buy level- 1030 to 1060
target- 1100- 1140-1175 & all time high 1348
time 2-3 months
return more than 25%
KAUTILYA can recover Your losses with Quantitative analysis and grow the CAPITAL
NOTE – EDUCATIONAL PURPOSE
(Consult your financial advisor before any decision)
⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk...
Nifty View: A disappointing close for benchmark Nifty index in today’s trading session - down over 100 points to close the recent gap with which it had broken above 15K. The index is now back to the zone of (14,900-15,000) which earlier had acted as a strong zone of resistance and now we are expecting support. If this 100-point range holds, then there is a big...
Try to short (downtrend & correction not yet done in the weekly chart)
4.The gap can act as a resistance
6.possible reversal zone
7.Banking sector looking weak(like high weightage stock like HDFC bank, ICICI bank.....
Disclaimer: Please consult your financial advisor,
Nifty could open gap up and try 15044. if crossed and sustain we can see 15100-15133.
High chances to open gap up & fill the GAP
Dtd 10th May 2021 : TheCharts
No Trading Zone between 14851-14766
Resistance 14953, 15044
Hope, Everyone made a good profit today.
You see that there is a gap that Nifty Filled and then reverse.
So for Tomorrow there is a simple Strategy.
If a Nifty go upside above 14700 we will buy CE 14900.
If a Nifty goes down below 14480, we will buy PE 14400
In Gap up or Gap down Opening, we will wait for the right time to trade.
Learn More Earn More✌️
Taking support around 355-357 (50 Day EMA)
also filled gap at 355
Buy above 365
Target- 385, 408, 427
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
NIFTY HR TIME FRAME :
Since the end of January 2021 nifty was in uptrend and after in late mid February ;Nifty turned sideways. Recent up move showing positive market structure with "higher high"(HH) and "higher low"(HL) pivots. But these pivots are overlapping ;suggesting me to be cautious to take long position in nifty. But I still keep my bullish stance...
This is purely for educational purpose only, trading gaps are high risk high reward.
It gives us a reason why a particular stock/index bounced from a particular price.
If you think any gap in Day TF is imp. just mark it and see how it goes before trading them.
Due to the earnings declaration the prices were hammered, and hence was opened as gapped down,
Reasons For Selecting:-
1.Trendline acting as a support
2.Stock respecting Fibo levels
3.Double bottom pattern
placing a stop-loss @ 375,
Followed by the Targets 1 & 2