Hope this doesnt happen and remains a funny forecast. Bearish AB=CD pattern on monthly chart
#NIFTYINDEX, #NIFTY50 * NIFTY INDEX : RESISTANCE AT 17550 - STRONG SUPPORT AT 17000. > After two day rally, Nifty may go for consolidation mode. Banking Sector rally may continue, that will make nifty to break 17600. > Global Market seems to be in consolidation Mode or Profit Booking after huge rally for past 2...
Flag Pattern in Nifty 15 Mins Chart, seems a good movement towards target of 17600 in the coming week. I may be wrong, consult your finance advisor before any investing or trading.
NSE:NIFTY Trade Setup for 07-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
Hi i am just updating the status for previous forecast. In yesterday forecast i said that the formation of ABC will form. So we are in last stage of finalizing the A degree. after that there will be B degree start. how you trade is upto you thank you
nifty 50 falls today about 188 points the main pressure is from metal index which is fall today 374.85 points (6.6%) Support level 17350 and after that strong support is 17250
Wait for breakout use 5min frame
The channel is getting narrower and nifty being in this channel since last month indicates big move upcoming in few days keep watch everyone
Some conflicting signals: India VIX has been closing below 20(good sign), occasionally giving a spike scare then abating within the session. Not much buying seen from FIIs/DIIs. In fact the FIIs sold 660Cr and DIIs bought only 112Cr. Yet market closed marginally in green. Is the market being kept afloat for a while? The RSI divergence can be easily noticed on...
Had been in range through the day Making it much likely to give unidirectional move Important levels mentioned in chart must take note of ✅
As we discussed it Broke the trendline in the very first half and gave good 120++ points in one go Currently forming FLAG- POLE pattern which is also a bullish continuation pattern!! We should not go LONG aggressively unless our levels breaches And let the chart speak the next ✅
Nifty played very well as predicted. Next move:- If it gives one more push up to 14,545.50, take a swing short till 13,787.60. Then from 13,787.60, take a swing long till 15,446. Trail your stop loss during the drop and rally.
Nifty has definitely respected this level. There has been no decisive breakdown here. Let's see where it holds onto ultimately. Please remember, this is a correction and not a crash! The lines drawn are my levels, Bull Markets generally respect support levels (one level here or there is normal) while Bear Markets make you respect the resistance levels.
Nifty selling pressure has started . cmp - 14700 Target - 14600
Ps: Am just learning not a pro If you are good at analysing charts correct my mistake. I will appreciate that :)
NIFTY has tried thrice to break the levels already and still has not managed to. Go longs only above this level.
Nifty is unfolding in a five wave advance from the lows of 10790 where it completed wave4 , within this five waves of the fifth wave it is currently in the third wave of one lower degree and its projected target comes around 12060-70 odd levels which will be 1.618 times wave one of the same degree. Support is placed at the lower end of the channel around 11800 -...