Nifty Analysis:
Previous OI PCR: 1.3
General Trend:
Nifty has spent 5 months near the middle of the channel on the monthly chart and is now looking to break out.
On the daily chart, since June 10, Nifty has been trading within a narrow 300-point range.
From June 5th to 14th, no candle on the daily chart has closed below the previous day’s low.
Over the past...
There are chances that nifty can give the great sell trade
*Reasons for trade
1) price over buyed
2) There is rsi divergence on 1 hr timeframe
3) moving inside a channel pattern
4) price is going up but volume is contiously decresing
# make sure you set your own stoposs
#one can take trade ones market start breaking download
...
As we can see NIFTY after much consolidation has formed more like flag-pole pattern in bigger TF which is also a bullish continuation pattern. Any closing above given level could lead to unidirectional upmove so plan your trades accordingly
My View On This Script Bullish.
This Stock given Strong Breakout With Good Volume.
ENTRY :111.20
Target 1:120.50
Target 2:132.00
Stoploss:104.50
Sector : HOSPITALITY
Industry : RESTAURANTS
Category : NIFTYSMALLCAP
As we can see despite various attempts and strong openings, NIFTY ends up closing in red facing resistance from the structure hence we can expect NIFTY being sideways to negative till it is below the structure. On the other hand, we can see NIFTY forming more like flag-pole pattern which is a trend continuation pattern hence we may expect a strong unidirectional...
Divis lab chart showing perfect reversal signs. Looking good to hold for Mid to Long term.
Please comment your insights on my simple analysis.
Disclaimer: This is not a recommendation to buy. Do your own research. It is your hard earned money.
As we can see NIFTY has been getting rejection from the structure since last few days now but hasn’t broken any lows as such of the consolidation hence as long as NIFTY maintains below the structure, we can expect sideways to negative market unless it breaks either side for a unidirectional move so plan your trades accordingly.
Nifty is moving in a curve and taking supports at the bottom multiple times. currently consolidating in a range.
Also Nifty has tried moving out of the consolidation range but there is no significant movement as of now. if this pattern breaks then there can be some pain.
The stock is trading around the upper channel. The space on the upside looking limited and RR is not favourable at the current levels.
Weekly TF view:
Price Observations:
1. Even after breakout & restest of major 800 previous ATH levels the moves is slow and choppy.
2. Volumes are dry.
3. Buyers are weak.
Now, possible 2 Scenarios here:
1. WAIT FOR THE...
As we can see NIFTY can be seen taking a halt as we had analysed in our 2 days back post that the market tends to take a halt when a big move is made to confirm the further continuation of upmove or correction. Hence we can expect NIFTY to remain sideways before finally moving big. Any closing above the structure could result in massive strong trend so plan your...
OPERATOR GOT OUT FROM BITCOIN SELL BTC FOR 7000 POINT.
BTCUSDT showing g 7000 point fall in longtrm
due to the technicals indicating for shell
in bitcoin a strong trendline breakout happened plus
sellers are heavy in full of power
and volumes are gradually increaseing
all these sigh indicaing for falling of btc with a good point
upto 7000.points
We can again see the pressure from higher levels as we had been analysing in our last posts that it is trading at MAKE or BREAK level. Hence as long as the NIFTY doesn’t the break the structure, it is likely to remain sideways to negative unless a strong breakout that could lead to another new ATH so plan your trades accordingly guys.
As we can see NIFTY has almost recovered the panic which was created due to uncertainty of non performance of NDA government but the trust has been regained after gaining majority. It doesn’t matter if it is done by coalition or alone, NDA will be ruling BHARAT for next 5 years which itself should be a positive news. Now that our PM MODI has finally taken oath, we...
As we can see NIFTY has recovered almost 75 percent in just couple of days but this big mother candle can’t be broken in single shot and next direction will be defined only if either side is broken of the mother candle hence we may expect some sideways to negative market before finally breaking either side of the mother candle for deciding further upcoming move so...
As we can see NIFTY managed to recover despite NDA’s weak winning which shows WIN itself is a major determinant of how economy and market would perform hence as long as NDA government is in power, market is expected to remain stable with bullish outlook.
Now NIFTY can be also seen closing inside the structure and hence can be expected a full short covering in...
As we can see NIFTY trapped everyone as analysed in our last analaysis. Now the index has gotten weak despite the win of NDA but if NIFTY manages to open inside the structure then we may see some bullishness else it could be more like sideways market today so plan your trades accordingly guys
As we can see NIFTY rallied and opened very strong as analysed in our previous post. Also it got rejected from our exact TRENDLINE resistance. Since this rally is more like influenced by the ongoing election results and not from fundamental improvement hence it is expected to last short. We can expect another upmove which could be a possible trap which NIFTY...
