Sell NIFTY around current zone for an immediate target of 10470 and 10420. Stop loss 10600.
Daily retracements and volume supports taken for Stop loss and target levels.
1) NIFTY on day chart has been trading withing a symmetric triangle since early Feb
2) Trading below 89 DEMA and 144 DEMA and SuperTrend giving a sell signal. We can ignore this sell signal as long as Nifty trades above 10170 on weekly close basis. In a trending market lagging indicators tend to give false signals upon a pull back/correction.
3) A break above ...
On Monthly chart, as of now, Bearish Engulfing pattern can be seen, however the same will be confirmed at month end , if it see a close below 10404. ( Wait for it ).
On Weekly Chart: There is a Bearish Enfulfing Pattern, followed by a gap down , the gap has not filled yet. The Same Gap may serve as Possible resistance - 10702-10736 . Since then weekly closing ...
Double Top and Bearish Engulfing candlestick pattern formed on Nifty. It is a signal for bear to takeover the nifty from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"
Nifty Jet Planes are get ready to fly and current status on standby mode. Waiting for confirmation signal of breakout and whichever the breakout signal happen, particular jet plane will start to fly and mission target of 11000.
Watch the levels for breakout,
Breakout level 1 - 10325 (Jet plane 1 on board)
Breakout level 2 - 10285 (Jet plane 2 on board)
I will ...
In today's session a follow -up bearish candle has formed, which was quite expected on seeing strong Bearish engulfing in yesterday's session.
If you look at candles, you could find that the today's momentum was bit less than the previous session, which suggests keeping near near term resistance levels in check, so that the further move can be tapped on the right ...
The first link is of Nifty daily chart where Nifty is close to two zones namely zone -1 & zone - 2, from where an impulse action has the possibility to hit the first competitive target of 9792.05 . Many are saying that there might be a support at around price range of zone -1, which according to the daily chart it is showing that it is a supply becoming demand ...
A quick overview at how the Nifty is shaping up into the period going forward having witnessed a good correction of just under 3% from the recent highs it has just made. Chart speaks for itself!
Currently having main resistance at 9682. If it is not broken soon enough, their is high possibility of consolidation.
In any case I believe it has not hit the actual resistance, but their is time for it.
Bull Shark pattern on Nifty (spot) but the price not yet fill the pattern so need to wait for completion of the pattern. Once the pattern get filled then bull shark will take over the price to upside. I am expecting to fall up to 9550 and pattern also get filled. This pattern gives you the signal to buy(long) only.
Levels of Nifty (Long)
Level to enter - ...
