Here, is the chart of Banknifty Future....
You can long only after the closing of the 15 min. candle above Rs. 45060.... upto the resistance mentioned...
As Per Techincal Analysis Market On Week High and as per day candel also markets at high levels
As Per My Point Of View Market Need to Retest Downside Againt or Wait 2 3 days then breakout will be strong otherwise market can fall.
Support Resistance For Tomorrow
If the Market Opens Gapup Above 46315 then wait for sustenance or wait for retest previous...
BankNifty is currently positioned at a pivotal point, presenting traders with a potential opportunity. From a statistical perspective, the presence of a head and shoulder pattern at an all-time high often indicates a forthcoming correction. If this head and shoulder pattern is invoked, we could witness a correction ranging between 1500 to 1900 points in...
That was too much of a rally for wave 4. Shorting for a 1:4.5 risk-reward trade.
Target and stop loss are mentioned in the chart.
Expecting wave 5 to fall stronger than the up move.
Hello Pivster's ★
•As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone.
•But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300.
⇲ My Pivot Auction Chart is posted below for reference:
Now that we have a general...
The index is exhibiting the bearish divergence on the hourly timeframe. It is already quite extended and is also now forming dark cloud cover candlestick pattern which is a bearish pattern. There is also a resistance here on the daily charts. All put together looks like a good short sell.
Hey Pivster's
So, as we know today was expiry for NSE:FINNIFTY1! and market had open with a bullish sentiment at the early hours of the opening bell with good buying force seen in initial minutes of the market as OPEN=LOW too.
Buying force was submerged as the first 15min candle closed above the reversal camarilla pivot level H3...after that buyers were not...
15 min TF:- We can witness rounding bottom breakdown. One can enter for short side during retest level if we break today's low as R:R will be favorable. Also we are trading in a range for a quite some time. Range Break also give good trading opportunity. Levels are marked on Chart.
triangle formation in intraday 15min candle in nifty
watch out for break triangle
most of chances to breadown side
but keep in mind if price break up go for buy or CE
if Breakdown go for Sell PE
18647 (crucial level) is important support for Nifty
Attached: Nifty 50 Daily Chart as of 19th April 2023
In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things:
1) Trend Lines
2) Fibonacci Retracement
3) RSI
This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation:
- Notice how Price has reacted around the Trend Lines and the Marked...
Attached: Nifty Futures Daily Chart as of 24th April 2023
SELF EXPLANATORY Chart (all the different colored lines are Anchored VWAPs)
Price has closed above AVWAP from 13th April High (recent Swing) and is all set to head higher from here for POC @ 17900 (Volume Profile concept)
Study was shared yesterday expecting reversal in Bank Nifty Index
Noticed so many famous people talking about Market crash etc. yesterday , here is BankNIfty attempting to recover despite all the bad news around.
Disclaimer: View for Educational purpose only and not to be taken as any trading or investment advice.
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) of Elliott Wave analysis, but they may or may not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 almost all the time...
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...
NIFTY
Daily chart analysis
Nifty breaking down the rangebound movement on daily time frame
Overall nifty is being in downtrend on daily charts
May some ups and down in Nifty next week as budget may affect the volatility
This chart is only for educational purpose. Please do contact your financial advisor before taking any trades
