The in depth analysis has been explained in the chart itself. My whole analysis is on the basis of pure price action and no indicators are involved/used. Similar chart analysis can be seen on reliance chart as well on friday. Looks like on Monday reliance may support nifty to move upwards!
Nifty although made a high of 10553, still its trading in a channel. Close above that on daily basis will trigger a bounce towards 11000 and as its respecting 10548-10553 zone a dip towards 10071 is highly possible. That will b a buying opportunit.
nifty levels for 16/6/2020
note 9600 is strong support and 10000 is strong resistence
the levels which i have marked on the chart can be reversal also use your price action knowledge and trade safe
nifty in the still not bullish nor bearish just note the range and trade safely
just follow the market don't be bullish or bearish ...let market go on its direction we will trade on its direction an take profit
just follow the price action
coming to the point ; the range for nifty in this week could be ;
the upper price limit :10200
the middle upper...
NOTE THE POINTS WHITE LINES ARE INTERMIDIATE AND SL LINES GREEN ARE BUY AND TGT LINES
RED ARE SELL SIDE AND TGT LINES
BOOK PROFIT AS SOON AS POSSIBLE DONT BE GREEDY AND LET YOUR PROFIT GO
THIS ANALYSIS IS FOR EDUCATIONAL PURPOSE ONLY
TRADE @ YOUR OWN RISK
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...
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...
**Nifty near at 38% of Fib level and at major support area and respect 5 months trend line..breaking 11760-11740 then expected more down fall of 150 points to 500 points and upside closing >11850 then upside 100-300 points in coming few days.**
NSE: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...
NIFTY 50: WEEK-TECH-SHEET->26th August 2019 to 30th August 2019
Nifty 50 moves around +385.20 pips from 26th August 2019 to 30th August 2019, in which nifty 50 did not break last week 19th August 2019 to 23rd August 2019 top nor bottom.
Nifty 50 AUGUST = --544.30 pip