NIFTY COMPLETED BREAKOUT PROCESS.Inco ti uation to last a analysis, nifty new uptrend support line is confirmed. Last two days niftywas trading above three days lower high. Break above 3 day lOH means NR3. NR3 is a very comfortable indicator to know the future path. Also said that new higher low line is beginning. Today's break above e yester days high has confirm the higher low formation . Now this new higher low has become a strong supported trend line. Long was given in previous analysis. So continue to to ride the profit with SL below higher low.
Index
DOW CONTINUES TO FACE RESISTANCE As per previous analysis Dow had not broken cross resistance as discussed. Today last 3 hrs on 15 min TF Dow is struggling to break lower high trend and uptrend parallel line. Point to take is cover shorts above today's high. Parallel uptrend line (yellow) which had started from 2017 is a long-term uptrend path of Dow. Parallel channels are also path Iindicator of index which trade in all seasons of economy. Index trading above the Parallel is to be taken as expensive and due to sudden change in economic or fundamental activity/news. It latter need to correct. So entering long above the path is not suggested. But for safer side short should be covered. Or hedge should be taken. Trading in option is not easy job. It needs experience and expertise. Next view will be after Dow decides where to be ,above channel or below channel. Also said 0.318 and 0.500 levels are target if Dow holds resistance, that view is open till now.
Bank Nifty Futures Levels for 7th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Follow the chart in 5 min and 3 min time frame also
NIFTY LEVELS 7th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Follow the chart in 5 min and 3 min time frame also
DOW RESPECTING 50DMADow as analysed had reached 50Dema where 100points are in pocket. From here Dow can take support at 50 Dema. Booking 50% is good idea. Rest can be carried forward with trailing SL. Dow can come down to meet 20Dema if 50Dema is broken. Normally 50Dema is good support but 20Dema is below 50Dema which suggest a sell signal. This trade is very eassy as price has ran above sell segnal ie( 20Dema crossing below 50Dema ).
Nifty Futures Levels 6th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Follow the chart in 5 min and 3 min time frame also
Bank Nifty Futures 6th June 2023 LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Follow the chart in 5 min and 3 min time frame also
DOW : SHORTS WILL BE REWARDED.Previous analysis it was given to hold as Dow was on cross road of uptrend channel's and lower high trend line resistance. Yesterday after spending 30 min near resistance it gave up 200 points. Dow had respected the cross road resistance.Now from here keeping yesterdays high as SL, one can short Dow. Support could come at triangle " B " where 0.382 fibonacci level is placed @ 31100. The reason for going short with 200 points SL is
1 Any given stock / index always trade in line of support and resistance and in this process Geometrical shapes are formed. Father of stock market Mr Wilbert D Gaan have heavely relied on geometrical pattern.
2 If we see after yesterday's fall it seems Dow is on way completing triangle "B" which is 1/2 of triangle A+B. Triangle "A"being lower part and B being upper part. Lower part is complete and upper part is under construction.
3 It can be seen that after 700 point rise and 200 point fall this triangle B started looking incomplete, which will be complete at Point H.
4 but before it we have fibonacci support of 0.382 level @ 31100 and then on upward journey at 0.500 fibonacci level @31700
5 This a Analysis will be void if Dow starts trading above lower high trend line.
Nifty Futures Levels 5th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Banknifty Futures Levels 5th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
TATA STEEL LONG Tatat Steel on weekly chart had started H & S pattern from Dec 2021. It has completed Left Shoulder and Head and is on way to complete Right Shoulder. During this process 108 has become important Pivotal line and 3 years it is trading is between 155 to 80 range. Near Right Shoulder range has reduced to 122 to 102 (from 50% to 20%). Today it had completed Red Inverted Triangle within Right shoulder Any break above Inverted triangle will take Tata Steel to 115 (which is neckline) where it will complete H & S pattern. Above neckline Resistance could come at 120 where price meets at uptrend support and resistance line.
Conclusion.
Range could expand from 20% to 50% (102 to 155)
Above 108 H & S completion process is verified and so price could reach 115 Rs. which is neckline. Above Neckline resistance could come at 120 as it is price meeting at uptrend support resistance line. If 120 is broken on upside with volume, then 155 should be on browser.
This is weekly chart and views are taken from dec 2021 onwards i.e., 3years, targets archivable is also for long term more than 1 year. It requires lot of patients to hold for long term. %0 percent profit can be earned in 2yrs tine.
Bank Nifty Futures 2nd June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Nifty Approaching Support.Evening star Candlestick Pattern is going good with short sellers. Nifty in morning was not able to cross yesterday opening value of 18594, and gave up 18550 after trading near it for 2 hrs. Again by 1 pm nifty tried to cross 18550 level and after 30 min Nifty again broke 18550 level and closed below 18500 at 18486, which is was yester day low. From all this we can analysis that
1. Nifty is correcting it's up move from 18000 to 18660.
2. Nifty has closed near yesterday low means undercurrent is negtive and can move further down.
3. 20 day EMA is placed at 18350 and is meeting uptrend green line at 18350. This makes good support
for nifty near which short position can be closed.
4. MacD is in neutral position and is above 0 line. Which suggest side ways movement.
5. Gap b/w 20 DEMA and 50 DEMA is 450 points, if 20 DMA is broken on down , then 17900 should be
on brouser in next week. Again short should be initiated or old position be continued with trailing
100 pts SL if 18350 is given up. If not then short should be covered. And long position should be
initiated, if 18350 is not given up for 1 hour. Remember Nifty has not broken green up trend line,
which suggest nifty is in up trend , but this down fall should be taken as correction and not trend
reversal until lower high is broken.
BANKNIFTY FURES LEVELS 1ST JUNE 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Nifty Futures Levels 31st May 2023Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me.
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Bank Nifty Futures Levels For 31st May 2023Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me.
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
NIFTY FUTURE LEVELS 1ST JUNE 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Dow: Taking support.Continueing hour earlier analysis, it is observed further that in above 15 minute time frame Dow had reversed from red downtrend line. MacD is above signal line on 15 min time frame. Given risky trader should wait for 30 min for Dow to trade below 32750. Dow had given low of 32739 on 15 min candlestick and from next 15 min candlestick has bounce back. This simply means buying is emerging at given level(32750). This is third time Dow had reversed from this level. Risky traders SL is not yet triggered and can continue with long till 32750 is not broken { Now SL is reduced to 32700 as low is 32739.)
Rest long and short entry remain same till this point of time. Today's close will give us clear picture.
NIFTY : IS HISTORY REAPETING ?As said yesterday nifty, if there is gap down then Abdon baby pattern is confirmed , but looking at todays on going candle stick pattern it seems to be evening star pattern. ( not completed). Evening star pattern is formed when index/stock opens at yesterday close and continue its journey down wards. It is also a reliable pattern. Nifty can move up also tomorrow or day after. Bu point to be noted is Nifty is in process of making Top. Given to go short below 18550 which is triggered. SL will be yesterdays high. with trailing SL of 100 points. SUPPORT COULD COME NEAR GREEN UPTREND LINE.
Nifty Levels for 30th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.