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Niftybullish

Nifty laying traps... another one for sellers...Hello Traders! The market is constantly trapping sellers without moving to the downside. Right now, nothing in draw on liquidity is obvious. It, frankly, can go either ways . And what does it mean when we can frame both sides of market using ICT concepts? It means that we have LOW PROBABILITY conditions . I'm sitting on the sidelines until the market gains clarity, favouring buyside delivery. As long as the invalidation low of 22725 holds, my bias would remain bullish . Once that low is taken, I'm not interested in price and would wait for the market to provide more info. When it looks that it can go either ways, the market structure gets filthy and PRECISION leaves the chat. WAIT FOR MORE CLARITY . Or gamble . It's absolutely your choice . Have a safe trading day. GLGT.
NSE:NIFTY
by SatyajeetSahai
NIFTY fall & probability observation1) On Aug 5th, 2024 - Nifty's low (23,893.70). 2) On Nov 12th, 2024 - Nifty broke Aug 5th low and fell (-2.64%). 3) On Nov 21st, 2024 - Nifty's low (23,263.15). 4) On Jan 13th, 2025 - Nifty broke Nov 21st low and fell (-2.10%). 5) On Jan 27th, 2025 - Nifty's low (23,786.90). As per the above observations of NIFTY chart data, Every time when nifty broke the previous low It fell an average of (-2%). > The fall % difference between the (Aug 5th, 2024 to Nov 12th, 2024) is (-2.64%) - (-2.10) = 0.54%. > Observing, Assuming and Applying this % difference data with the Jan 27th, 2025 low (23,786.90), That is, (2.10% - 0.54%) = 1.56% 23,786.90 - 1.56% = 22,431. -> FIB Retracement - Marking the Nifty's election day's (Jun 4th, 2024) low of 21,281.45 and Nifty's All Time High (Sep 27th, 2024) 26,277.35, The next level (0.786) of fib retracement comes around 22,350. -> The above observation data collides with Fib Retracement. Final Comment: If nifty breaks the level of (22,786.90), The next support would be 22,400 to 22,350. If it breaks further, Nifty may test the most major support of 21,800.
NSE:NIFTY
by SHRIHARII
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