Still 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!
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....
Zones 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,...
*MERRY CHRISTMAS To All Traders*
Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame. Dont be a Bull. Dont be a Bear. Just be a Hare.
PNB 15 min chart but uptrend in 4-hour timeframe waiting for a clear retest around at 65/- but I can see that the stock has extended long towards downtrend and I am seeing some bullish pressure
Will be a clear buying opportunity above 66/-
Waiting for a clear confirmation in a lower timeframe.
BPCL formed bearish pinbar on weekly timeframe last week , yesterday it broke resistance and took retest to move down
my target in BPCL is 466/- next support
Hello everyone. Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame.
Dont be a Bull. Dont be a Bear. Be a Hare.
Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame.
Dont be a Bull. Dont be a Bear. Be a Hare.
Amibroker indicator with the zones also available for free (for Index and Stocks)
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame.
Dont be a Bull. Dont be a Bear. Be a Hare.
Note: 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.
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...
Stock 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...
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