This aftermarket analysis shows the real-time drama of the Nifty index for the day !!! In the COI chart, it is clear that long buildup is not affected by any profit booking or short-term global cue mode yet. The major support zone is 15500-15450. We only can take a non-bullish view if gets broken in the coming sessions. So there will be a probability once again...
New Update - After Breakout Pivot Color Auto Change
This Indicator can help to find levels Support and Resistance .
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Previous Day Week Month High Low
Weekly & Monthly Fibonacci Level
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as long as banknifty stay below current resistance it might touch below Reversal zone so one can hold their short as per their trade set up with proper stop loss.
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******whatever charts or levels sharing here are just for educational purpose only not...
Nifty metals currently in a parallel channel, also forming a rounding bottom pattern(cup and handle) break out above 5410 can give us target up to all time high and above levels .. look for long opportunity in metal stocks.. (conditions apply only if overall market is bullish.)
As we saw in previous chart it break all the resistance level and made an all time new high so changing the wave counts and considering the end of big wave 1&2 @ 15469 & 14173 respectively,
So If Nifty closes above 15954 and sustain then we can see a rally for 16352 which will be nifty's all time high
breakout from the box or sideways channel Best way to trade this time is with options you can buy Out of the money Calls for this trade and risky traders can buy at the money nifty is heading towards the 16300 marks but can go slowly. Keep watching the levels now 15910 will be the goos support area buy near support for great risk-reward ratio
if one could find reversal around these level then go long. keep as as per risk appetite.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Nifty is in a narrow range. It created a Doji at the perfect place on Friday. I am still bullish on the index and expect a green candle on Monday itself. I have clearly drawn my trendlines and therefore, one can follow these to develop their own analysis.
NIFTY (DAILY):- Stock consolidating in a strong trading range between horizontal resistance and supporting trendline
Highly probable ascending triangle on breakout or highly probable triple top on breakdown
Overall Nifty is in a Rising Wedge.
The way it is shaping up after a cup breakout and now 3 VCP in an ascending triangle, it seems the short term correction will be over soon, unless something drastic happens and the ascending triangle is breached on the downside.
MACD also looks bullish for now.
Nifty seems to be moving in an ascending triangle. The resistance at 15900 has been tested 4 times. There is an unfilled gap between 15738-15764. We can see a drop to this level with some sort of liquidity hunt before moving higher.
I see 15635 as an invalidation level.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest...
Indraprastha Gas is engaged in the business of city gas distribution presently operating in the National Capital Territory of Delhi including adjoining areas of Noida, Greater Noida, Ghaziabad, Hapur, Gurugram, Meerut (except area already authorised), Shamli, Muzaffarnagar, Karnal and Rewari.
> It is a Large cap company with a market cap of Rs....