NIFTY Weekly Suggest BUY -- Targets 23500+ by April 2024
History Repeats itself. From charts it is very clearly indicating Replica of past Rally & Targets coming to 23500+ by April 2024.
Hey there i am sharing my insight on nifty for another possible bullish scenario from here
as we can see we are making and descending wedge pattern which usually a bullish sign
What we have to wait for??
Is just we need volume at the time of breakout unless it will be just a fakeout
Nifty Has given breakout from the DAILY CUP Pattern Targets for which comes to 20600 in Next 2 Months.
One can keep strict SL at 18800 & Keep buying all dip for Targets 20600+
LTP - 19189
SL - 18800
Targets - 20600+
Timeframe - 2-3 Months
Nifty has given weekly Breakout in last week touching its ATH.
We can see some follow up Buying in coming week too with Nifty Targets coming to 19450-19500
LTP - 19189
Targets - 19500
SL - 19020
FII Buying has emerged 10x in last 2 days ... This is just beginning of New Rally on Nifty ... Expect nifty to double in next 3 Years.
Nifty is Ultra Bullish as predicted, you can short for scalp at the zone near the all time high with very small risk.
Zones & Levels Above- 18874-887, 18917, 18975, 19033
Zones & Levels Below - 18807-823, 18756-770, 18700-710, 18649-641, 18598-591
NIFTY is experiencing a pull back, don't get bearish as of now
Zones and Levels to watch in intraday
Zones & Levels Above - 18625-638, 18701-719, 18764-777, 18820-839
Zones & Levels Below - 18542-531, 18458-478, 18303-324, 18202-214
Nifty will obviously follow the path of Bank Nifty towards All Time High
Levels & Zones Above - 18520-538, 18612, 18669-692, 18799-821, 18874-881
Levels & Zones Below - 18415-435, 18303-324, 18202-214, 18042-057, 18958
Nifty 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.
Zones Above - 17842-856, 17904-922, 18016-034, 18120-134, 18184-201, 18238-250
Zones Below - 17799.95, 17727-17739, 17651-17665, 17502-535, 17315-330
Nifty seems to be very strong as per today's close, few sectors are supporting Nifty strongly, although most of the sectors are over bought, but price action suggests otherwise
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...