Multiple Time Frame Analysis
Fall started exact from the trendline!!As we can see despite a strong recovery after a weak opening, NIFTY reached the trendline and started to get rejected exactly from our given levels and lines. This shows as long as NIFTY maintains itself below the given trendline it should be a sell on rise and hence looking at a bigger holistic view! we can see NIFTY getting weak dragging all midcaps along with it. Further this 200 point unidirectional fall could just be a starting for a bigger downfall filling all the gaps created till 18900-19000 levels which is also a psychological level
NIFTY is ready for fall now..?AS we can see NIFTY finally reached its final psychological level which we had been discussing about since last few weeks about the pending space that needs to be filled. NIFTY has finally filled that space and hence any flat to weak opening can show good downfall. Now as long as NIFTY remains below 19500 levels its a great opportunity to sell on rise so plan your trades accordingly
ADAUSDT.P👀 BINANCE:ADAUSDT.P
1.)ADAUSDT built sellside liquidity which eventually will be grabbed for pushing more higher upwards.
2.) M15 internal Orderflow shifted bearish.
3.) RSI showing weakness.broke below MA.
Well it can be wrong as well it might push high first then come down..
anything can happen, let's see👀
NIFTY is yet to reach 19500 levels As we can see despite being weak to sideways the entire day, we saw a slight recovery in the closing hours which shows bulls still are actively participating and not letting to fall. Further now we can expect NIFTY to carry on its up move followed by a strong opening towards 19500 which is also a psychological level which could act as a RESISTANCE and a better place to short.
NIFTY heading towards important resistance nowAs we can see despite nifty showing weakness in the first half! It showed strong recovery showing a potential more of up move can be witnessed which could be short lived. following the global cues as of now we can expect nifty to open strong around 19440_480 levels which should be a good place to short being a psychological level of 19500 is very eminent hence any signs of rejection around the given level could be a good opportunity to short so plan your trades accordingly
NIFTY's next stop 19500..?As we can see NIFTY had been unidirectional ever since it broke its ALL TIME HIGH. we can see more of up move coming up as space can be seen. Next eminent resistance can be seen around 19500 which is its next psychological level which could potentially act as a resistance hence till there we can see more of up move coming up
Where is NIFTY heading next..?As we can see NIFTY did show a strong trendline breakout after testing it multiple times, now it can be seen trading at a trendline resistance around 19200, if nifty opens strong we can expect more of up move coming up till 19500 which is also a psychological level which might potentially act as a RESISTANCE and finally fall so keep watching and plan your trades accordingly
BANKNIFTY will remain bullish above 44500As we can see that after much of consolidation BANKNIFTY finally broke out of the range towards its new ALL TIME HIGH which we had been analysing for quite some time now hence we might see more of new highs coming up in both of index before finally hitting a psychological level and getting rejected from there so keep watching everyone