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NIFTY DAILY - 15/2/2024 The Nifty traded in a narrow range throughout the day and formed Doji candle on the daily chart. Which is indicating indecisiveness amongst the participants. Candle is closed above 9 days Simple Moving Average Line. We may see resistance at 22115 level and support at 21748 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 13/2/2024Nifty opened with negative note but bears were not able to sustain in the market. The bulls attempted to stretch their arms for the session and made high of the day that is 21766. Index has form green body candle with long lower shadow and upper shadow which indicates bulls are buying from lower end. Another candle is closed below on 9 days Simple Moving Average line. Index may find nearest resistance at 21912 level and 21632 will work as nearest support level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY 12/2/2024Indian shares settled lower in today’s session and formed bearish candle with upper and lower shadow. Which indicates bears were aggressive and took Nifty to low of the day that is 21574. Today's Candle is closed below 9 days Simple Moving Average line. we may see bear run till 21515 with resistance of 21747 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 6/02/2024 Indian indices open with negative note and made days low that is 21737.55 but after wards bull’s takeover the market and made days high that is 21951.40. Index has form green body candle with upper and lower shadow which indicates Buyers were buying from lower end because lower shadow is long as compare to upper shadow. MACD has given Crossover which shows bullishness into market. Candle is trading above on 20 days SMA line. we may see bullish run till 22124 with support of 21893 level.
NSE:NIFTYLong
by radha_23
Chambal Fertiliser Weekly ChartChambal Fertiliser Weekly Chart Breakout Possiblility Chambal Fertiliser Breakout will be possible if this Stock Closing above @291.50 on weekly chart and sustain. :: Data Point :: Breakout Level: @291.50 Target 1: @312.00 (Fibo 23.6% Level) Target 2: @350.00 (Fibo 38.2% Level) Target 3: @382.00 (Fibo 50.0% Level) Stoploss: @260.00 It can be decline if Stoploss Hit, then it would come down towards Support Zone approx @207.00 Note: -Price traded above 200 EMA. -Good Volume showing in Weekly and Daily timeframe. -Decending Triangle Pattern happend.
NSE:CHAMBLFERTLong
by sandipdutta1983
Nifty: How September series start looks like19480-19460 played a vital role in Aug series and so did 19385 in the last 2 trading days. Directional trade can be taken once Nifty decisively breaks 21 day EMA or 50 day EMA. A few days back when Nifty closed below 50 day EMA, it bounced back immediately. Now again Nifty has broken the 50 day EMA on Expiry day. Is this a knee jerk reaction or is the breakdown real this time. If Nifty struggles to go past 19320 odd levels on the upside then it could indicate Bears trying to make a grip on the market. On the flip side, avoid selling above 19320 odd levels. Till the time Nifty is below 50 day EMA, chance of downfall towards 19030 / 18951 odd levels is on a higher side. Important levels which may act as Support and resistance for the day Imp levels on the upside 19320 / 19438 / 19487 Imp levels on the downside 19193 / 19152 /19080 Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
Jublingrea RangeboundJublingrea has formed a beautiful upward channel and is rangebound with a buy at low sell at high and sell at high buy at low move. It has pulled towards trend line on low volume. This is a risky trade as if the lower trend line breaks, the move has come to an end hence I would suggest risking less than what you usually risk at first since risk to reward is 1:5 making it an A+ setup. We should position size.. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Add to more positions once 50EMA breaks and tighten the stop loss. Keep It Simple
NSE:JUBLINGREALong
by Krish_Kohal
Analyzing BANKNIFTY's Potential Reversal: Technical Insights andBANKNIFTY seems to be forming a Head and Shoulders reversal pattern at its peak. If it breaches the neckline around 44500, a considerable downward movement could follow, potentially targeting the next support at 43300. The projected target of the H&S pattern hovers around the 42800 region. Adding to the bearish sentiment, both the 10 and 20 EMA are trending downward, exhibiting a small bearish crossover – an additional negative aspect at the moment. This specific chart represents the Banknifty-to-Nifty ratio. Notably, it's finding support within the marked area. A breach of this level could further substantiate the aforementioned H&S pattern. Concurrently, the USDINR is developing a continuous wedge pattern. A break towards the top could indicate more challenges ahead. Additionally, this movement lies above the 10 and 40 Week EMA. Considering all these factors, indications point towards a potential decline. However, it's important to note that if BANKNIFTY manages to surpass the 45140-45150 zone, the H&S pattern might be invalidated, possibly opening up a bigger upward target. Continuing from the previous analysis, the chart visually depicts BANKNIFTY's potential Head and Shoulders reversal pattern forming at its recent peak. The negative convergence of the 10 and 20 EMA, along with the bearish crossover, adds to the current downward momentum. Shifting focus to the Banknifty-to-Nifty ratio chart, it's evident that a crucial support level is being respected within the highlighted range. A breach of this support could substantiate the bearish outlook discussed earlier, associated with the Head and Shoulders pattern. Simultaneously, the USDINR is tracing a continuous wedge pattern, implying potential further troubles. Worth noting, this pattern is occurring above the 10 and 40 Week EMA. To summarize, the collective data suggests a potential decline in the near term. However, it's crucial to remain attentive, as a breakthrough above 45140-45150 could alter this projection and lead to a larger bullish move. #BANKNIFTY #TechnicalAnalysis #MarketUpdate #TradingInsights #ChartPatterns
NSE:BANKNIFTYShort
by Triyambak_CA
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