Nifty likely to head higher. 22800 could be tested. And if that breaks, we have 23000+ levels coming. Today NIFTY bounced above the high of the compression zone and formed a bullish candle with High High and High Low on daily. Weekly candle bullish piercing the STMA band. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
If next hourly closing sustains below 22497 then 📉 📉 to 22202 as marked on the chart Hourly closing above 22497 is bullish 📈 📈 ( if it sustains then will post a updated chart ) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Today we have a Breakout of Both bands and the Resistance of 22300. Also RSI>50 indicates start of an uptrend. But today's move is not tradable due to expiry volatility. So, I wait for another candle to confirm the trend direction. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NIFTY Intraday Trade Setup For 17 May 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22675 N-ATH Bearish- Below 22240 Invalid-Above 22290 T- 22050 21800 NIFTY has closed on a bold bullish note with 0.92% gain today. It was moving randomly but last leg move established and closed on a bold bullish note. Index has formed a long wick rejection candle like 13 May....
Next hourly closing above 22164 then shortcovering could be possible 📈 📈 to above levels marked on the chart If hourly closing below 22164 then 📉 📉 ( 22093 pending level ) 22093 imp support below that any hourly closing will be 🥶 📉 📉 Disclaimers: Its a personal view not a financial advise and I assume no responsibility and liability whatever...
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Hourly closing above 22160 then 📈 📈 to 22245 and beyond marked Closing below 22160 in hourly candle 🕯 then 📉 📉 22091 ( 22091 Imp support ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
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Hourly closing below 22246 then 📉 📉 could test 22156 22156 could be a reversal level for upside 📈 📈 Closing in hourly above 22246 then 📈 to above target If any hourly closing sustains above 22320 then bullish 📈 📈 to 22438 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
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NIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 22300 Invalid-Below 22250 T- 22478 22675 Bearish-Below 22150 Invalid-Above 22200 T- 21965 21800 NIFTY has closed on an absolute flat note today. Since last two days index was strongly bullish. And as per simple market phases, index turns sideways after a parabolic move so has happened today. Index traded...
22296 --- 22241 ( No Trade Zone ) Closing below 22241 in hourly could trigger a downward momentum 📉 📉 📉 to 22136 Any hourly closing above 22296 then 📈 📈 to 22449 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
NIFTY50 Update (1W TF) - 6th May, 2024 - Trading inside the channel as of now - The Support Zones are marked out - A weekly candle will give us clarity on which side the Nifty may head to - This should help choosing our Swing Trades as well If you are in FOMO: - Then ensure to choose stocks that are at Weekly support levels only - Do not jump into falling knives...
Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen. But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can...
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The follow up candle of the Hammer candle indicates the start of an up trend. The resistance level of 22300 is very important in tomorrow's trading range. For a good swing trade setup we need to wait for a clear and confirmed trend. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 22280 Invalid-Below 22230 T- 22500 Bearish-Below 22080 Invalid-Above 22130 T- 21800 NIFTY has closed on a bullish note with 0.51% gain today. Unlike BANKNIFTY it was trendy after 11 o'clock. Buy triggered as per trade setup above 22150 and gave a move till 22270, however target was not achieved. On a flat...