JUST MY IDEA NOT A RECOMMENDATION. TRADE SAFELY
NIfty will now follow the up trend according to the technical analysis and chat pattern
THIS IS THE NIFTY 50 TRADING IDEA IF NIFTY TAKES RESISTANCE THEN DOWNSIDE ..OR BREAKS THEN UP SIDE BUT BE CAUTIOUC IN THE MARKET..
NIFTY MUST FILL THEIR PREVIOUS GAP YOU CAN SEE IN PAST MAY BE I AM WRONG WHAT DO YOU THINK LET ME KNOW
NIFTY seems very BEARISH. BUt IT MUST BE OPEN AS GAP UP OR UPTREND. upto 9400 level. at least 9372 level.
1 Aug bars have turned into support but 500 SMA is also strong. What do you think ?
Probable Downside, but also watch 50 SMA closely. What do you think ??
Just playing in the S&R zones also 200 SMA is indicating the same. What do you think ?
Nifty is in bullish now, next target of 10930, 10980 (major resistance). Also it forms head and shoulders patterns, so long view says downtrend. 9300 range.
when the trendline is broken..buy when it has retested the trendline .keep your stops below the demand zone. Target mentioned in the chart
There is a probability of 5-0 pattern on Nifty hourly.. Hence if its unfolds, the recent pullback in NSE:NIFTY may extend to 9872- 9900 levels
Expecting a stability or a breakdown after the marked stage.