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Nifty50_price_targets

Short Nifty 50 If Nifty 50 sustains below 15670 there is a chance that these given levels will be tested in the upcoming days. As today's expiry day, if Nifty manages to test these levels, that will be a golden jackpot. VIX is very low, options premiums are too low, after 1:30 PM , we can try 15650 PE/15700 PE if it breaks 15670 levels. With Stoploss at 15700, it's worth a try to do hero zero trade. Above mentioned may not happen today, so manage your risk while trading. Have a nice day!
NSE:NIFTYShort
by Sanjan91
Nifty will troll as investor wealth will fall. EXHAUSTION GAP IN NIFTY. NIFTY 14/04/21 gap will opens higher and closes lower, leaving a large red-colored candle, depicting a tremendous amount of selling. Notice how the price action shown in this chart is trending higher prior to the exhaustion gap, and the gap and following price drop appear to break the most recent trend. Whatever was driving these buyers to purchase the stock at these prices was drawing the attention of many potential investors. Once the price reached its highest level, then it was as if there were simply no more buyers to push prices higher. Corona factor build up fear in investors and people started exiting their position. The principle behind an exhaustion gap is that the number of likely buyers has diminished and sellers have aggressively stepped into the market. The buyers may be largely exhausted implying that the upward trend is likely about to stop as sellers take profits from a previously extended rise in the price of the stock. The exhaustion gap has three particular features. 1. Several weeks or months of upward trend in the share price of a stock. 2. A sizable gap between the lowest price of the day previous and the highest price of the most recent trading day (roughly half the range, or better, of an average trading day for that stock). 3. An above average degree of trading volume taking place on the current day. When these three components all exist in a two-day price pattern, it is usually referred to as an exhaustion gap and technical analysts expect that this signal implies prices will trend lower over the days and weeks ahead. Exhaustion gaps can be difficult to identify and may be easily confused with runaway gaps. EDUCATOIN PURPOSE
NSE:NIFTYShort
by Mantubora
3
NIFTY50 on 15 mins chart.Nifty has make a falling wedge pattern similar to BNF and there’s a breakout happened with good increase in green volume. Usually While trading wedge pattern the target is set as the same price distance before start of the wedge formation. Shown as A on chart. As the breakout of wedge pattern has happened we believe that upcoming movement will be to the same price distance of A. That means point A=B. We can also observe Fibonacci 61.8% collapsing with same price distance as B as shown on chart. Trade safe. We can have 50% Fibonacci level as first target 61.8% as second target.
NSE:NIFTYLong
by Trademint08
NIFTY 15 MINS WAVE COUNTSHi friends, Nifty as per my previous analysis and follow up updates() failed to cross the #keyresistance and hence ended with #fakeout(failed breakout). So as I expected further down swing or one more down swing...which did unfold decisively today. what next..? VIEW: Expect to bottom out in the zone as shown in the chart. Structure/Pattern: impulse + double zigzag(irregular wave B) + impulse Keynote for traders: As I have been mentioning in my previous posts ;till key invalidation point is not breached I stay bullish in slightly bigger picture. >>till major resistance is not taken out...all trades to be taken on the negative side in intraday. Positional traders should wait for "KEY RESISTANCE" breakout to "plan their entry" or they may take a bet as nifty approaches "key invalidation point for better risk/reward ratio. Trading Plan: #As there is pandemic fear one can hedge their long position in nifty if one wants to take a long bet near support zone(greenzone).DM me for any help with this regard. #Look for confirmation near that support zone using one's own method(indicators/price action/moving average) and then go for long position #Don't bet more than 2% of one capital for total risk in the trade. #Disclaimer: Above analysis can be referred to as educative in nature. One has to take decision as to trade as per his own risk. Good Luck guys...keep trading...keep rocking 💥💥💥
NSE:NIFTYLong
by ravaye27