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Nifty50

Nifty Down 16% from Highs: Eyes on Next Support at 21,800● Nifty 50 has declined by approximately 16% from its all-time high, signalling a significant correction in the market. ● The next crucial support level is anticipated around the 21,800 mark, a level where the index has historically found support on five previous occasions. ◉ OI Data Analysis ● The 22,500 strike price has the highest concentration of call writers, establishing it as a strong immediate resistance level. ● Conversely, the 22,000 strike price shows the highest accumulation of put writers, indicating robust support at this level. ◉ Valuation Analysis ● From a valuation standpoint, the Nifty appears attractive, currently trading at a Price-to-Earnings (PE) ratio of 19.7. ● This is notably below its 5-year average PE of 24.8, suggesting the index may be undervalued relative to its historical standards.
NSE:NIFTY
by GoodluckCapital
Nifty 50 - Elliot Wave UpdateHere are the scenarios (ignore technical details (as I can post only one chart per post) Possibility 1: ED in E of E - 22400 should be low Possibility 2: C started in E - Can go till 22000 - 22250 Possibility 3: C1, C2 done C3 going on - This will be bad. - 21600 possible Tomorrow (Friday, Feb 28) is a crucial day for us to get the answer. Tracking Nifty 500 (currently at 20315) will give a better picture. Why? Because it was holding above the previous low, while Nifty had broken. This was giving the confidence that Nifty is divergent and forming a bottom, and we should head up after Feb expiry. So, here’s what we need to track in Nifty 500 (today’s close: 20315) ⁠ If we turn before 20130 - We'll go up till 22300-500 ⁠If we break 20130, then we'll first go down to 19300-500, and then recover to 21500-700 Best would be today’s closing becomes the bottom, and we have a +1% green day tomorrow - breaking 20550 tomorrow is important (20 month moving average). Let's see what the market has in store!
NSE:NIFTYLong
by pankajarora232
Nifty Reversal Watch: Key Demand Zones & Moving Average in FocusAs a pure technical analyst, I rely solely on what the charts reveal, ignoring the noise of news and fundamentals. Charts tell the story in advance. As a demand and supply zone trader, my primary focus is on identifying key areas where institutional activity is likely to drive price action. Today, we’ll analyze the Nifty 50 through the lens of demand zones and then complement it with traditional technical analysis using moving averages. This analysis aims to provide clarity on potential reversal zones and market behavior. 📊 Demand Zones: The Foundation of Analysis Monthly & Quarterly Demand Zones : On the monthly timeframe, I’ve identified a critical demand zone. When we zoom into the quarterly timeframe, this zone aligns perfectly, creating a high-confluence area. These zones represent institutional footprints (Banks, mutual funds, etc. ), indicating where smart money is likely to step in. These are not just traditional lines or boxes on the chart; they are the footprints of institutions that control the market. Significance of Demand Zones : Demand zones are areas where buyers are expected to dominate, often leading to price reversals. The confluence of monthly and quarterly demand zones increases the probability of a strong support level. Current Price Action : Nifty is currently hovering near these demand zones, suggesting a potential bottom formation. 📊 Traditional Technical Analysis: Moving Averages Now, let’s analyze the market through the lens of traditional technical analysts who rely on moving averages. EMA 20 on Monthly Timeframe : The 20-period EMA on the monthly chart acts as a reliable support level historically. Since 2004, price reversals have consistently occurred near this moving average, marked by green circles on the chart. EMA 20 as a Magnet : The EMA 20 on the monthly timeframe is equivalent to the 400-period EMA on the daily timeframe, representing the average price of almost 400 days. In trending markets, price always reverts to its average, making this a critical level to watch. Historical Exceptions : While there are rare instances (marked by red circles) where Nifty has broken below the monthly EMA 20, the presence of demand zones adds an extra layer of support, reducing the likelihood of a significant breakdown. Current Price Action : Nifty is currently near the monthly EMA 20, which coincides with the monthly and quarterly demand zones. 📊 Combining Both Approaches High-Confluence Area : The alignment of monthly and quarterly demand zones with the monthly EMA 20 creates a high-confluence area. This increases the likelihood of a strong support level and a potential Bottom. Risk Management : While the setup appears promising, it’s crucial to manage risk effectively. Always use strict stop-loss orders and avoid over-leveraging. Even high-probability setups can fail, especially when market sentiment is overwhelmingly negative. 📊 Conclusion The Nifty 50 is at a critical juncture, with multiple technical indicators pointing towards a potential reversal or consolidation. The confluence of demand zones and the monthly EMA 20 provides a high-probability setup. However, always remember that no setup is foolproof, and risk management is crucial, it’s essential to remain cautious as markets can sometimes defy all technical setups. This analysis is purely for educational purposes and is not intended as trading or investment advice. I am not a SEBI-registered analyst. Lastly, thank you for your support. "The market is a master of patience; trade with discipline, not emotion." 🚀📊
NSE:NIFTYLong
by AfnanTAjuddin
Candlesticks PattensCandlesticks Pattens - Part -1 *SkyTradingZone* is your go-to source for educational content on trading, covering market insights, strategies, and in-depth analysis. Our goal is to empower traders with knowledge to navigate the markets effectively. --- # *Candlestick Patterns: The Key to Understanding Market Psychology* Candlestick charts are one of the most *powerful tools in trading, providing valuable insights into **market sentiment, reversals, and continuation patterns. They help traders make informed decisions by visualizing **price action* in a structured way. --- ## *⿡ Understanding Candlestick Basics* A candlestick represents *price movement within a specific time frame* (e.g., 1 minute, 5 minutes, 1 hour, 1 day). Each candle contains *four key price points*: 📌 *Open* – The price at which the candle starts. 📌 *High* – The highest price reached during the time frame. 📌 *Low* – The lowest price reached during the time frame. 📌 *Close* – The price at which the candle ends. ### *Candlestick Structure:* A *bullish (green)* candle forms when the closing price is higher than the opening price. A *bearish (red)* candle forms when the closing price is lower than the opening price. 🕯 *Wicks (Shadows):* The thin lines above and below the candle body indicate the highest and lowest prices reached during that period. --- ## *⿢ Types of Candlestick Patterns* ### *📍 Single Candlestick Patterns* These patterns consist of a *single candle* and indicate potential reversals or continuations. ✅ *Hammer (Bullish Reversal)* - A small body with a long lower wick. - Appears after a downtrend. - Signals strong *buying pressure*. ✅ *Shooting Star (Bearish Reversal)* - A small body with a long upper wick. - Appears after an uptrend. - Indicates *selling pressure* from institutions. ✅ *Doji (Indecision Candle)* - Open and close prices are almost the same. - Indicates *market indecision* and possible reversal. ✅ *Marubozu (Strong Trend Candle)* - No wicks, just a full body. - *Bullish Marubozu* → Strong buying pressure. - *Bearish Marubozu* → Strong selling pressure. --- ### *📍 Double Candlestick Patterns* These patterns involve *two candles* and suggest trend continuation or reversal. ✅ *Bullish Engulfing (Strong Uptrend Signal)* - A small *red* candle followed by a large *green* candle. - The green candle *completely engulfs* the red one. - Indicates *buying pressure* and a potential reversal. ✅ *Bearish Engulfing (Strong Downtrend Signal)* - A small *green* candle followed by a large *red* candle. - The red candle *engulfs the previous green one*. - Signals *strong selling pressure*. ✅ *Tweezer Bottom (Bullish Reversal)* - Two candles with the *same low price*. - Suggests *strong support* and buying interest. ✅ *Tweezer Top (Bearish Reversal)* - Two candles with the *same high price*. - Indicates *resistance* and selling pressure. --- ### *📍 Multi-Candlestick Patterns* These patterns involve *three or more candles* and provide strong trade signals. ✅ *Morning Star (Bullish Reversal)* - A *red candle, followed by a **small indecisive candle, and then a **big green candle*. - Shows *trend reversal from bearish to bullish*. ✅ *Evening Star (Bearish Reversal)* - A *green candle, followed by a **small indecisive candle, and then a **big red candle*. - Indicates a *trend reversal from bullish to bearish*. ✅ *Three White Soldiers (Bullish Continuation)* - Three *consecutive green candles* with higher closes. - Indicates *strong buying momentum*. ✅ *Three Black Crows (Bearish Continuation)* - Three *consecutive red candles* with lower closes. - Signals *strong selling pressure*. --- ## *⿣ How to Use Candlestick Patterns in Trading?* Candlestick patterns alone *are not enough; you must **combine them with other factors* for high-probability trades. ### *🔹 Combine with Support & Resistance* - A *bullish engulfing at support* is a strong *buy signal*. - A *shooting star at resistance* is a strong *sell signal*. ### *🔹 Use Volume Confirmation* - *High volume* with a reversal pattern increases its reliability. - *Low volume* means the pattern might fail. ### *🔹 Look for Confluence with Indicators* - *RSI Oversold + Hammer Candle = Strong Buy Signal*. - *Bearish Engulfing + MACD Crossover = Strong Sell Signal*. ### *🔹 Trade with Trend for Best Results* - *Bullish patterns work best in an uptrend*. - *Bearish patterns work best in a downtrend*. --- ## *⿤ Common Mistakes Traders Make with Candlestick Patterns* 🚫 *Trading Without Confirmation* – Always wait for the next candle or volume confirmation before entering. 🚫 *Ignoring Market Context* – A single pattern doesn’t guarantee a trend reversal; check the overall trend. 🚫 *Forcing Trades* – Don’t take a trade just because you see a candlestick pattern; wait for confluence with other signals. --- ## *⿥ Best Candlestick Strategies for Profitable Trading* ### *📌 Strategy 1: Engulfing Pattern + Support/Resistance* 🔹 Identify a *strong support or resistance level*. 🔹 Wait for a *bullish engulfing pattern at support* or a *bearish engulfing at resistance*. 🔹 Enter a trade with *stop-loss below support (for buy)* or *above resistance (for sell)*. ### *📌 Strategy 2: Hammer Candle + RSI Oversold* 🔹 Find a *hammer candle near a key support zone*. 🔹 Check if *RSI is below 30 (oversold zone)*. 🔹 Enter a *buy trade* when the next candle confirms the reversal. ### *📌 Strategy 3: Marubozu Breakout* 🔹 Find a *marubozu candle breaking a key level*. 🔹 Enter in the *direction of the breakout* after confirmation. 🔹 Place a *stop-loss below the breakout candle*. --- # *Final Thoughts – Mastering Candlestick Patterns for Profitable Trading* Candlestick patterns are an *essential tool for traders* to analyze price action effectively. However, *using them in combination with volume, support & resistance, and technical indicators will increase accuracy*. 📌 *Key Takeaways:* ✔ *Master single, double, and multi-candlestick patterns.* ✔ *Use them with support, resistance, and trendlines for best results.* ✔ *Avoid common mistakes like overtrading or ignoring confirmation.* ✔ *Follow price action and volume to validate trade setups.* By understanding *candlestick psychology, traders can **predict market movements and improve profitability*. --- 🔹 *Disclaimer: This content is for educational purposes only. *SkyTradingZone is not SEBI registered and does not provide financial or investment advice. Please conduct your own research before making any trading decisions.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
"JSW Infra: Climbing the Crane of Success!""JSW Infra: Sailing Toward the Fibonacci 0.618 Dock! 🚢📈" This means the stock is likely retracing to the golden ratio (61.8%) level, a key Fibonacci retracement point often seen as strong support or resistance in technical analysis. 🚨 Disclaimer: Not Financial Advice! 🚨 ** This is for educational purposes only! 📚😂 Do your own research, consult a professional, and remember—stocks can go up, down, or sideways faster than your morning coffee spills! ☕📉📈 Invest responsibly! 🚀💸 **
NSE:JSWINFRALong
by financialsako
Nifty Under Stress: Will 22,800 Support Level Hold?● The Nifty is currently trading near its immediate support zone around the 22,800 level. ● The open interest data reveals a notable surge in call OI at the 22,800 strike price, with call OI increased by 38 lakh shares in the last trading session. ● On the other hand, put OI also rose by 20 lakh. ● This activity suggests strong support at the 22,800 level, indicating it is unlikely to be breached easily in the near term. ● However, a break below this support level could lead to a downward move toward the 22,500 level. ● In the current scenario, the market is expected to remain range-bound and choppy in the upcoming week.
NSE:NIFTY
by GoodluckCapital
3M India (3MINDIA) - Double Top Confirmed3M India (3MINDIA) weekly chart analysis reveals a confirmed double top pattern and a breakdown below the trendline and 200-week EMA. This suggests a potential move down to the key support zone around 16,000-18,000. I've highlighted the key levels to watch. A short trade opportunity may arise on a pullback. Let me know your thoughts in the comments! Also long term investors, could deploy their capital in trenches till the support zone or wait for the reversal to invest at once. Disclaimer: This analysis is for informational and educational purposes only. It is not financial advice. Trading involves risk, and you could lose money. Past performance is not indicative of future results. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:3MINDIAShort
by PhD_Swingtrader
Nifty - Elliot Wave Update - Close to bottom, for Now!I am considering the entire correction from October highs as a triangle - ABCDE. We are now in E and E seems to be forming an Ending Diagonal - Another ABCDE. The chart shared shows internals of the Wave E. I have marked two alternates - Red and Orange, and in both cases we are close to end of correction which should end anywhere between 22500-600. If 22500 breaks we will have to update the counts and consider a dip to 22000. The bottom that gets formed could either be completion of correcting in Weekly Wave 4 in which case we head to ATH i.e. +28k in Nifty OR it could be just first leg of correction that ends in W and we go up in an X, in which case I expect 24-24.5k. In both cases a good move up should unfold - Expecting March to be a green month and most likely April to follow through upwards - So, gunning for 2 green months. A few factors getting aligned - US market seems topping out in Weekly Wave 3 and so does USDINR - both should favor some flow of funds towards a better valued Indian markets - and hence a +ve fund flow from FIIs should help bump up the markets, along with liquidity getting infused by RBI. So, time to start putting in the lump-sums :)
NSE:NIFTYLong
by pankajarora232
"Analyzing Nifty 50: Support, Resistance, and Trade Insights"Let's take a look at the Nifty 50 chart to analyze current support and resistance levels, and whether it's a good time to consider a bullish trade or if the market might drop further. Currently, the Nifty 50 is showing a downtrend, forming lower highs and lower lows. This suggests that the market is struggling. However, there is a bottom trend line that supports the index quite well. Despite this, recent heavy selling by Foreign Institutional Investors (FIIs) means we haven’t seen a clear reversal pattern yet. Right now, the market is consolidating near this trend line. For the Nifty to turn bullish, we would need to see a strong buying moment . We hope the index doesn’t fall below this trend line, but if it does, we could see a drop of several hundred points. At this point, it might be wise to hold off on making any trades until we have clearer confirmation of market direction. For those considering a bullish position, a sensible stop-loss would be below 22,700 . Please remember, this is for educational purposes only. Make sure to do your own analysis before making any trades and don't just follow someone else's advice blindly.
NSE:NIFTY
by ard-komercisto
1
Support and Resistance Part 1A support and resistance level is simply a level in a market at which traders find a price to be overvalued or undervalued depending on current market dynamics. This creates a level in the market that can act as support or resistance depending on various factors surrounding each currency. When it comes to charting support and resistance levels, keep it tidy and focus on the levels closest to your current price action. If you start scribbling levels all over the place, your chart will look like a toddler’s doodle, and you’ll lose track of which levels to keep an eye on and which ones carry more weight. Support Zones: Rather than a precise price point, support is usually identified as a price zone. Within this zone, numerous market participants often place their buy orders. And a resistance level is a point where it’s likely to stop rising and start falling – these are always located ABOVE the current price.
NSE:BANKNIFTYEducation
by SkyTradingZone
6
Key Levels: Nifty at a Crucial Turning Point! What's Next? Nifty's price structure is showing a clear pattern of lower highs and lower lows, indicating a prevailing downtrend. However, the market is now at an interesting Demand Zone that could determine its next big move. 📊 Key Observations On January 27, Nifty took support from an old demand zone, and formed new lower high. This minor reversal also led to the creation of a new demand zone. Currently, Nifty is approaching this fresh Demand zone & old Demand Zone, making it a highly significant area to watch. 🔍 Possible Scenarios Ahead Reversal from the Demand Zone : If Nifty respects this demand zones and reverses, we may see a potential bottom forming. Sideways Consolidation : Nifty may move sideways, indicating indecision before a breakout. Breakdown Below Demand Zone : If the demand zone is breached, Nifty could make a new lower low, continuing its downward trend. 🔄 What’s Next? The next few sessions will be crucial in determining whether Nifty finds strength or continues its downward trajectory. Traders should closely monitor price action and key levels to gauge market sentiment. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 “Patience and discipline separate the successful trader from the rest.” This analysis is for educational purposes only and is not a trading or investment recommendation. I am not a SEBI-registered analyst.
NSE:NIFTY
by AfnanTAjuddin
2
Hero MotoCorp I Bullish Signals – Time to Invest or Trade?Trade Plan Enter after strong Breakout of 3,896 levels, Stop loss below entry candle 15m time frame(Not more than (0.5%) Pro Tip As we are on a weekly support of the stock and it is taking support from it we could be seeing a trend day where the price consistently moves in one direction throughout the trading session, with minimal price reversals. So to capture the big move You can trail stoploss on previous swing or an EMA of your preference. Eg:10,20 Buy above 3,896.70 ( after close on 15m TF) Target 1 - 3,950.95 Target 2 - 3,976.15 Target 3 - 4,015.55 Not an Investment Advise
NSE:HEROMOTOCOLong
by REUBEN_EUSTACE
Nifty laying traps... another one for sellers...Hello Traders! The market is constantly trapping sellers without moving to the downside. Right now, nothing in draw on liquidity is obvious. It, frankly, can go either ways . And what does it mean when we can frame both sides of market using ICT concepts? It means that we have LOW PROBABILITY conditions . I'm sitting on the sidelines until the market gains clarity, favouring buyside delivery. As long as the invalidation low of 22725 holds, my bias would remain bullish . Once that low is taken, I'm not interested in price and would wait for the market to provide more info. When it looks that it can go either ways, the market structure gets filthy and PRECISION leaves the chat. WAIT FOR MORE CLARITY . Or gamble . It's absolutely your choice . Have a safe trading day. GLGT.
NSE:NIFTY
by SatyajeetPSahai