RSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci. The index could be volatile in the range of 6840 to 7300. The constituents could experience high volatility in the coming week. A fresh trend is formed above the level of 7300. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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SAIL is breaking resistance which it has tested in last couple of days. SAIL should be bought at 151.5rs. For the TGT of 180rs. SAIL is an government company so there is no fear of financials as such now. If it fall from this level we can still average at 135rs.
Guys... I am sharing my analysis of Nifty over a longer time frame. The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle. This primary cycle runs in smaller intermediate waves. Wave 1 started on April 2023; Wave 3 from November 2023; Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May...
NSE:NIFTY ◉Technical View ▲The up-trend started to lose its strength a few days back and formed a rising wedge price action. ▲The Rising wedge broke down from the trendline + Neckline and gave a good closing also with RSI confirming the Bearish Structure. ▲2nd confirming structure is double top, I always say location is important more than the structure...
A trend line support broken yesterday most probably price will retest, act as resistance and go down. 50 EMA is also on this level make it as strong resistance. if broken market will go till 22300. be careful, be watchful and enjoy the trading. I am not SEBI Registered Advisors. This Idea is purely for training and educational purposes. I shall not be...
nifty made a new all time high and today it gave the highest closing ever 21950-22040 support while next level to watch on higher side @ 22210-22240 Support came from Banking, IT , CPSE, Chemicals etc
Bank Nifty is in good Support zone Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15. Reason behind the reason: Volume was very not supporting the price. Also MACD was indicate downtrend for the day. If we see Option data at the time of price increase but...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock 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...
this research is the based on the past data of the market and at this levels reactions of market. channel of trend is uptrend on daily basis. and looking channel is nw high of market or near the all time high of market. we can consider this research valid till mid of December 2023. level 1 44400 -44600 level 2 44950-45202 level 3 45890-46265
N50 is ready for new highs because... constant bulls (fiis and dis) interesting in indian market and stocks buyings. we will see soon N50 above 20700+ soon might be this is possible end of this year 2023. Election results in the favor of current central government..that will create positive impact on investor's (fiis & Dis) and market too..
NIFTY 50 upside have 100 -150 point have upside. but need to cross 19800 ,we seen rejection on that points .
19784-94 ENTRY LEVEL with the high of stop loss like 40 -50 points but wait n watch then . level 1 19720-40 level 19750-70 and above
entry level for long above 44250-270 stop loss level near / below of yesterday low i.e 44160-150 below target zone is if break yesterday high and add more 200 + points(44400-44600) but carefull expires and all
Examining the Sensex's trajectory from 1980 to 2023 indicates that we are currently in the early phase of a larger bullish cycle, specifically within wave 1 of the broader wave 5. Anticipating a temporary decline before a potential resumption of the overall upward trend in the Sensex.
total risk based entry here from fibo support level towards tgt 19400 disclaimer - trade at own risk
I am aiming for sells now. I am looking for 19223. Buyers are taken out completely
Upside Trade Zone: If price sustains above the level of 19678 then it could move towards 19715 and then 19745. Downside Trade Zone: If the price gives a breakdown of 19678 and sustains there then we could see the levels of 19617. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy...