Rising wedge pattern in 1 Hr time frame breaks down Rising wedge pattern in 1hr time frame breaks down & now it is getting retested. if got rejected nifty may see down move of 1000 pts in near future.
Nifty50_price_targets
Nifty 1D Technical Analysis - Nifty's fall has just started if things start to get worse we can soon see a 10% drop
- Nifty is anyways looking overstretched
- Nifty needs to retrace and that will be a good zone or time to look for long term picks
- Nifty has a lot of room to revisit 22,000
Nifty weekly anlysis for 25/06/24.Nifty on the weekly time frame has formed a doji candle and closed only 35 points higher.
Market is stretching a lot and there are chance of showing some profit booking or reversal as the candle on the dialy charts suggest.
For last 5 trading sessions, nifty has remained in a 200-250 points zone.
If nifty starts trading below 23415 levels, it can test minor support levels around 23300 and travel towards 23230 levels.
Major support levels :- 23230, 22925
Resistance levels :- 23659
Nifty from the low of this month has travelled 970 points while still 5 trading session are there.
In case of a break out, the market will be in an uncharted area can travel to the next thousands.
On smaller time frame( 60 minute), nifty is trading below the 20 ema, resting on 50 ema and there can be chances of it testing the lower moving average.
Watch for the moving averages trading strategy giving a entry or a fake down.
Wait for the price action near the levels before entering the market.
Nifty Technical Analysis - Nifty is currently trading at a crucial zone and POI
- Nifty's recent dump was completely bought back
- Nifty is trading at a crucial zone and I would like to see how the reaction is going to be once NIFTY starts trading above 23,400
- Another weekly close can signify a very good impulsive wave for NIFTY
KNR constructions longLong KNR constructions
CMP 265
Triangle breakout with good volume.
It can be fake breakout
So,
Buy Above 277
Stoploss 226
Swing Trade
Target 1 299
Target 2 310
Long Term
Target 1 317
Target 2 339
Nifty50 (16th May ) 2/3Hourly closing above 22160 then 📈 📈 to 22245 and beyond marked
Closing below 22160 in hourly candle 🕯 then 📉 📉 22091
( 22091 Imp support )
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty montly chart analysis for Month of April 2024.Nifty is around the ATH and there is profit booking at the higher levels.
The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey.
Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily charts.
Monthly charts has not formed a red candle still and is forming doji after doji which still shows no clear bearish indication. But the price is trading on the higher levels of the bollinger band.
Market participants be cautious as there seems to be a bearish month ahead.
This being the election year may remain volatile till the election results. Spike may be seen in this month or the next one either side.
Trend is still bullish and doji on the higher levels may indicate a reversal after a price action formation.
This month was a volatile one and market didn't settle either side. There was days when market has moved more than 400 points.
Last day move, is the only trending move in last 2 weeks, closing 180 points lower from the day high.
Price action is needed to be formed around the higher levels on higher time frame to confirm the trend.
Nifty moving in a channel on hourly chartNifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside.
On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but chances are shrink for the up move.
1. Strong gap up and struggle at levels 22125 or small gap up and struggle in the range 21960-21900 will be opportunity to short.
2. flat open and weakness then below 21800 can be short opportunity
3. Gap down and pull back to the range 21800-21840 will be another short opportunity
4. Big gap down and pull back to 21740 will be another short opportunity
check price action, weakness must be observed before going short or short with strict stop loss so that if it does not see resistance at the said level then short from next higher level
Nifty 50 analysis and targets for coming weekNifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside.
On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but chances are shrink for the up move.
1. Strong gap up and struggle at levels 22140 or small gap up and struggle in the range 21960-21900 will be opportunity to short.
2. flat open and weakness then below 21800 can be short opportunity
3. Gap down and pull back to the range 21800-21840 will be another short opportunity
4. Big gap down and pull back to 21740 will be another short opportunity
check price action, weakness must be observed before going short or short with strict stop loss so that if it does not see resistance at the said level then short from next higher level
Nifty weekly expiry analysis for 18.01.24.A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down.
The closing is ,below 20 SMA and EMA, around the day low.
MAJOR SUPPORT :- 21500
If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280.
Nifty is 2% down while banknifty is more than 4%.
Tomorrow is the weekly expiry keep targets and SL tight. VIX is up by 11% which means option premiums will be high.
Target levels :- 21365, 21280
Either it will go for another dip or it will halt in case of gap up opening (minimal chances). Avoid entering any bullish trade for intraday.
Price action is the key. Keep it in watch.
Nifty50 immediate supportNifty 50 has been opening with a down gap from two consecutive sessions and today it opened in between Immediate support zone of 21456 - 21349.
Shorts might get covered here.. and we see some bounce from here.
09 Jan ’24 — For a moment we thought the bearish had vanishedNifty Analysis - Stance Bearish ⬇️
Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term only. If Nifty50 manages to crawl back up the top line — we will have to reverse the stance to neutral.”
4mts chart link
Why did we really gap-up 144pts today? Was it because of the US markets which closed in strong green yesterday? Seriously we do not see any other reason and what it did was to scare the bears. The bears who had shorted 21500, 21600, and 21700 CE were on their toes today, shocked by the gap-up followed by a rising price action till 12.35.
The real deal was to watch the top line of the channel - N50 did not have enough power to surpass it and the longer it stood there, it was easier for the bears to regain control. We then fell a whopping 205pts ~ 0.95%. Even though we did not close in the RED, the price action in the afternoon rhymed with yesterday's bearish call.
63mts chart link
Interesting price action formed at the current levels. Seems like where we are right now is a crucial support/resistance zone that could decide the next trend. Our call of bearishness will continue until N50 can break through the channel top line.
Nifty Trade Levels Setup- Nifty is currently looking bearish.
- I think we can witness another fall of 500-800 pips
- This will evaporate all the late longs and fomo driven rally
- It's important for the price to reset as well.
Nifty weekly expiry levels for 04/01/24Nifty is currently sitting on the support of 38.2% fib level and it is a good support for the index.
This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day.
Major support levels :- 21420, 21300
If there is a flat or gap up opening wait for the bearish price action as market is in bullish trend on daily time frame.
Bullish trades only above 21585 with a targets of 21690 and 21830.
Wait for the price action near the levels before entering the market.
ZEE ltd Analysis!As per trend its bullish facing big resistance at 289 & trend line breakage today at the end of day.
Good Buying oppurtunity for holding from 285 to 281
Support at 281
Resistance at target 289 to 290
Nifty intraday trading levels for 02/01/24.Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema.
RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels.
Intraday targets for bearish move :- 21585, 21530
If there is a flat opening and market starts trading below today's low these targets can be achieved.
On the higher side, trades should be initiated above the resistance zone of 21820 with a proper Risk Reward ratio.
Watch for the price action near the levels before entering the market.
Max healthcare longMax healthcare long above 550
CMP 545
stoploss 495 (Daily candle closing basis)
Swing trade
Target 1 590
Target 2 617
Long term
Target 1 650
Target 2 700
Excellent Q1 results
capex is good.
Nifty expectation Oct 1st weekHello traders,
I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday)
To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on.
There will be retesting after every 50 to 70 points breakout.
Always stay cautious in the second half session. It could be either way move period. However I'm bullish if it crosses 19750 with a valid retest back to 19650 or 19700 levels.
Always previous day low and high , previous day close are important to note. It all could act as resistance or support on intraday basis.
Thanks
Nifty 50 AnalysisI see the Nifty has broken the 61.8% of Fibonaaci level and getting more weak relatively.
The sad part is the candle formed today 28th Sep is a bearish engulfing.
There is a chance that it can bounce to test the 50% Fibonacci level tomorrow ( 29th Sep 2023) as a short covering move. It also have a chance to fall decisively and test 19450 - 19400 levels. We have to watch out. Fingers crossed
A Drama could happen - It has a chance to fall in the morning to test 19450 and then it could bounce back for a short covering rally tomorrow
Granules India Triangle Pattern. Granules India trading in Triangle Pattern. It start to recover from potential buying zone near around 265. It may give run in near future.
nifty 50 elliot wave analysis Nifty 50 15 minute chart complete analysis impulse wave see chart
current time price move upside wave 3 and start correction wave 4 time vise and again breakout wave 5
Bullish Bank NiftyAs Per data And Chart Market Bullish
We said that yesterday market have big resistance 44500 and today market open Gap-up above this levels then market fall 44330 Market Took Support and break again 44500 and close above this .
Tomorrow we may see a good bullish move in the market
in Downside To Many Support Zone If Market Again Act like Bearish Then Don't Trade until break 44300.
For Upside If Market Trade Above 44700 then Buying Side Move Possible.
WE Don't Know Where Market open But For Upside 44700 is a resistance if market open above this then market took support or immediate rejection in downside then 44500/44600 Act Like a Support and market Move Upside
Nifty50 Weekly Tradesetup for 28th Aug to 1st Sept 2023
Nifty50 Weekly Tradesetup for 28th Aug to 1st Sept 2023
Looking for profitable Options trading opportunities for the week of 28th Aug-1st Sept 2023 In this Blog, I'll be sharing the option buying and selling levels for Nifty50 for the week 28h Aug to 1st Sept 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
