After hitting our targets of 11700 & 11750.
Nifty is now trying to touch the levels of 11830.
Though the technical indicators are at the over reached point so again it will fall but this time be cautious either it will make a top or ready for a new higher range viz., 11900-12000 & last 12750.
One can trade nifty with sl of 11630, 11580 & 11400 with the target of...
Nifty closed at S. 11624 which give it move.
short trader should keep stop-loss 11679 above as trial.
Intraday R. 11659 nearby (seller can come to this point intraday) with intraday support @ 11575 nearby
Nifty ATR is at 111 which means if short term downtrend started, then 11635 -111 = 11524 below.
Double Top is not clear...
NIFTY 50: WEEK-TECH-SHEET-> 4th March 2019 to 8th March 2019
Nifty 50 moves around +272.05 pips from 4th March 2019 to 8th March 2019, in which nifty 50 break last week 25th February 2019 to 1st March 2019 top 10939.70.
As mentioned on reference 09th February 2019 evening order
If it continuous to break 11118.10
Buy @t Entry: 11125
Stop Loss: 10925
TRADE SETUP for short seller.
For looking at the chart closely, You will appear that 11144 nearby selling has not much risk. For sellers, the risk is low and reward is high. Intellectual traders should choose lowest risk and high reward.
Yes, absolutely selling is good decision at resistance but, question is how to identify UP-BREAKOUT?
Suppose you have sold...
On 6th March 2019, Nifty break its strong resistance of 11020, now it move towards its next resistance wall of 11120 & 11250 if in upcoming 3-4 sessions(Specially Weekly Closing) it closes above these levels then it clearly move to break its old High of 11760 which needs energized fuel to pump up. So what are this energized fuel? No comments on that time will...
As of now consider 10944-10914 as support levels. And only below 10914 we can think of downside reversal.
If wave C started from 11118 completed at 10585 then nifty needs to bounce sharply above 11118.