04/04 educational purpose only buy on dips cmp 17737.35 support 17464.40 / 17473.25 resistance 17985 / 17991.95
From the last 5 months nifty was trading with a bearish biased view, however things are looking a bit changed this month since we saw a good bullish momentum in the last 2 weeks of March. As of now April is up for Moderately Bullish view, Support & Resistance levels are plotted on chart.
Understanding trends through supports and resistances.
Banknifty has been trading in Falling Channel from the last 109 bars on Daily time frame,in the last few days we saw bullish momentum in price and closing on friday gave more strength to bulls. Further view according to price action is, if the index manages to give breakout above this falling channel then we can see Banknifty to touch 39000-41000. On the downside...
See the beautiful chart making multiple big breakout and taking proper supports at breakouts. Company is backed by good management and favourable environment!!!
17800 will act as a imp Resis. If 17641 was taken out then we can see 16550 & If 16550 was taken out then 17388 would be our next target.
Nifty Daily Levels Updates For Option Day Trading Rules for Support and resistance Trading and for more information search in Google - Manoj Shinde 27485
[ nifty making move upwards with great volume but with divergence nifty can reverse from 18000 or previous months high i.e. 17800 and the previous week high was broken which also acted as a support making it a good indication for upward move! /i]
state bank of india have come out of resistance zone, we will plan to enter with sl below 490 for target of 540
Is that where the market is headed? Seems about right isn't it? The trendline seems to be the turning point before market heads downward if not before
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
NSE:NIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
While looking at the chart, the next major level is nifty to sustain 17650,17800. Keep an eye on these levels. Once 17650 sustains, nifty has the strength to move to the 17800 level. If the market opens with a gap up sustain above 17600 The first level to watch 17,800 If it is broken, we can expect a rally to 18000 and 18100 If the market opens with a gap...
NSE:ADANIENT As Per This Harmonic Pattern Still Harmonic PRZ is far from current level so one can still hold this stock whoever holding from lower level and one can take new entry as well as per their trade setup. ones hatmonic PRZ active , one can short as well if find reversal. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic...
17560 target level ...............................................
Good Morning! As even yesterday we had witnessed a stable closing of above 17300 in Nifty. We can say that somehow the probability of the index moving ahead to the next level of Resistance of 17630 and gradually to 17800 has increased. Thereby, with our trailed support level of 17300, we are now looking forward to witness a further uprise in the levels of the...
Today will be slightly gap down opening expected in nifty. After opening if it's starts trading below 17440 level then expected further downside upto 17320 level. 17440-17550 will act as an consolidated zone for today's session. Strong upside rally only possible above 17550 level.