View For NIFTY 1-3 MonthsStill trading inside an upward sloping channel, which indicates further downside.
Got the entry at the top of the channel, lets see how it behaves at the bottom. If we are to correct even further, an impulsive break from the lower channel is required.
Bearish stance on NIFTY begins!
Indianmarket
Nifty May come to fill the gap
Nifty took support at 61.8% today and may come to 78.6% or go higher. Not seeing any massive movements soon.
There is a small gap below, It may come to fill the gap (12259-12287) very soon. Also harmonic pattern suggesting a downside movement must happen for it to blast up.
The big gap will have to wait for a crash in future to get fulfilled. I hope post budget. Let's see.
Buy near 12133 with stop loss near 12100.
NIFTY INTRADAY for 13 Jan.20Zones are mentioned on chart.
Newbie's takeaway:
India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am, there is something particularly wrong about your understanding of even the basics of the technicals of the markets. And I believe there's nothing wrong with that, just start with kindergarten again, read books, a lot of books! (not on technical indicators, but on technicals of markets, cycles or phases of markets, the psychology behind a spinning top or behind one day's gap up opening followed by next day's gap down opening).
Long story short , You and I are rivals (that's how it is practically, right?). So, if you dont understand the game we are playing, how can you even think of a way or a method to beat me at it??
my "ONEPIECE is real!!" wala speech :p
Something Fishy is going with USDINRStock Market is turning around.
With all the bad news quite for while. But on technical front, after the release of MPC by RBI and considering the USDINR rate at 71.30 for analysis purpose. The rupee has started depreciating to new levels.
After breaking the levels of 71.20 -- USDINR is moving ahead for the immediate Resistance range of 71.60, 72.10 and 72.40 levels with the Support range at
71.25, 70.95 and 70.58
Please be cautious with your trade
Investiture.in
#investituredotin
BankNifty Intraday for 5 NOV,19Note: Please note down the levels and trade on 3 or 5 mins timeframe. The results are substantially better.
My analysis results in formation of zones on chart which can be used to get proper entry at the begin of any intraday trend which usually is reversal in the direction of the symbol.
Any suggestions are most welcome in the comments.
Is it a Cup Pattern in Nifty?Nifty has break all its major resistance levels and trying to test its major high levels.
With Technical levels it looks like it is trying to make a Cup with Handle Pattern. So Be cautious with your trades.
This Diwali we might see the new levels of Nifty. But still who know the bad news.
So have a strict SL of 11470-11490 Range.
Or buy if it gives opportunity at such SL levels with the Support of 11395 Levels.
For the New Target of 11900 and 12200 levels in the coming weeks
By
Investiture.in
Is USDINR Traping us?With Fundamental Slow Down in the Indian Economy accompanying with rising Global Slowdown and Trade Wars.
Dollar Index is Touching New Highs and with no major moves in Indian Currency giving us a big trap signal on each fall in the USDINR or the Rising Rupee.
One can Long USDINR at 71.15-71.20 Levels for the Targets of 72.40, 73.25 and 74.57 in the coming months with Near by support ranges of 70.64, 70.54, 70.32 and 70.08
TATAELXSI Long Setup [Intraday]NSE:TATAELXSI Possible reversal buy opportunity based on 15M demand zone at 634.20 with SL at 631.5 and three potential targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly