will be starts into their #Elliot #ImpilsiveWave upto next 7-8 months... anyways, always #DYOR before investing in #Crypto and Trade by using #StopLoss at this situations. and, always follow share & comment on my every post to get more updates...
Short
by AskToRahulSirohi
TIA/USDT 80% down from My Analysis#Celestia (TIA/USDT) Profit Update: I alerted you when LSE:TIA was trading at its peak/ATH and advised selling at $16.50+. It went up to $20 for a bearish retest and then experienced a hard dump, now down 80% from my levels. Hope you earned or saved money! Profit Targets: TP1: $13.86 ✅ TP2: $9.82 ✅ TP3: $7.10 ✅ Currently, LSE:TIA is trading around $6.4 and has dumped to $4.8. Analysis: Now trading at a strong support zone, I expect this area to be a good accumulation and reversal zone towards a new all-time high. Stay tuned for more updates and happy trading!
Short
by CryptoPatel
Test-Money!Not much trouble or discomfort in terms of daily change, save those who watch intra-day moves. The PIP graph is much higher time frame and hence much calmer, large Maribouzu, series of hanging man (wrong to term them with that name as it is not toppish yet). Yesterday move looks some profit taking at higher area than anything else. What is more important there are spaces where market will respond to divergence and then there are spaces without any warning market would move. Powell "Testimony" later in the day, CPI from Mexico, US China to watch tomorrow. Results season is the only one in addition to the Budget expectations. Sans there no local triggers. Lots of euphoria getting lower in the decibel, it is turning to the actual earnings in the end. No real triggers as of now, some sector rotation in the play, for a change there can be down side rotation than upside. Auto appears to be on the soft pedal. Support 24250-24180-24130 Supply 24380-24430-24500
NSE:NIFTY
by sreebhashyam
The Wait or the Weight!It the long wait on the heavy weight HDFC Bank. There are many souls and brave hearts looking for this one to join the race. It rose many times, fell many times, the hope remains, however the last three days action, was a quick burner for the late entrants. The PIP graph with back-drop black it the HDFC Bank, three black gapping black crows, for sure will be looking to exit the longs around the 1700-1730. In between, the support which was supply zone will act for a corrective rise, three days of large candle usually ends in a contra move. The NIFTY Bank PIP is the bi-weekly showing bearish engulfing, as is the case, just the appearance of the pattern is not sufficient, one has to tick the 9 conditions box and see how relevant they are. On the usual graph is the intra-day holding on the trendline and hence today action is vital. Tad in favour of rise than fall. Support 52450-52250-52100 Supply 52800-53015-53150
NSE:BANKNIFTY
by sreebhashyam