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Nifty50analysis

Elliotical approach to Nifty50 Long.Hello Traders! 1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf . 2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern. 3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever suits the individual. 4. Let's talk about wave equality . In an impulse, the 3 motive waves (motive wave is just the wave that is going with the trend, i.e., wave 1, wave 3 and wave 5), tend to be in a harmonic ratio . There can be multiple scenarios aka ratios and 61.8% (the favourite of the public XD) is obviously one of them. As we can see on the chart, Wave 3 is almost 61.8% of Wave 1 . This gives us a picture that the possibility of Wave 5 being 61.8% of Wave 3 is pretty high. Of course, that may change, but too high a chance to just ignore. That sets us a target of 19200 to 19300 for Nifty50. 5. Another point that must be noted is that when we put 61.8% as a retracement level on wave 2 and use it as a Fibonacci divider , it also gives us the same target of 19200 to 19300 . This is out of the books and just an observation. 6. The triangle that we see is a questionable . Because we haven't so far seen a triangle form for wave 4 inside a diagonal. But if this works out as predicted, then that should be the most likely picture, a triangle can be there inside a diagonal. And before anybody questions, I have scoured certain books and haven't found any reference for a triangle inside a diagonal. Anybody having a better idea or picture is welcome to comment on it. 7. We also have a two bar reversal on the daily tf . Confirmation for that will be the break of high of the higher candle. 8. And, apart from everything, we work in the field that has infinite possibilities for every individual and hence itself has uncountable possibilities. We just get better at predicting the best possible outcome. So yes, even though the possibility for Nifty50 giving a breakdown , as far as I'm concerned, is very unlikely, it is still there. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
NSE:NIFTYLong
by UnknownUnicorn27677748
Nifty analysis for 30/01/2023😎😎Now smart trader will comeAnalysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in nifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/ 01 /23. but due to some rules and regulation the post was been private. Ok leave it. Let's discuss moday's market Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday nifty may touch the demand zone which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management. Target will be the supply two zones which is marked in the chart. Mark the zones and trade in 5 min because i couldn't post it in 5 min timeframe. Alert for tomorrow's market: if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M) Remember if market doesn't follow this setup if continues to fall then do one thing when moday's low is breaked by a 5/15 MIN candle then only go for selling. you guys know where i can post more about this i will not tell, u guys guess what i mean to say. Be smart😎 Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTY
by pn202377
Nifty Daily Levels Update For Option Day Trading Nifty ConfirmTarget 13 December 2022 Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 18444 - 18455 Second Support Zone For nifty50 – 18380 - 18385 Third Support Zone For nifty50 – 18298 - 18314 Resistance Zones For Nifty50 Intraday Trading First Resistance Zone For Nifty – 18554 - 18547 Second Resistance Zone For Nifty – 18615 - 18608 Third Resistance Zone For Nifty – 18680 -18670 Importent Signal from Nifty Option Chain PCR ratio as per Option Chain Analysis – 0.7 ( Bearish ) Max Pain As per Option Chain Analysis – 18500 Major Support as Per Nifty Open Interest Analysis – 18400 /18300 Major Resistance as Per Nifty Open Interest Analysis – 18600
NSE:NIFTYLong
by manojshinde27
NIFTY 50 30-AUG-2022 PROFIT BOOKING PROFIT BOOKED 1:3.5💯💯 Used 5min Time-frame for Trading Yesterday I gave my levels and setup for trade. But as today market opened gap up, I updated new Levels. Kindly check my Yesterday post pinned below.I have updated new levels in morning as market opened gap up Used past analysis to find support and resistance level on 15min time frame. On 5min Time-frame waited for breakout or breakdown. As NSE:NIFTY breakout, ON 5min Time-frame then waited for pullback+Confirmation and took trade at 11:05 Hence profit booked. What if didn't go my way? Simple take my stop-loss. Because we can increase chances of profit by strong analysis. But no analysis is 100% perfect. Just obey stop-loss or Take profit. You will be profitable. Like and comment below your views
NSE:NIFTYLong
by SardarGMarkerTrader
Nifty 50 overviewThis is nifty 50 1hr chart analysis to find target for Jul 2022 months and so, starting from 10-16jun formed shoulder then 16-21 formed head n 21-23another shoulder , so our first target was one shoulder height from breakout point, which shown in green arrow, if we look last 1 hrs candle of 23jun there is no upper wick that showed market could go up, next day market broke out its neckline n gave gapup opening, in next 2 hrs we saw a profit booking as market was in downtrend, but it did not brake its low , instead broke day high n sustained, n next day on 27th it gave our 1st target of shoulder, now as per head target is 16170(green arrow), before that if we see 27-29 Jun 1 hrs chart making lower high n lower low pattern however did not brake its ascending trendline in thick red which is giving support from 2ojun. If we connect 27-29jun candles high it would form a symmetrical triangle whose breakout target would be around 16000 level, now we can also see an ascending triangle support from 20-29jun and resistance at 15900, which gives us target of 16475(blue arrow). Such chart patterns indicates bottom is being created n market is ready to move up.
NSE:NIFTYLong
by praveshk2