Nifty break the resistance trend line and close near resistant line . If nifty opens above 14650 then we will look for buy on dip .
today nifty trade in 100 point range ..tomorrow we can expect nifty to trade in both direction .
Level mention on Chart.
Sail has breached its major trendline resistance and now making freely towards it's fib level of 152, Peak volumes like this is not visible for almost 8+ years which indicate that this is not a false breakout. Wait for a Minor Pullback for an entry. This is solely for Education Purpose Only.
Depending on your risk appetite you can book completely at 152 or...
Exactly reversed from our given resistance as you can see
Next resistance to watch is 14600
And next support being 14400
Could be a trending if breaches 14400✅
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
Formation of evening star pattern indicate downtrend also came with week result as less than expected
But the current situation of market of buy on rummorse and sell on the news can affect your trade
Otherwise be on short side
Nifty 50 - CMP 14617
Nifty is currently trading within a range bound channel and can see forming a bullish flag pattern on the chart. As it's a bullish pattern, one can expect a breakout on the upside followed by a move similar to the length of the prior pole. The current pole measurement shows return of approximately 12% which gives approximate targets of...
Nifty formed a bullish hammer ( also showing bullish harami pattern ) at 50 EMA in Daily TimeFrame which can be a reversal sign.
Hrly Time Frame shows W pattern, again a reversal sign.
Considering expiry day tomorrow, it might show some volatality in the morning hour / a slow upside and then reach 14700/14800 level.
Though resistances need to be watched as we...
Nifty has dipped taking resistance at 14700 level.
5 and 13 EMA Negative croos over
Price did a fake BO of 50 EMA after retracing 50% of the short term negative trend.
if it breaks 14400 then 14250 / 14150 are good supports. ( Head and Shoulder Neck Line breakdown )
View : Short the bounce, if we get it...
Else if it crosses 14700, it will become bullish ( chances...
ICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci...
We can see the formation of a falling wedge in Nifty on weekly time frame. Wait for breakout and weekly close above the wedge for the journey towards ATH. Nifty likely to hold supports on the lower trendline.
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
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As per chart presently at support level
As per global indices all are trading at negative
Vix trading at positive
It seems tomorrow also opens negative.
but as per technical presently at resistance level.
If any deviations please comment.
As per our analysis, it opened above the yellow resistance line, and we saw a positive opening, We took 14700 CE yesterday at 80 which we closed in the morning around 130.
As per SpanAttack strategy timings, we saw a good move around 1:25 PM, Nifty recovered almost 50 points from lows which was updated in the Premium group around 9:00 am.
To get SpanAttack...
