FINNIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Index
Nifty 50 - What Next?The chart is self-explanatory. On daily time frame, the index has formed a head & shoulder pattern. If gives a breakdown, it may come around 24000. If gives a bounce back, we will expect to retest the gap area upside around 25670.
What is your opinion, please share if you wish.
This is only for learning and sharing purposes, not a trading advice in any form.
All the best for your trading journey.
NIFTY | Possible support after mega fall ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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NiftyIT - CNXIT - Weekly -Cup and HandleNifty IT Weekly analysis of the Nifty IT Index, showing a Cup and Handle pattern
Key Insights:
Cup and Handle Pattern:
The pattern began forming around mid-2022 and completed by 2023.
The breakout from the handle occurred around 38,539.00, which is a critical support level now.
Measured Move and Target:
The chart projects a potential upside target near 51,077.75, based on the height of the cup.
A 48.01% gain from the lowest point of the cup is also marked, giving more context to the potential upside.
The measurement from the cup's bottom to the breakout level shows a 32.48% gain potential from the breakout point.
Price Action:
The index reached a recent high of 43,645.90 before pulling back slightly to 42,089.30.
The pullback might be a healthy consolidation after the strong upward move.
Support Levels:
Key support is identified at 38,539.00, which was the breakout point of the handle.
The chart shows another strong support level at 26,164.20, which was the bottom of the cup, though this level seems far from the current price.
Conclusion:
The Nifty IT Index appears to be in a bullish continuation phase after breaking out of a multi-month cup and handle pattern. While the target of 51,000 seems plausible, a healthy pullback or consolidation might occur around the 42,000 to 38,500 levels before further upside.
The CNX IT (Nifty IT) index consists of the major IT companies
Here's a list of the top stocks that are generally part of the Nifty IT Index:
Tata Consultancy Services (TCS)
Infosys Ltd.
Wipro Ltd.
HCL Technologies Ltd.
Tech Mahindra Ltd.
L&T Technology Services Ltd.
Mphasis Ltd.
Coforge Ltd.
Persistent Systems Ltd.
LTIMindtree Ltd.
Tech-Finance Synergy Could Boost Nifty This Week!Nifty It NSE:CNXIT
The IT index has been in a consolidation phase for an extended duration and developed a Cup & Handle pattern.
After breaking out, the index has effectively retested the breakout level and is now on an upward trajectory.
In the past week, the index gained approximately 3% and is showing robust strength, with expectations for further upward movement.
Nifty Private Bank NSE:NIFTYPVTBANK
The Private Bank index is currently experiencing a positive upward trend.
It previously established a Cup & Handle pattern, and following a breakout, the index saw substantial gains, consistently recording higher highs and lows.
After hitting an all-time high near the 26,650 level, the Private Bank index retraced to its immediate support zone and is now rising once more.
With a significant increase of almost 2.7% last week, the index seems to be in a bullish phase at present.
NIFTY... ELLIOT WAVE COUNTING... BULL TREND STILL INTACT!The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon.
This progression can be clearly seen in the chart. I am optimistic about seeing the Nifty reach 26,000 this year.
Remember, the market is supreme, so trade cautiously.
Banknifty Trend Report Hello Everyone 👋
Today Bank-Nifty Try to Break High if Bank-nifty Break High so we need to cut our Down position.
Give me Some Time Today We upload Some Levels So you Can I Easily Identify Trend.
1.Bullish Shark Harmonic Pattern: The BANK-NIFTY chart currently showcases a Bullish Shark Harmonic Pattern forming within a rising parallel channel. This pattern suggests a potential bullish move, provided that the price holds above the crucial level of 50,149. That level should act as a strict stop loss.
2.Recent Trend: On August 14, there was a trending move. The price consolidated in the morning for a few hours and then started to fall. Currently, the price is at a support level, and it can either move up or continue to fall. The trend direction is still deciding, so keep an eye on it.
3.Long-Term Investment Considerations: If you’re considering long-term investment in the banking sector, consider Bank Nifty ETFs. These exchange-traded funds offer easy diversification and flexibility.
Banknifty is at a key support level—will it rebound?
In recent months, the bank index has been on a remarkable upward trajectory, consistently achieving higher highs and higher lows.
After reaching an all-time peak close to 53,350 (specifically at 50,358), the bank index experienced a correction.
At present, the index is hovering around a significant support level of 49,750, which also aligns with the trendline support visible on the chart.
There is a strong expectation that the bank index will bounce back from this point and resume its upward trend.
However, if this support is broken, the next level to watch will be around 46,000 to 46,300.
To regain its bullish momentum, the index must overcome the immediate resistance located between 53,000 and 53,350.
Nifty 50 By KRS ChartsDate: 1st Aug 2024
Time: 9:12 AM
What is going on in NIFTY 50 ?
1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too.
2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe.
3. There are clear supports and Resistances are visible in Nifty 50, Today is open with Gap up and Breaks 25000 level for very first time.
4. Nifty can clearly go for 25226 but also it can reach above bigger Resistance too.
Nifty Pharma: Displaying Strength at the Summit(1) The price has been consistently trending upwards over the past year.
(2) Following the breakout of the Pole & Flag pattern, the price surged sharply.
(3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally.
(4) After 3 months of consolidation, the price finally broke out and started moving upwards.
(5) The price is currently at its all-time high and appears poised to continue rising.
Nifty FMCG - Price Action Indicates Robust Growth
The chart clearly indicates that the index is experiencing a robust uptrend.
Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out.
The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation.
Despite attempting to surpass the resistance level, the price failed.
Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend.
Additionally, the current RSI is above 60, indicating the strength of the index.
Key Levels to Watch in BankNiftyBankNifty is showing signs of weakness. To achieve new highs, it needs to close above 49,975 on a weekly time frame. If it fails to do so, we may see a significant decline in BankNifty.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
BankNifty Trading: Reacting to India VIX VolatilityAs the India VIX, a measure of market volatility and investor sentiment, experiences fluctuations, traders often anticipate corresponding movements in the BankNifty index. Given the inverse relationship between market volatility and stock prices, heightened volatility tends to coincide with potential corrections or downturns in the market.
In this scenario, traders may seek short positions on BankNifty to capitalize on potential downward movements. However, it's crucial to exercise caution and conduct thorough analysis before initiating any trades. Consulting with a financial advisor or a seasoned trader can provide valuable insights and mitigate risks associated with speculative trading strategies.
While trading BankNifty based on India VIX movements can present lucrative opportunities, it's important to approach the market with caution and employ proper risk management techniques. Markets can be unpredictable, and unexpected events can quickly change the trajectory of trades. Therefore, conducting thorough research, staying informed about market developments, and seeking professional guidance are integral to successful trading endeavors.
Remember, trading involves inherent risks, and past performance is not indicative of future results. Always trade responsibly and within your means, and consult with a qualified financial advisor before making any trading decisions.
Nifty Metal - Breakout Setup, Move is ON...#CNXMETAL trading above Resistance of 8747
Next Resistance is at 11523
Support is at 6740
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Make Or Break Zone in NiftyNifty at Crucial Support zone or we can say that it's make or break zone if nifty hold the support today then we can see the upside rally in near future or if Nifty breaks the support and close below the make of break zone than we can see the downfall in near future ...
I hope this will help you to make your decisions accordingly however this is educational purpose only ...