NIFTY50 (1W TF) UPDATE - 15th April, 2024 Pattern: ASCENDING CHANNEL - Reversal at the top of the Weekly Channel Resistance - Done ✓ - Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday - Geo-political tensions due to the Israel-Iran conflict might also have some repercussions - Volatility is going to be high -...
Nifty is around the ATH and there is profit booking at the higher levels. The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey. Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily...
A trend line support broken yesterday most probably price will retest, act as resistance and go down. 50 EMA is also on this level make it as strong resistance. if broken market will go till 22300. be careful, be watchful and enjoy the trading. I am not SEBI Registered Advisors. This Idea is purely for training and educational purposes. I shall not be...
NIFTY50 Update - 22nd Feb, 2024 - Lots of Volatility - Levels marked out to get an understanding of the movement - Keeping the Risk Management in Play till a clear indication of reversal forms out - Don't overthink the trades, but instead flow with the trend of the market #nifty50 #indices
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “On the 63mts TF, N50 is still looking strong — we would keep our first support level(weak) at 22051 and the main support at 21913.” 4mts chart Bulls were roaring and seemed like the entire territory was under their control and then suddenly from nowhere, we got a flash crash. Nifty50 hits a new ATH of...
Nifty is moving in a channel on hourly chart and seems like contraction which can take it either side. Upside after 21140 the sky is open but on downside there are many supports like 21840-21800 and followed by 21740 are strong support numbers. 21730 is monthly expiry since last 2 months and hence not easy to break. Till the time Nifty is in this tight range OTM...
Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...
- Nifty is currently looking bearish. - I think we can witness another fall of 500-800 pips - This will evaporate all the late longs and fomo driven rally - It's important for the price to reset as well.
Hey Guys Nova this side, Here is the trading setup for today, which will help you to find the S/R levels to make clear decision before jumping for the trade
Nifty Analysis Recap from yesterday: “On the 1hr TF, we have formed an island just above the 19776 levels. Today’s swing high has taken out the highs of 12th October. I wish to continue with my bullish stance as long as the support of 19776 is respected. Ideally, the next target should be 19907 and then 19998 if we are going up. Not sure why, but our markets are...
Hello Traders. Nifty traded in lower range throughout the day and closed around 19528, good thing is nifty above 19500. If you Check Nifty has not closed below 19500 in last 20 sessions. Means it is simple buyers are accumulating in the range of 19475-19500. Any closing below 19500 will take nifty towards 19200 for sure. NIfty is safe above 19500. In case we get...
FWB:NSE : NIFTY Weekly Analysis! Rising Wedge Pattern in Nifty 50 Weekly Chart! Rising Wedge Pattern with Upside Breakout! Nifty 50 is trading at its all-time high, don't be greedy in this situation. We can see the strong upside momentum but hold your horses. We can see, I have applied fib retracement on the current price action(prev high and prev low). Now...
Check chart Nifty in a month or two will start a very big move of 2000+++ points in 2-3 months.... disclaimer : This is for educational purpose only........
Nifty 50 15 minute chart complete analysis impulse wave see chart current time price move upside wave 3 and start correction wave 4 time vise and again breakout wave 5
Bullish Divergence at Play for Asian Paints Stop loss of 3100s Target of 3350s Bullish Hidden Divergence Small Risk & Big Reward Set up
Nifty50 is in consolidation state. With strong support at 19320 -19340 the price may test the support level for this week. If the support level breaks then the market would be moving into bear market with no specific resistance level untill 18900.
Do your own analysis and take the trade. All the best
Nifty has given a break out of the parallel channel and is ready to touch 20k levels soon. Bullish trades for positional trade in august series can be carried now. Index from the first hour was in the bullish move and carried the momentum through out the day and gave a nice move in the closing hour of the market. Nifty has given a 146 points gain in a day and a...