I would greatly appreciate , if you give me LIKE . Follow NEVADA TRADING Idea is for positional trading not Intraday trading.
Hello fellow traders in India, I did TA on NIfty chart and it doesn't look good. Overall the whole price action is constrained within a rising wedge which is a bearish pattern suggesting a major reversal is coming . On the weekly chart i am seeing a Head and Shoulder pattern which really adds to the bearish bias and tell that the top for the uptrend has been...
May be there is a Head and Shoulder Formation in process in Nifty on Monthly Charts. Neckline comes around 10039. If this 10000 odd levels break, then the target can be 9000 in Nifty!
Normal projection of wave C could be a reversal range in nifty for high above 11118. To find out exact reversal we need to concentrate on the decline from 11118. will update here...
For Bull View Nifty will have to move fast above 11118, any delay below 11118 is a warning for bulls. Nifty if could not sustain 10913 level then it may fall in the range of 10534-10334 as wave C as shown on chart.
NIFTY 50: WEEK-TECH-SHEET-> 28th January 2019 to 01st February 2019 Nifty 50 moves around + 399.80 pips from 28th January 2019 to 01st February 2019, in which nifty 50 break last week 21ST January 2019 to 25th January 2019 low 10756.45 but did not break top 10987.45 As mentioned on reference 19th December 2018 evening order If it continuous to break 10985.15 Buy...
In my previous analysis about nifty, i have a perspective of bearish market for weeks and month but now, this week is really important because the price has touched that level several times, resisting, going down, again taking control on naked unnaked zones, and in the end not giving up breaking above. Thus, this week is really important. I prefer waiting for...
Irregular correction at from 10629-10987 is indicating bounce above 10987. And if Nifty trades above 11065 which is 123% projection of 10534-10923 then it can further bounce sharply towards 11700. OR IF nifty declines back from 10987-11065 level then one more decline is possible towards 10584-10534. Wave count of Pattern here(Left...
NIFTY 50: WEEK-TECH-SHEET-> 21ST January 2019 to 25th January 2019 Nifty 50 moves around – 231 pips from 21ST January 2019 to 25th January 2019, in which nifty 50 break last week 14th January 2019 to 18th January 2019 top 10930.65 As mentioned on reference 19th December 2018 evening order If it continuous to break 10985.15 Buy @t Entry: 10990 Stop Loss:...
Nifty 50 moves around + 238.30 pips from 14th January 2019 to 18th January 2019, in which nifty 50 break last week 7th January 2019 to 11th January 2019 top 10870.40 As mentioned on reference 19th December 2018 evening order If it continuous to break 10985.15 Buy @t Entry: 10990 Stop Loss: 10890 Target 1: 11015 Target 2: 11023 Target 3: 11040 Target 4: 11090
Diamond Pattern Modified. Support Line (White) drawn from the Nifty Low of 10000 made on 26th October and touching other lows that price made during contraction towards the Diamond Apex. On 14th Jan Monday.. What we witnessed was a False Breakout on Downside. Price Broke 10700 level in Intraday but bounced back in later half to close above the support line....
Nifty Price is trading at the APEX of the 'Diamond Top Pattern' or 'Symmetrical Triangle Pattern' on the verge of breakout. Breakout can come any side. But if we consider the Negative divergence in the CCI Indicator (20), then most likely the breakout should be on the downside. Confirmation will be an End of Day(EOD) closing below 10745-10765 support zone. Trade...
NIFTY 50: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 2019 Nifty 50 moves around – 137.15 pips from 7th January 2019 to 11th January 2019, in which nifty 50 did not break last week 31st December to 4th January 2019 top nor bottom. As mentioned on reference 19th December 2018 evening order If it continuous to break 10985.15 Buy @t Entry: 10990 Stop Loss:...
It seems an impulse is completed from 10535 to 10923 which could be wave (A or 1) and wave 10923-10629 can be (B or 2) and now 100% and 123% projection of (C or 3) is coming at 11017 and 11109 respectively.