In this 1hour chart it seems wave (i), (ii), (iii) and (iv) is completed at 11305, 11181, 12025 and 11535 respectively. And from 11535 may be wave (v) started and already achieved its 38% projection and almost near to 61% projection. so now we need to be cautious on buy side. The only confusion in this chart is the speed of wave (v) from 11535 is sharp and...
NSE:NIFTY each levels act as support and resistance.
1. Nifty OHLC are below yesterday, after lots of consolidation - Bearish 2. The candle is green - Not Bearish, But with long upper wick, closing just below the yesterday's low - Bearish signs 3. MACD has crossed over Bearish. 4. With SL at 11770 and target 11305 - It seems like good Risk Reward Ratio 5. However, It clearly has taken support at 11618 level, which...
NSE:NIFTY each levels act as support and resistance.
Nifty top out from current zone expected downside move to 11500
NSE:NIFTY each levels act as support and resistance , one can trade on 3 min , 5 min and 15 min too as per their intraday trading strategy. if u like our our views and want us to serve you batter then pleas use our referral links to upgrade Tradingview Account. and one can donate coins too.
Nifty levels for Upcoming session : 21 OCT 2020 (15 Min chart used for analysis) Trading Range - 11885 -12100 *Chart Pattern & Trend* Refer the chart & see that trend was broken & 11922 act as resistance.Hope, We can see gap-up opening on 21 Oct & then small correction possible. *PE* All Time high PE was 34.87, & last session PE was 34.28 .Need to Be Alert...
Today was a Red Dorji, with closing above yesterday's closing - a clear cut sign of indecisiveness. It might be spinning tops for the next few days. Avoid going long or short or take hedged trades. Wait for the trend formation before taking trade.
Good Morning friends, Nifty is damn bullish and given an awesome run in upside move since 2 weeks. Momentum and direction both are strong in upside and Index can make a new all-time high in midterm but the Problem is we are the Intraday trader and buy or sell both are our position because of the nature of the Trade so let's talk about today trade. The main...
Cautious Alert!! on #nifty before going to its journey to 12k+ ek shakeout looks coming soon, buy on Dips at given levels. #nifty50 #niftyfutures #StockMarket #bhaveshastik #TradingView
It's a indecisive Dorji candle today, after a red candle yesterday. On a Bearish trend and lower Highs, this could mean weakening of a bounce back. I would go short with a target of previous pivot - 11610 . Next target would be 10225
Now it seems from 11794-10790 an impulse wave is completed and nifty may consolidate between 10950-11410 in coming 2-3 sessions.
On 1W TF there is a zone between 10900-10600 from where NIFTY bounces back majority of the times. So we can expect the same action to be followed again. -MOHIT RAJANI
This is the second red candle that opened above the previous close of a red candle. Nifty may take support now. This doesn't mean that you go long, NOT at all. The sentiment still remains Bearish. It may take support and spend some time here, maybe a dead cat bounce and then continue it's downward correction. If you have already short it and haven't booked...
Nifty - Technical Analysis: -NIFTY gapped up but instantly started falling from 11300 -It fell till 11100 and bounced back from it to move sideways for the rest of the day - Nifty ended at 11,153.65 with a loss of 97 points or 0.86 percent. Market - Driving Factors: -Among the sectoral indices, BSE IT and Teck ended in the green, bucking the trend. On the flip...
Note: This is for educational purpose only. There is a hammer at lower level of the channel which acts as as support. Moreover, as power of confluence, the lower band of channel is also coincides with the 21 EMA and there is a hammer at this level. However, RSI is 56 which is in neutral zone. Expecting a bullish move post 11700 level.
Nifty - Technical Analysis: -NSE Nifty 50 index fell for second straight session dragged by weakness in banking, financial services and FMCG shares. -NIFTY was sustaining above 11550 for the first session of the day but witnessed high selling pressure during the last hour and was brought down. -It bounced from the 200SMA in 1hr candles for the second time...
Nifty has failed to break 11235 and has taken it's support. So, this is where it might bounce back to 11550-11600. If you wanna book profit, book it now.... My view is still Bearish, I doubt if it will break it's resistance at 11550, so most probably, once it touches resistance, it will once again start dropping for 11000... So, wouldn't suggest to go long...