As Index moves higher approaching resistance trend line with RSI above 80. Small intraday dips are being bought and somehow index management is going on. The risk reward for Long becomes very unfavourable at these levels.
Immediate resistance at 13880-13920 and if index manages to stay above 13600-700 for upcoming sessions then we may see one more attempt...
BTC/USD analysis: No major signal received yet.
While using the main indicators we use for all markets,
and when looking at the 15-minute charts for BTC/USD,
we are not able to detect, on this time-frame,
a clear indication of a major long or short trade.
However, we keep trading BTC/USD using short-term charts
like the one included with this...
Nifty started exhausting near 11600 zone.
Weekly and monthly chart showing signs of Bearishness.
Last time the index failed to breach 11600. For Risky Players can create a short Positon near 11475-11500
with Sl 11620.
Target can be 112020/11000/10880/10550 on a Positional basis.
The analysis will be null and void if Index close above on 11620 on Weekly basis
This pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards.
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
possible upside target of nity. long term and short term trendline are almost meeting at the same zone. we may see resistance here. Break out of the trendline will take it higher but failing to do so we will see some correction.
S/R levels for nifty as nifty is at major level of support if it comes near resistance go short that will be with trend , and if you see any kind of bullish price action near support go lomg. trade as per your own Risk appetite.