Nifty ShortNifty has formed a bearish bat pattern id stays below 17750..
Also Cloud resistance can be seen on daily on ichimoku.
Drop can come to 17350 200 levels
stop loss 17750 above
Ichimmoku
NiftyOn weekly Charts nifty looks at suppor on cloud.. Looks like can give a reversal from here..
Buy with stop loss of closing below 16850 or 16950 if less risk..
targets 17350 17630 17890
HOW TO TRADE IN ICHIMOKU INDICATOR Greetings. Tradors,
Today we went to the ichimoku indicator and will tell that in perfect.
We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen.
When the blue line crosses the red line upwards, the movement of the market is up
And when the blue line crosses the downside of the red line, the movement of the market will be down
1)ichimoku
2)kijunsen
3)tenkensen
Thank you.
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MARUTIMaruti in the very short term looks weak within a sideways corrective which suggests it could test 6800-6700 which tallies with a bullish Harmonic pattern as well as Ichimoku Kumo support provided it does not go above 7350. Near the suggested level of support it could resume a medium term uptrend.
NiftyWeekly range 11300-11750. Narrower range 11375-11625. Looks more likely to be a range bound week than a trending week.
ASHOKA BUILDCON LT LONGNSE:ASHOKA
Only for education and information purpose. Should not be taken as a trading call
IN this script we may see its trading in a channel and as it's now taking the support of the lower channel along with the previous demand zone supported by the formation of a harmonic pattern so we may see a good move upside where probably resistance will be from 128 to 134 and then at 144. for more such knowledge msg me on trading view. or twitter.
CHART BY HARMONIC LEARNING AND EARNING
Nifty: Early Signs of StabilityNifty 50 index managed to close on a positive note yesterday. In this 15-minute chart, the price is current positioned just below the cloud. A breakout and retest of this level could push the index to the 75-minute resistance level of 8,065.
A close above 8,065 in the 75-minute chart would be a strong signal of a possible short-term rally to 8,250-8,300 zone which is the major resistance in the Daily time frame.
Key levels to look forward to is 8,065 in the 75-minute chart. The recent low of 7,888 becomes the key reference point on the way down. As long as this 7,888 is not breached, a pull back to 8,250-8,300 is not ruled out.
But, let's take one-step at a time and watch what price does at 8,065.
