Nifty upward channel stands broken, golden crossover intactThere is clear break in five and half month long upward channel and Nifty is below DMA10. Next key level on downside to be watched is around 10,880 at the Sep 2016 - Oct 2018 line. DMA50-DMA200 crossover is so far intact, fresh strength in Nifty can only be expected above 11686 levels.
- Rajesh Ramchandani
Nifty50
nifty ewt formationIs 4th wave possible...
what do you think .. plsss comment below
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this only a prediction if possible ..... we can say perfectly about 5th wave
But at first it need to complete its major wave
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as we can see it is 78.6 % .... so now it may possible that after touching 12,000 (161.8%) can show a fall for 4th wave
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lets see what happens
Nifty at the lower band of narrow rangeNifty is presently at the lower band of its 200 points narrow range. Lower band of range is the support line formed from March 23 low. Nifty closing in red in the next trading session can therefore be taken as confirmation of break from its 5 months uptrend.
Upper band for Nifty is formed by Oct 2018 – Sep 2019 support line, which is now playing as resistance for Nifty at 11392 levels. This is stiff resistance point as another key level of 78.6% Fibonacci ratio (on one year high and lows) is also around the same level at 11378.
ALWAYS HAVE A LOOK ON DOW JONES TO UNDERSTAND GLOABL SCENARIOTo Anticipate the Nifty 50(INDIA)
Always analyze Dow jones, Nasdaq and SGX Nifty to have a clear cut view while trading
So that you can anticipate the point of reversal or sideways or trending market with extra benefit of 0.55% more than others who don't analyze these.
NIFTY50 CAN MOVE IN A DOWNWARD TREND NOW !Hey There !!
Prepare yourself for another round of selling in NIFTY50. Since in today's market, NIFTY50 has formed a red bearish candle after a green candle formed yesterday, it's an BEARISH ENGULFING pattern plus it is formed on a resistance that means a double conformation that market may go downward from here. You may see a Gap down opening tomorrow. In the coming times nifty may show 9800 level again. All the best. Happy Trading.