Simple Trade Setup | NIFTY | 16-12-2021 [ INTRADAY ] NSE:NIFTY
Observations:
1) On 15min time frame, we can see resistance trendline, if it sustain above it then we can see up-move.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date: 16-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.N
Nifty50analysis
Simple Trade Setup | NIFTY | 24-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it is still above 100DMA but below all of other short term Moving Average. Such as 10, 21 and 50 DMA.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty 50 Analysis for Nov 18th 2021Note: NSE holiday on Friday (19th Nov)
Market likely to gap down on 18th Nov.
If Gapdown:
Wait for price action to enter a trade on down side
If Gapsup:
A good opertunity to short at 18k levels
PS: Market may make big red candle tomorrow in Both Nifty & BANKNIFTY - Sell sell sell and super sell for big institutes after prolonged Red days since 6 days.
Simple Trade Setup | NIFTY | 08-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it again back and closed on the support trendline.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date 08-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NIFTY TO 17830 SCENARIO || BULLISH GARTLEY PATTERN|| DAT TFNifty could fall more if the price manages to close 17968 in day basis.
The breakout below 17968 could trigger a fall up to 17820 and then a sharp reversal can be seen.
The bounce could be up to 18150 from 17820.
Below the 17820 levels, the long unwinding may start. This should be the stoploss for longs.
Keep in mind, the RSI is at 50, if RSI falls below 50, then the fall could be faster till 30.
Best setup: Buy at PRZ ( between 17820 and 17720) when the RSI is near 30 or below.
Happy trading :)
This is just for educational purposes.
Simple Trade Setup | NIFTY | 22-10-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On daily time, since it was trading far away from it's short DMA, which is 10DMA so this kind of correction was necessary.
Today, it finally came near to 10DMA and it managed to close above 10DMA.
And all major 3 gaps are filled above 18000 level.
Please refer below chart : 1day Time Frame.
2) On 15min Time frame, major critical support zone is at 18042 to 18060.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 05-10-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 05-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 04-10-2021[ INTRADAY]NSE:NIFTY
Trade Setup for Date 04-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
HIGHEST PROBABILITY SETUP FOR OCTOBER 1BUY:
When 17800 is broken as it is a stiff resistance (0.618 fibonacci ratio reversal) and nifty has reversed 2-3 times in the last expiry.
SELL:
When Nifty breaks 400 ema on 15 min chart , it will be breaking 0.618 fibonacci ratio, previous swing low,and it will be breaking 200 ema on 30 min time frame and 100 ema on 1hr time frame, thus making it as the highest probability trading setup for 1.10.2021.
If you liked my trading setup please do hit the like button and also FOLLOW me for regular updates.
Till then,
Happy Trading :)
Simple Trade Setup | NIFTY | 30-09-2021 [Intraday]NSE:NIFTY
Trade Setup for Date 30-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Nifty50 analysis for tomorrow 29th set 2021Nifty50 analysis for tomorrow 29th set 2021. Both Sensex and Nifty ended in the red terrain. Domestic sentiment was impacted by negative cues from other Asian markets. Sensex is down 829 points and the Nifty tumbled 217 points. Among the sectors, the realty index is down over 3 percent while the IT index shed more than 2 percent.
Simple Trade Setup | NIFTY | 28-09-2021 [Intraday]NSE:NIFTY
Trade Setup for Date 28-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 27-09-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 17-09-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 17-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Nifty may turn to red from Green!! Be cautious!!An uptrend, which is a series of higher swing highs and higher lows, reverses into a downtrend by changing to a series of lower highs and lower lows. A downtrend, which is a series of lower highs and lower lows, reverses into an uptrend by changing to a series of higher highs and higher lows.
In the current case, the Nifty is making LH LL and hence, it is possible that Nifty may turn to red and close below 17500 (if not broke 17565-70).
PS: Kindly discuss with your financial advisory before taking any trade!!
Simple Trade Setup | NIFTY | 15-09-2021 [INTRADAY]NSE:NIFTY
Today was sideways. So levels will remains the same as per our earlier levels.
Trade Setup for Date 15-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
TRADE SETUP WITH ABCD PATTERN. GET YOUR SWINGS RIGHT. NIFTY50This tutorial is on the ABCD pattern and the instrument used here is Nifty 50.
ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high.
The trade setup is explained on the chart for both longs and shorts.
On breakout of point B, a swing high is taken out and point D would be our new swing high or it might be in the PRZ.
For shorts, directly you could open a position at point D but confirmation is breaking off the trendline in the shorter timeframe.
The profit-taking for the short position will be at 0.382-0.618 fib retracements of CD. The price bounced off from the 0.618 fib retracement.
Harmonic patterns give us decent risk-reward ratios for the trades. Practicing these and getting the logic would make us a lot better.
You can check out my ideas where I often use harmonics to analyze and give a trade setup.
This is just an educational post. Going long and short immediately could not be practical at all times. :)