All rules of Leading diagonal is followed in Nifty. The correction may be deeper in case of Leading Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786. The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown. Please do your analysis before opting for a...
Nifty closed under 16k, Banknifty under 35k, as Reliance and HDFC Bank dragged the markets. What's your view for tomorrow's expiry?
Nifty Trade Setup for 13 JUL 2022 Nifty is bearishly aligned for the day and at this point of time is expected to open with a gap up around Bearish Reversal Zone. Any rejection trigger from Bearish Reversal & compromise of CPR we can expect Nifty to test the Bullish reversal zone & S1 & may be lower targets as marked. Any Rejection from R1 on opening we can...
Nifty > SGX Nifty indicates a positive start, but the global market does not support it. My opinion is that the market may take a pullback, but it won't sustain. If the market sustains the top, we expect a pullback continuation.
Why It is hard to Hold a winning position. ? ---------------------------------------- Suppose You took a trade ,bought 100 quantity at price 100 , with a SL : 80, and Potential target of 120, Now what happens it goes up to 105 (you think your analysis is good let us wait) Then it come back to 100 went further down till 90 (you thinks it is ok we have to give it...
Hey everyone! 👋 This post is just for sharing knowledge about Future and Options strategies, First of all, one should build view (bias) on market direction, it may be bullish, bearish, sideways, or there may be some events too, like budget day or quarterly results seasons or may be something else, once view is built then what are the ways to apply futures and...
Hey everyone! 👋 Do you know that you can add images to your TradingView charts? That’s right! We have prepared this visual guide to help our awesome users customize their charts by adding images! Sounds good? Let’s get started. 🚀 There are 2 ways to add images to your charts: 1. The good old copy-paste method 2. Using the “Image” upload option Method 1:...
Hindunilver is looking strong and showing good recovery after long consolidation. Whole FMCG sector looks strong right now.
Nifty next Level : Resistance - 16170 -16200 -16325 Support - 16000 -15930 Nifty seems Bullish for Next week but need to wait and watch Friday & Monday session. i am assuming flat opening for tomorrow then will see Reversal from Resistance area which is 16170-16200 towards 16000 level.
The markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc. Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%. Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from...
#GODREJCP (D):- CMP 832.25 Looks Good above 846/850 For More Upsides :)
As per my personal experience the following are the most primary reasons for failure in trading - applicable to all types of new traders and all the markets. Well! this is not an exhaustive list but the most reasonable one. 🚩 No Plan of Action Trust me on this one, most traders fail to build a plan of action and fail. It is not only true for new traders but...
The greater the difficulty, the more glory in surmounting it. Skillful pilots gain their reputation from storms and tempests. - Epictetus. Hey everyone! 👋 This week, we thought it would be interesting to dive into a less-commonly discussed topic: performance psychology - and discuss how it relates to Trading. Specifically, we're going to look at the following...
Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)). Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs. If the price breaks down the parallel channel,...
A major forex pair, USD/JPY, is trading at highs it hasn't revisited since 1998 & 2002. As it rises, the value of the Japanese yen keeps dropping. Already at "historic lows," how much lower could the yen go? The thrust from the wave b triangle is still unfolding.
banknifty > BN having range bound structure. So the market may take consolidation from bottom to top.
In this chart I have explained my rationale using Moving averages, relative strength and RSI to initiate a buy on this scrip. I always use a weekly chart to check for overall trend and analysis and based on it will initiate a buy on a Daily chart. Explanations are given on the chart. The idea is get the maximum conditions in our favour for a profitable trade....
Hi all, it's been a long time since I posted an analysis on Nifty. If you haven't checked out my last idea, be sure to check it out to get a better understanding of how the price moved in the last one month. Let's see how the price is moving now and what all we should look at! - The price gave a clear down move from 16800 to 15200 level, without any...