Nifty50analysis
Nifty got 2 major Resistance to break before moving upNifty got two Major Resistance, as you can see in the chart.
1st Major Resistance is at 15900 to 15920 level, from where nifty reversed more than 3 times.
2nd Major Resistance is at 15835 to 15845 level, which is also tested 4 times including today.
If Nifty gives break out 15920 and sustain, only then there will be any up trend. Otherwise market will head towards correction.
NIFTY 50 Index - LongNIFTY 50 - Long
Inside Candle pattern Formed
Will Go upwards in next few trading sessions.
Invest & Trade Wisely! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
NIFTY 50If Tomorrow Nifty opens gap up and break the resistance level and sustain above the blue zone then go for buying side
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If it get rejection near resistance level and break the blue zone go for selling side with Re-test and candlestick confirmation and with your technical method
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR EDUCATIONAL====
NIFTY 50 Index - BullNIFTY 50 Index (Chart as on 7 June 2021)
* Tested 4 times already at the bottom of the trend channel line and now moving upward
* break-out the head & shoulders pattern
* Clear Signal for a Bullish Market
* Still, chances are there to re-test at 15320-15400 range, as a small correction
* But overall it seems like a bull market for next 1000 points
Good Luck!
***
You can also see my other stock analysis and the results in my profile ideas.
Please follow me , If you would like to see more ideas on winning stocks.
***
**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
****
nifty analysis for tue 11th may| END OF DAY 10TH MAY|it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
#banknifty #nifty50 #niftydatanalysis
*Please consult your financial adviser before taking a trade, this video is just for educational purpose
Nifty 50 Intraday Call | Possible Options Strategy> Targets and entry points are mentioned on the chart.
> Try to square off your position on an intraday basis if it doesn't break the positional levels.
> Take positions only if the last 30 mint candle breaks the targets.
> Also in a major breakout or upward momentum you can take positions.
ThankYou :)
NIFTY LEVELS AND MOREI've plotted few important levels for NIFTY on the chart.
One thing I noticed was the 200 MA nearing the current price which shows signs of weakness and possible drop after a week of consolidation.
The more there is consolidation the more aggressive will be the trend bearish/bullish.