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Nifty50pricetrendanalysis

NIFTY50 - AN INGISHT FOR INVESTORSSymbol - NIFTY50 CMP 25305 If you are a long term investor, one thing that will help you to decide when to invest - Nifty monthly RSI. As and when RSI moved above 80, markets uniformly correctly (around 20% usually) & as and when RSI came below 40 level, markets uniformly rallied. Now RSI is at 82 Fundamentals are also showing that overall market is modestly overvalued. What you want to do or should you be worried ? tell me in comments below. P.S. : I'm out of all longs & have entered shorts.
NSE:NIFTYShort
by akshit_official
2
Nifty 50 Index spot 22904.45 by Daily Chart viewNifty 50 Index spot 22904.45 by Daily Chart view - Resistance Zone at 23875 to 23975 for Nifty 50 Index Band - Can we expect the Right Shoulder depth act as a Support base alike of the Left Shoulder depth near 22700 to 22800 ??? - If the Right Shoulder gets sustained, a Support base in sync with the Left Shoulder of the Bullish Head & Shoulder pattern may get activated - Let us hope for the best to happen expecting some fresh breather over the next week basis the fact that, the Markets are always Supreme to look up to ......
NSE:NIFTY
by PIYUSHCHAVDA
NIFTY50 - DON'T MISTAKE THIS RALLY FOR A TREND REVERSALSymbol - NIFTY50 CMP - 23350.40 The Nifty50 is still trading within a bearish technical structure. As of now, the index is currently trading at 23350 after a strong up move. Given the ongoing downtrend and resistance levels, there is a strong possibility that Nifty may experience a pullback from these levels. I had shared a trading idea on Nifty50 when it was trading around the 21900-22100 levels, stating that a retracement on the long side was due and that it could easily touch the 22800-23000 levels. Nifty gave a strong up move from those levels, and both targets have been reached. Upon closer inspection of the Nifty chart, it is evident that the index is still in a downtrend, making lower lows since the beginning of its fall. We witnessed a sharp rally from the 21800-22000 zone, which is common in a bear market. Such sharp rallies are often misinterpreted as trend reversals, but in reality, the faster these rallies come, the quicker they tend to get sold. The bearish structure remains intact and has not been broken. For now, Nifty still appears to be a sell on rise. For those following the trend, the 23300-23600 zone is the ideal range to go short, as this area aligns with a strong resistance zone and the formation of another swing high. At this point, it seems likely that the market may consolidate between the 23300-23600 zone before showing a sharp down move. If the market does reverse its trend, we can only consider that possibility after a breakout above the 24000 zone, which would be a key signal for a trend shift.
NSE:NIFTYShort
by akshit_official
11
Nifty 50 Index spot 23519.35 by Daily Chart view - Weekly updateNifty 50 Index spot 23519.35 by Daily Chart view - Weekly update - Support Zone at 21800 to 21950 Nifty 50 Index Band - Resistance Zone at 23875 to 23975 Nifty 50 Index Band - Falling Resistance Trendline Breakout seems to have been sustained and also Support Zone still kept respected - A Bullish Head and Shoulders pattern formation in process, just by taking a hypothetical thought process viewing - An out of the box and entirely different point of view and perspective one may anticipate about Nifty 50 Index outlook - Going by this Hypothetical H&S probability for the Nifty 50 Index Chart, we may anticipate good fire crackers to observe - As such this is just a high level technical chart pattern formation and the Market are always Supreme to work in their own ways
NSE:NIFTY
by PIYUSHCHAVDA
2
Nifty 50 Index 22124.70 by Daily Chart view: Different ViewpointNifty 50 Index 22124.70 by the Daily Chart view - Different Viewpoint A different point of view for the Nifty 50 Index Technical Chart Setup Analysis. This is solely and purely my personal perspective for the Bearish Head & Shoulders pattern's. I will be happy to welcome and get your fine line pointers for the improvement on the Technical Analysis for this Chart Setup. Thank you in advance to One and All. The 1st H&S Bottom is broken down and now need to look forward, if ..... Nifty 50 Index touches the 2nd H&S Bottom or takes an early reversal ..... Hope for the best to happen and keeping fingers crossed. God Bless All.
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 22795.90 by the Daily Chart viewNifty 50 spot 22795.90 by the Daily Chart view - Nifty 50 Index 22775 to 22950 Support Band is yet sustained - Long shot deep Support Zone seen at 22125 to 22350 which for now seems bit (un)likely by current technical chart status setup - Just a flag to highlight : Nifty Index had dipped up to 22720 in recent past few days and similar levels was Resistance Level in April 2024 for 23K Index target - Few of the Gap Ups and Gap Down openings, yet are remaining to get closed and filled in below the Old Long Shot Support Zone at 22125 to 22350 for Nifty Index levels
NSE:NIFTY
by PIYUSHCHAVDA
NIFTY50 Head & Shoulder Pattern in Weekly Charts₹₹Nifty50 making Head & Shoulder in Weekly Charts with Price range of 3000 points(23266-26277). If Chart Pattern play-out perfectly then Target price range will be 2500-3000 points till 20288 levels. Nifty50 also have a gap on 20288 levels bcoz of Election Results of 4 States on Dec 3,2023 after that rally started. Now Nifty50 can fill this gap if Chart Pattern play-out perfectly. I will wait for Nifty50 to break down 23266-22777 levels zone & closing below 22777 levels. If Nifty50 close below 22777 levels then Short Nifty50 for Targets of 22122, 21777, 21288, 20777 & 20288 with Stop Loss of 23444. But this Pattern will fail above levels of 24555. Most Important we have to carefully watch RELIANCE bcoz it's already at 52 week lows & At Parallel Channel Support in Monthly Charts. If Reliance also give breakdown of channel then it will be easy for Nifty50 to reach all targets. Similarly HDFC BANK at upper Resistance of Parallel Channel in Monthly Charts.
NSE:NIFTYShort
by K_Dyadav
Nifty 50 spot 23532.70 by Daily Chart view Nifty 50 spot 23532.70 by Daily Chart view - 2 nos of Gap Down Openings are closed between 24350 to 25080 level range - 2 nos of Gap Down Openings will get closed in next ATH creations process near ATH 26277.35 - Most probable Support Zone likely at 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 23453.80 by Daily Chart view - Update to old Chart*Nifty 50 spot 23453.80 by Daily Chart view* - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - *Old times Gaps to be filled will be a longer shot to expect if markets take a nosedive below 21180 Nifty 50 Index trading range* - Huge Downfall of 04th June, 2024 closed many of the past Gap Up Opening and Gap Down Openings between 21181 to 23338 Nifty Index trading range - Update to old chart shared last week
NSE:NIFTY
by PIYUSHCHAVDA
2
My personal view on the Nifty 50 spot 235559.05 by Daily Chart v*My personal view on the Nifty 50 spot 235559.05 by Daily Chart view* - 2 nos of Gap Down Openings are closed - 2 nos of Gap Down Openings will get closed in next ATH creations process - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings - *Nifty 50 post hitting the ATH retraced and formed a Bearish Head & Shoulders pattern and pretty much has covered the depth by the neckline* - *Based on the Technical Chart Setup, we may now anticipate and expect to look forward for an upside reversal to happen from the Support Zone*
NSE:NIFTYLong
by PIYUSHCHAVDA