Little bull is expected in NIFTY50….Elliott Wave Analysis:-
Flat correction taking place.
Slight bull is expected before a fall (or)
This may be beginning of a bull run for a short period of time.
We have to watch the wave formation.
I am not a SEBI registered advisor.Before taking a trade do your own analysis or consult a financial advisor.I share chart for education purpose only.I share my trade setup.
Index
Raise / Fall in NIFTY 50:- updated viewElliott Wave Analysis.:-
There may be a Pull back for 19886 -19960.
We have to wait and watch the wave formation
i'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
Nifty50 Support Resistance 13sept2023 For Nifty 50 if You see nifty50 you Find Market Rejection From the High 20100 and the Market Today traded at 20000 Levels As In my View Market is Bullish.
If the Market is Again trades 20050 then the Market Go up. .
AS Per OI Support Resistance
CE Writer 20100 High As Compare PE
And nearby Resistance 20000 CE
big Support Levels 19900/19800
Bank Nifty (Neowave Update)Hello Everyone
Its been a long time since i made the last video, well we are starting our video analysis with bank nifty. Any way i have mentioned all the details in the video. If you have any other query than let me know.
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Nifty : Initiated Long Position.As per our previous analysis long position is initiated
As said SL is below yesterday's low ie 19435, that is 125 points loss 50 x 125. But if sl is triggered then to wait for 1hr before closing position.
Target is 20000, + - 150 points that is 50 x 400 R R R is 1: 3.5
So trade according your risk capacity.
If one can't take risk it is advisible to buy option , and if can't take premium risk too then FnO is not for you.
NIFTY FORMING GRAVEYARD DOJI.As said in previous analysis , Entry in Nifty depends on break above or below triangle pattern, where resistance line is also placed.Today long entry-level was well above triangle and resistance line, but nifty had given only 50 points move above triangle. Hence it was not worth going long at this point of time. Nifty also had not showed proper trend reversal on long as today Nifty had made graveyard stone pattern which is formed at end or beginning of rally but confirmation is required.
Conclusion
Buy above today's high ie 19550 and sell below today's low ie 19435
NIFTY REVERSED FROM SUPPORT LINE.Sale was given below 19180 but nifty reversed from 19255. Nifty made high of 19458 , 200 points rise from low is decent gain in nifty, this makes nifty in notrade zone and stucked in 200 point range. Buy or sale decession will depend on brake of this levels comfortably.
Conclusion
Wait for direction.
NIFTY 50 STANDING ON SHOULDER. Nifty had completed H&S pattern
20 Dema crossing below 50 Dema confirming sell signal.
0.236 Fibonacci support contracts with shoulder line and support resistance line
Conclusion
If nifty break below support and shoulder line I.e 19180 then 0.386 fibonacci levels can be achived.
Sell below 19180 for 18700 trgt.