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Nifty50trend

Nifty 50 spot 24339.00 by Daily Chart viewNifty 50 spot 24339.00 by Daily Chart view - Most probable Resistance Zone seen at 24750 to 24875 for Nifty 50 Index - Gap Down Opening of 03-October-2024 got Filled Up and has been Closed - Gap Down Opening of 05-Aug-2024 of 336 points got filled in by downfall of Nifty 50 - 24050 to 24175 decent Support Zone and it seems Nifty reversed tad low from 24073.90 - Nifty 50 Index traversed inside Bullish Rising Price Channel till the end of September 2024 - Currently in Bearish Falling Price Channel but seems taking reversal at Support Zone 24050 to 24175 anticipating upside
NSE:NIFTY
by PIYUSHCHAVDA
30th Oct ’23 - Nifty50 Shows Strength, but bullish only >19310Nifty Analysis Recap from yesterday: “A simple Fibonacci level places the 23.6% retracement level at 19083 and 38.2% at 19227. Ideally, the bearish trend could still be intact until 19227 but the problem is that we cannot predict with certainty if that would come in this weekly series or not. For Monday, I wish to go with a neutral stance and choose the direction based on how markets move in the forenoon session.” We opened inline and then started falling rapidly. We hit the intraday low of 18940 at 09.40 and things were looking quite bleak then. I was gearing up for going short, but we had a sharp reversal from there. The recovery was exactly 1% ~ 189.7pts to hit a new swing high of 19129 by 12.00. Nifty50 did not stop there, it attempted leg2 till 13.35 and then leg3 till close. Somehow the price action of yesterday and today combined shows early signs that the bears are getting outnumbered. Even though we added 93pts today, I have still not changed my stance to bullish. 19226 is my first level to watch out which coincides with the 38.2% retracement level of the recent fall. Then the most important zone of 19310. Ideally, I wish to go long only if the 19310 resistance is taken out. The options data also shows bullishness, but bear with me for a while here. I do not wish to jump the gun early and go long. I prefer to do that only if the bulls are that strong. In case the bears would like to make a comeback this week - 18880 level has to be broken quickly. The longer it stays above this zone, its going to be tata bye bye bears.
NSE:NIFTY
by viswaram
Nifty Technical Analysis: Will Nifty Bounce Back?On December 1, 2022, Nifty reached an all-time high of 18,887. However, since then, it has experienced a downtrend. On March 20, 2023, Nifty hit a low of 16,828, which is nearly an 11% drop from its peak within just 109 days. Fortunately, Nifty has recently started moving in an uptrend channel, and on June 28, it broke its previous all-time high. As of June 30, 2023, the closing price of Nifty is 19,189. Now, I anticipate that Nifty will retest its breakout level in coming days, which is around the 18900 - 18800 range. This level, which was previously a resistance, is expected to act as a support level going forward. Additionally, Nifty should find support from its bullish trend line within the bullish trend channel. Remember, trading is not just about profits and losses—it's a journey that requires determination and perseverance. 💪💰 ✨ Key Terms Explained ✨ All-Time High: The highest price level that an asset has ever reached. Downtrend: A series of lower highs and lower lows, indicating a bearish market direction. Uptrend: A series of higher highs and higher lows, indicating a bullish market direction. Breakout: When the price surpasses a significant level of resistance or support. Support Level: A price level where buying pressure is expected to prevent further price decline. Resistance Level: A price level where selling pressure is expected to prevent further price increase. Trendline: A line drawn to connect multiple support or resistance levels, showing the overall trend direction. Please note that this analysis is purely for educational purposes, and I am not a SEBI registered analyst. If you found this analysis helpful, please consider liking it and leaving your observations in the comments section. Your feedback is crucial in keeping me motivated to consistently provide valuable content. Thank you for your support, likes, follows, and comments. To stay updated with more articles and trade setups, feel free to follow me on TradingView: in.tradingview.com
NSE:NIFTYLong
by AfnanTAjuddin
2
nifty 50 Weekly overview from 16 Jan to 21-01.2023 full bullish Weekly Analysis 16-21 Jan 2023 Trend will be Bullish (80% Chance) Reasons & Knowledge applied 1. uptrend Confirmation with Volume Support 2. Type 2 Strategy of Uptrend 3. Price is Above on Fib 50% Level Major Week Support 17900 & 17760 Major Week Resistance 18140 & 18390 above 17880 full bullish before entry just check Volume should be high from prev candle 15min Below 17760 full Bearish just check volume confirmation like above Educational Only Support For Intraday use 5,15 Min Time Frame for BTST Swing 30& 1Hr Time Frame Note For Intraday use VWap indicator above vwap buy only after retracement eg assume vwap line in on 17880 and nifty is trading something around 17920 so this mean price is all ready above vwap line mean trend is up but we can't enter directly at 17920 because you guys already knows that price travel in swings zig zag patter so we will wait the price to down near about vwap line. then we find reversal pattern near at vwap line (reversal pattern bullish pattern with volume confirmation eg bullish engulfing pattern etc) then we should trade for uptrend . its opposite is true for downtrend. Before Entry check basic of uptrend like higher high and higher low, for down trend low and lower highs. as you know in lower time frame trend may be change instantly, i will publish more ideas in future if you guys support me. Advice : if you are beginner with just around 1 year experience in market then do practice of uptrend and downtrend basics on live market without put your hard earned money. have a good day
NSE:NIFTYLong
by amitatry
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.
NSE:NIFTYLong
by Sanjan91
NIFTY 50 Index - LongNIFTY 50 - Long Inside Candle pattern Formed Will Go upwards in next few trading sessions. Invest & Trade Wisely! 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/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 . ***
NSE:NIFTYLong
by pmosesoliver
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. ****
NSE:NIFTYLong
by pmosesoliver
1