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Nifty500

Nifty50 & Nifty500 Hits Critical Demand Zone: Ready for Bounce?Indian stock market has been in a downward for over a month, Let’s dive into the technical setups and explore potential scenarios. 🔥 Demand Zone Insight: Drop-Base-Rally (DBR) at Play On Friday, Nifty 50 entered a demand zone, specifically a Drop-Base-Rally (DBR) zone — an area often indicating unfilled orders from institutional buyers. In strong markets, simply entering the zone could signal a buying opportunity. However, since the broader trend has been downward, it’s more prudent to look for confirmation. Today, Nifty 50 delivered that confirmation entry by forming a bullish candle within this demand zone, suggesting that the price may now have the support it needs to reverse direction. This type of entry confirms that buyers are stepping in, providing traders a more reliable basis to consider potential setups. 📊 Nifty 500: Inside Bar as Additional Confirmation For traders who prefer further confirmation, the Nifty 500 presents an interesting setup. After hitting a key support level last Friday, the index printed a bearish candle (-1.27%) followed by a small, 0.67% bullish candle today — a formation known as an inside bar . 🛠️ Trading the Inside Bar: Breakout Signals An inside bar indicates price consolidation and often precedes a breakout. By waiting for this breakout, traders can add another layer of confirmation before entering. Bullish Breakout : A price rise above today’s high could signal a potential reversal and strengthen bullish momentum. Bearish Continuation : If the price falls below today’s low, we may see the downtrend continue. ⚠️ Final Thoughts 📉 Nifty 50’s demand zone and today’s bullish candle hint at an early sign of a potential reversal. However, with the daily trend still pointing downward, a more cautious approach may be wise. Waiting for additional confirmation through an inside bar breakout in Nifty 500 could provide stronger validation. If tomorrow Nifty 500 breaks above today’s high, this would confirm the inside bar breakout, offering a clearer reversal signal and a green light to plan buy entries in selected stocks based on your setups. Conversely, if Nifty 500 breaks below today’s low, it may indicate a continuation of the downtrend. Lastly, Thank you for your support, your likes & comments. "Successful trading is the art of waiting for the perfect moment." 📈 This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst.
NSE:CNX500
by AfnanTAjuddin
1
Nifty500 Analysis: Current state of the market & what to expect.Nifty500 is mainly used for analysing the Market breadth. We look at the various phases of the market: Bullish, Bearish & Sideways, We can understand how the Momentum charts give an early warning / indicator for a particular phase in the market. Presently, the market has given a signal that the current Bullish phase is going to get weaker, but we are not yet Bearish. The Bullishness is going to continue, but in a stock specific manner only. I'm expecting a sideways market with a slight upward slope. Thanks for tuning in.
NSE:CNX500Long
by InvestIn10
AFFLE INDIA LTD - Swing Trade Analysis - 29th June #stocksAFFLE INDIA LTD. (1W TF) - Swing Trade Analysis given on 29th June, 2024 Pattern: CUP & HANDLE BREAKOUT - Resistance Trendline Breakout with Retest & Pullback - Done ✓ (Pattern within a pattern) - Strong Volumes Buildup at Weekly Resistance Zone - Done ✓ - Multiple attempts to break the Weekly Resistance since 2022 - Done ✓ - Retest at Demand Zone marked for a small SL and a better RR - In Progress * Disclaimer
NSE:AFFLELong
by TradeRyteStockz
SJVN - Swing Trade Analysis - 12th July #stocksSJVN (1W TF) - Swing Trade Analysis given on 12th July, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Weekly Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress Please Note: - Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing - Always work in probabilities and always keep your SL in play constantly * Disclaimer
NSE:SJVNLong
by TradeRyteStockz
NIFTY PHARMA Sector Analysis - 10th July, 2024NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024 - After the breakout of the box consolidation in beginning of June, 2024 - The entire set of stocks in this sector has been showing continuous strength - Looks like there is a little more steam for the sector till it hits a pause at the resistance - Even with todays volatility the stocks showed some good pullbacks towards the end of the day Stocks in Focus: - Will be keeping a close eye on SYNGENE & GLAND (on a weekly time frame) - Going to wait it out for another day for the charts to form to give a sense of clarity Sector Stocks that have shown continuous strength from beginning of 2024: - Auropharma, Biocon, Divislab, Glenmark etc Sector Stocks that have show reversals since June, 2024: - AbbotIndia, Alkem , Cipla, DrReddy, Gland etc * Disclaimer
NSE:CNXPHARMALong
by TradeRyteStockz