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Nifty Today: “Khaya Piya Kuch Nahi, Glass Toda, Barah Aana” - 21Nifty View: Some severe volatility from the Nifty on the very first day of this week – the index oscillated within a wide range of more than 250 points in today's session to post a close at 17,208, a day's loss of 69 points. The fact that it closed negative is not a surprise as the underlying trend is down, but it was the degree of intraday volatility that was severe for any short term trader. The BankNifty was a pocket of strength that managed a positive close; this is a good thing as this index enjoys the maximum weightage in the overall market. On the other hand, it was the broader markets like mid and small cap stocks which got beaten down the most. Strategically it makes sense to maintain a cautiously bearish stance on the market and not look to add long positions aggressively. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
NIFTY -- DOJI REVERSE TREND...NIFTY ..in my last idea of about nifty...i shown on daily chart doji candle formation after bearish trend when nifty at 17100 ..this doji candle was sign of trend reversal before bullish trend starts. last 2 days we can see this actual trend reversal on nifty in form of 2 GREEN CANDLE back to back of last 2 trading session nifty turn bullish..last 2 session we seen around 400-500 point rise of nifty . ! HEIKIN ASHI doji candle, this candle actually give us indications before trend reversal from either of trend and we can set our trade according to this candles . THIS idea is CONTINUATION OF LAST IDEA OF NIFTY DOJI TREND REVERSAL..PLEASE SEE EARLIER IDEA FOR REFERENCE ! this idea is for educational purpose. ! HAPPY TRADING. !
NSE:NIFTYLong
by champtrade111
2
NIFTY --TREND REVERSAL DOJINIFTY on Daily Chart trend reversal doji candle seen at todays closing.. Trend reversal doji heikin ashi candle ..found when trend set either bullish or bearish ..and traders indecisive about current trend. last few days nifty corrected around 1000-1200 points from high 18400 now at 17100 bottom was made around 16800 that trend was confirm bearish but last 1-2 session traders are indecisive about trend so volatility seen. that is doji candle formation at support level before trend reversal which is seen in form of heikin ashi doji candle formation on daily chart at todays closing. this doji candle suggest trend reversal from bearish to bullish ahead may be budget rally is ahead in few days. wave pattern also indicate same. NIFTY FROM CURRENT LEVEL 17100 uptrend can see target 18400 short term (1 month). *** THIS IDEA FOR EDUCATIONAL PURPOSE .!
NSE:NIFTYLong
by champtrade111
BNF EXPIRY ANALYSIS- jAN 20TH 2020_WAIT AND WATCHMkt on the longer ( 1 day) time frame completed the retracement from 61.8% to 50%. The closing candle is a DOJI with a red body. Lower wick is suggesting support at 37840-37770 levels and resistance at 38100-38200 levels. Coming 2 days Thursday and Friday candles should help us determine the longer trend of the market. Either it will break and start going down to 38.2% (37040) or it will bounce back from 50% level and start scaling new heights.
NSE:BANKNIFTY
by sunilvedula
AUDUSD eyes further downside, monthly support line in focusAUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day. RSI retreat adds strength to the latest declines, suggesting further weakness towards an upward sloping support line from December 20, around 0.7150. During the pair’s weakness past 0.7150, the 0.7080 level may offer an intermediate halt during the fall targeting the year 2021 bottom surrounding 0.6990. It’s worth noting that the 0.7100 and the 0.7000 round figures may act as additional halts during the fall. Meanwhile, the 100-DMA level surrounding 0.7285 restricts the pair’s short-term upside ahead of the latest swing high near 0.7315. Should AUDUSD bulls keep reins past 0.7315, the bearish candlestick formation gets rejected, which in turn will direct the pair buyers towards the mid-November swing high near 0.7370. During the pair’s sustained run-up beyond 0.7370, the 78.6% Fibonacci retracement level of October-December downside, near 0.7435 and the late October bottom around 0.7450 should entertain buyers. Overall, AUDUSD prices are likely to witness further downside towards the monthly support line but any further weakness will make it vulnerable to challenge the 2021 bottom.
Short
by MTradingGlobal
1
RELIANCE INDUSTRIES DAILY CHART ANALYSIS AS ON 26.12.21RELIANCE INDUSTRIES a per daily chart analysis stock above 2380 level for a target 2400 level. Resistance are at 2406 and 2474. Stock Below 2357 level for a target 2347 level. Support are at 2340 and 2311 Level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:RELIANCE
by UnknownUnicorn19608572
Nifty: Roller Coaster rideToday we observed dead cat bounce after yesterday's sell out, OI data suggest call unwinding and addition puts at 17000, it could be based on reversal rally. one shouldn't take upside position until it holds above 17000, 16900-17000 level imply crucial resistance. We are in a state of conundrum, that can be seen through doji formation at daily time frame. Suggestion : 1. To wait for nifty to hold upside above 17000 if you have bullish view 2. If it goes below 16700, take bearish trade
NSE:NIFTY
by OK_Rane
Entering into the Christmas Sale Weekly Expiry NIFTY50In this December month, we were blessed with five expiry dates. I would say that the last three expiry dates are like a roller coaster ride, highly volatile. We are entering our 4th week now, and it is a technically correction mode. Technically, a 10% drop from the recent high is referred to as a correction. Look at Nifty50 on Monday. It opened with a huge gap down and the panic selling happened because of the major levels where we know it was taken out. 17000 and 16700. This range is important because it is 10% from the recent high and also a fib range. After the range was broken, the NIFTY50 made a new week low near the 16400 level, then pulled back and closed above 16600.This kind of pull back kills aggressive traders. Tuesday opened with a near 0.96% gap up. Think about it! NIFTY50 as well as a strong rebound. It closed above 16700, so it looks good. In NIFTY50, we can expect the major levels to turn into resistance like Nifty did. Today, resistance is near 17950.We can expect the 17000 level to continue as resistance for the week, so I would be confident about selling at a strike price above 17200 on the downside of 16400 for a safe trade. Keep an eye on the daily candle as well. There is a doji candle . We can expect moments in both directions Make a decision accordingly.
NSE:NIFTY
by Manuadarsh
ASIAN PAINTS ON ITS MAJOR SUPPORT LINE Asian paints is in its major support line and has formed a doji candle on the line. If we see a good green candle this can be a good sign of reversal. This will be a good risk:reward trade with minimum risk and maximum reward. If stock breaks the support line ,don't enter it. If stock bounces from here , this will be a good entry. Look for bullish candlestick reversal patterns for best confirmation. This analysis was done by me only for educational purpose. Feel free to share your views/feedbacks.
NSE:ASIANPAINTLong
by headymuk
2
TCS is showing signs of bearishness TCS is showing signs of bearishness.. Reasons/Traits : • Ascending triangle pattern breakout seems reached the target (For this pattern targets usually will be the width of current triangle pattern as shown ~16%) • Daily Trend far away from 200 EMA • Uptrend is in pause mode • Bearish Abandoned Baby pattern (last 3 candles) formation seen (very rarely this kind of pattern is seen indicating chances of downtrend) • Doji is formed at the top of the uptrend (Trend uncertainty) • Bearish Engulfing pattern is seen (chances of downtrend) • Volume is decreasing • RSI, Stoch and MACD in overbought zone • ADX is 53 (indicating very strong trend) • Fib level retracement (from 25th Jun) crossed 2.618 levels and last closing candle is exactly at 2.618 • Current uptrend (from 28th Jul) retracement need to happen for a healthy uptrend What can happen next : Scenario 1 : Price lower than 3808 leads to 3700 to complete retracement of 0.236 levels and move up for a strong uptrend. It can also make a higher low (for the current wave uptrend) till 0.5 or 0.618 levels before moving up. Scenario 2 : Price going up above 3877 can test 3.618 levels (4080) 3350-3380 levels is very strong support zone. Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:TCS
by AdhigamaTrading
3
Reliance is ready for big move…Reliance is ready for big move… Reasons/Traits : • 0.236 Fib levels support can be seen • Taking support at 13 EMA • Consolidation during uptrend can be seen • Bullish Cross Doji formed today (bullishness) What can happen next : Scenario 1 : If price break 2435 then can go up to 2480/2500/2550/2600/2650 Scenario 2 : Stock if breaks the 13 EMA support and 0.236 Fib level support can go to 2275/2225/2180/2150 Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:RELIANCE
by AdhigamaTrading
Weekly BTC-USD(4th October)BTC closed its monthly September candle in the red territory and formed a bearish Doji kind of candlestick after 2 consecutive monthly gains. However, BTC posted a strong green candle in the Weekly TF with 11.71% gains. BTC market dominance is continuously trading in a sideways trend for the last 4 weeks. At the time of writing, BTC is trading around $47,500. On the higher side, the immediate hurdle is placed in the range of $49K-$49.5K. If it breaks this level decisively on the weekly basis, the next resistance is present at $51.5K followed by the $53.5K. On the lower side, BTC has been trading in a range of $47K to $48.5K for the last 4 days, if the support of $47K is broken the next potential support is present at $45.3K. Overall, on the larger TF’s, the trend is still sideways to bearish, however, once we get a decisive closing above $50K, then the trend will turn in favour of bulls. But, the breakout from the upper and lower level will confirm the direction of the trend.
COINBASE:BTCUSD
by TradeDog-Research
ACC Long Legged Doji on 100 EMA supportAfter 1 month correction NSE:ACC has formed long legged Doji candle on 100 EMA.. A long-legged doji signals indecision about the future direction of the underlying security's price. Long-legged dojis may also mark the start of a consolidation period.. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur.. Since the pattern is viewed as an indecision period, a trader could wait for the price to move above the high or low of the long-legged doji.. The long-legged doji is more likely to give a valid signal if it appears near a major support or resistance level.. And since it is on support of 100 EMA one can bias with Bullish sentiments. If Stock starts to trade above High of Long legged Doji (2260/-) enter LONG position with SL at low of Doji (2200/-) or below 100 EMA.. for first target of 2360/-, & second 2450/- If stocks trades Below Low of candle (2200/-) enter SHORT position with SL at High of Doji candle (2260/-) for target 2100/- **EDUACATIONAL PURPOSE
NSE:ACC
by Prabodhan_K
Trend reversal pattern signals seen in BajFinanceUpTrend reversal pattern signals seen in BajFinance Reasons : Daily chart trend closed below 5 MA Evening star candle stick formation seen with today close Earlier 2 inverted cross doji's formed and not activated yet Rally is paused after 31st August Volume Decreasing RSI Decreasing Trend is far away from 20 and 200 MA For healthy uptrend, stock has to test retracement of 38.2/50/61.8 Fibanocci levels Stock did not retrace since 16th August What can happen next : Scenario 1 : Below 7414, it can go till 6890/6711 (if we consider 7615 as retest on 6th Sep for the high made on 1st Sep 7674.50) Scenario 2 : Can retest 7615/7675 before going down For any further uptrend 0.382 levels needs to be tested.. Lets see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:BAJFINANCEShort
by AdhigamaTrading
1