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Nifty50analysis

NIFTY might fall in the coming days.Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse. Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days. MACD - The signal and the MACD line seem too stuck to each and considering the already falling pattern, the line might cross over for a fall. Bollinger Band - The mean line seems to have lost the grip of the candles. If it does happen get a grip it still seems like a falling pattern. It would interesting to see what happens on 18/05/2020.
NSE:NIFTY
by varun7691
NIFTY IS PLANING TO TRAP BEARS IN NEXT WEEK SEE HOW ?NSE:NIFTY Trap is created in nity for bears to enter in current phase of nifty. See a pink color upper zone where price has reached to lower end of this zone. A reentry point has been created by bulls in white support line where they will test the demand to take price up from pink upper zone in coming days. A white structure move shown in fig is the pattren that will be created. I am expecting two leg move in up direction. Entry point for long is shown in fig. perhaps monday onwards for time being nifty is going to range bound for day or two. With trend pullback is expected that will trap all bears so no positional trades till price come to lower green trend channel line. In range bound trades one should be skilled enough to trade either sides with small pr booking. nity is in phase of re- accumulation after traping bears soon will convert into re-distrubution phase. so I do not expect nity can take out upper band of green channel in future. keep in mind the structure in white for next week. Rest market will decide. yogesh vats
NSE:NIFTY
by yvatsji
26
Is it time for nifty to bounce back upside? MaybeNSE:NIFTY Nifty has closed around its 200 day moving average its looks like it will probably bounce from here any gap down tomorrow is an opportunity for buy for me. If it breaks 200 dma and sustains bears will be in full control to drive prices lower to 11200. My plan: Buy any gap down or flat opening tomorrow and place stop loss around 70 points as per previous support, if trade fails and nifty sustains below 200 dma i will enter short position.
NSE:NIFTYLong
by chiragcyc