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 -...
Warning: Nifty50 above a dangerous level
A long Legged Doji, very basics of technical analysis. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur!!!!
Also, the steep rise can be dangerous, corrections is very much required.
24 Sep = 10800 Levels and 8 Oct = 11900, around 1100 points gain...
Note: This is for educational purpose only.
There seems to be a strong resistance at 10600 for Nifty. If this is broken convincingly, there would be further up-move. There is a possibility of sideways movement too for sometime. My overall sentiment is bullish but not expecting any sudden up move.
I sense a good gap up opening tomorrow and if sustains and crosses resistances as i targeted or respects the resistance
It may be a good sign of hopeful recovery of NIFTY
Many analysts are predicting a serious fall but i think i may not be more intelligent than them
but i think the candlestick pattern and kumo cloud of ichimoku suggests some good bullish strength...
Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse.
Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days.
MACD - The signal and the MACD line seem too stuck to each and considering the...
NIFTY WEEKLY CHART SHOWING EXHAUSTION
VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK
IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE
TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE
RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008
MACD MOMENTUM BAR IS -227 WAS EVEN BELOW
THAT BUT MANANGED TO COVER...
Based on double top formation and monthly resistance at 12100 levels, its rejected the zone and giving an indication its going to fall. Hope for the best but it should come out of the congestion zone which i have marked in eclipse mode.
Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame.
Dont be a Bull. Dont be a Bear. Be a Hare.
Nifty is again going for the new High. After hitting our previous targets of 11660, Now nifty is moving for the targets of 11730 & 11833. With an Sl of 11567, 11530 & 11480.
Till Election is will be in the range of these levels and if new high then expect till 11980.
As per my study on #nifty & #banknifty it will go down if nifty break level of 11020 & stay below it for 15 min then it will go around 10810 for sure & banknifty break 27590 and stay below for 15 min then target will be 27035. ALL DATA ON FUTURE PRICE. My position NF BF RIL sale