Hello Traders, This is my another Study of Nifty for coming five days means till the Expiry. As per my prediction, there is a ABCD pattern undergoing in the chart. As per previous swings, CD leg should be completed with 1.13% of fibo-level at least. There are drawn two dynamic resistance & S&R levels too. No need to explain more, Please have a look into the...
Flat opening expected in nifty. After opening if nifty starts trading above 17200 level then expected further upside rally upto 17380 level. Any downside possible only below 17150 level.
Swing trading levels, Try to keep the charts clean to avoid multiple confusions. Trade well.
Discussing trading plan and important levels for NIFTY for this weeks expiry. Levels mentioned in the video. Cheers!
17510 is a strong resistance zone and 17100 is a strong support zone. After a freaking rangebound market, expecting good trending moves in the coming week. BankNifty should lead the move. #Reliance structure looks strong.
Last Leg of downward journey to begin probably Next week. View Negated above 18000
Weekly Line Chart shows Nifty at an important juncture. Nifty has formed consecutive Head and Shoulders pattern and the current levels show a possible retest of neckline on line chart. On the candle chart this is not quite visible but this could be an important turning point and on the Fib idea I posted before it is a very crucial zone as it is the 61.8%...
Nifty is finding resistance in the 17300-17350 zone and the one day it opened above 17400 it could not sustain and fell rapidly back to below 17300 levels. The reason for this could be it is 61.8% retracement level of LH formed on 17351 (18 Jan) and LL of 15671 (8 Mar). Obviously this doesn't mean that NIfty could go down substantially from here. It could...
NSE:NIFTY Trade Setup for 28-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
Axis bank has given a descending triangle pattern breakout. Though the stock has closed just below the resistance level of 726. The breakout has been confirmed with the volumes. RSI is also showing a bullish divergence on 15 minutes time frame. Levels are mentioned on the chart itself. Wait for the price action confirmation near the levels for entering the trade.
The stock on 4-hour time frame has closed just below the crucial resistance of 745-50. If the stock closes above the 745 and sustains on a hourly time frame, entry can be made. 20 and 200 moving averages are converging. Finally, 20 ema has crossed over the 200ema. Wait for the price action near the resistance level. Support and resistance levels are marked...
Banknifty on a 15 minute time frame, had given a break out above the parallel channel in the last 15 minutes of closing. Market has closed above the parallel channel consolidation, the 20ema and below the resistance level of 35420-50. On chart analysis banknifty is somewhat strong. It can be bullish above the level of 35635 and the 200 ema. RSI indicator shows...
1. Poc region is same as last week which at 17300 level 2. If it breaks below 17000, it may rally towards 16600 as far as bearish island reversal gets consider 3. Upside 17600 level acting as resistance
Understanding trends through supports and resistances.
previously trendline on which nifty was taking support now acting like a resistance now nifty is ready to fall down as in previous week it has took retest. SL should be closing above trendline in weekly timeframe
NIFTY Intraday Trade Setup For 28 Mar 2022 Buy-Above 17310 Sl-17260 T-17400 17450 17500 Sell-Below 17070 Sl-17120 T-17000 16965 16900 NIFTY has closed in a negative note on Friday. Index has been trading in a range since last week. It was sideways week. Range is 17450 and 17000. Breakout/down of this range will give next move of 400 points any side. 17000 is a...
Bank Nifty - Monday Bank Nifty First uplevel - 36200 then Down Level 35000