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Niftybullish

Nifty Ready for 22500 in next 10-12 MonthsNifty Weekly is moving in Step form .... 21% upside after each breakout. Breakout from current Levels of 18500 in coming weeks will make Nifty move towards 22500 in next 1 Year. Cup & Handle Pattern Breakout on weekly channel supporting same. Recommendation is Buy on Dips in Nifty LTP - 18300 SL - 17500 Targets - 22500 Timeframe - 12-15 Months. Right time for Investment in Blue-chip stocks for handsome ROI in coming 1-2 years. Happy Investing.
NSE:NIFTYLong
by JITU_210
Elliotical approach to Nifty50 Long.Hello Traders! 1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf . 2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern. 3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever suits the individual. 4. Let's talk about wave equality . In an impulse, the 3 motive waves (motive wave is just the wave that is going with the trend, i.e., wave 1, wave 3 and wave 5), tend to be in a harmonic ratio . There can be multiple scenarios aka ratios and 61.8% (the favourite of the public XD) is obviously one of them. As we can see on the chart, Wave 3 is almost 61.8% of Wave 1 . This gives us a picture that the possibility of Wave 5 being 61.8% of Wave 3 is pretty high. Of course, that may change, but too high a chance to just ignore. That sets us a target of 19200 to 19300 for Nifty50. 5. Another point that must be noted is that when we put 61.8% as a retracement level on wave 2 and use it as a Fibonacci divider , it also gives us the same target of 19200 to 19300 . This is out of the books and just an observation. 6. The triangle that we see is a questionable . Because we haven't so far seen a triangle form for wave 4 inside a diagonal. But if this works out as predicted, then that should be the most likely picture, a triangle can be there inside a diagonal. And before anybody questions, I have scoured certain books and haven't found any reference for a triangle inside a diagonal. Anybody having a better idea or picture is welcome to comment on it. 7. We also have a two bar reversal on the daily tf . Confirmation for that will be the break of high of the higher candle. 8. And, apart from everything, we work in the field that has infinite possibilities for every individual and hence itself has uncountable possibilities. We just get better at predicting the best possible outcome. So yes, even though the possibility for Nifty50 giving a breakdown , as far as I'm concerned, is very unlikely, it is still there. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
NSE:NIFTYLong
by UnknownUnicorn27677748
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