Niftyindia
Simple Trade Setup |NIFTY | 22-08-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 22-08-2022
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 gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty - Trend Analysis for 22-08-2022NSE:NIFTY
Levels on Chart as per Cash Index
Trade Setup : Use the Zones (Buyers / Sellers) to enter the market once the zones are tested and market shows smallest signs of respect to the zones. Break above or below the stop losses market may lead the directional trend for further strength or weakness respectively.
Overall Sentiment is still bullish unless Nifty breaks below 17400 levels significantly.
Do Comment , share and "LIKE" if you find this info valuable to use .
Attached below few Related Ideas posted under my profile in recent time.
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Nifty Spot - 18.08.2022Nifty Spot - 18.08.2022
The Index is trading @ 17956 levels
There is a STRONG RESISTANCE @ 18080 levels, recent high is 18113
There is a STRONG SUPPORT @ 17600 levels
The immediate support is 17800
There is a MACD Bearish Divergence in Daily Chart, let the prices go below 17820, one can initiate a SHORT POSITION in Nifty with stoploss @ 17990 levels
Waiting for confirmation
Watch out
#NIFTY Intraday Support and Resistance Levels - 17/08/2022 Nifty will open gap up in today's session. Expected opening above 17900 level and 17900 to 17950 level is the consolidation range and if nifty break 17950 this level then possible upside rally upto 18100+ in today's session. in case nifty trade below 17900 level then short can go up to 17750 level.
Falling Wedge Pattern in NIFTY possible 20350 after breakoutOn daily time frame nifty trading almost near the resistance level of falling wedge pattern. Expected breakout of this level. After breakout if nifty sustain above 17750 level then possible strong upside rally upto 18600 level and this can be extend upto 20350 level in short term period. Downside can place stop loss at 17200 level for this long side view.
Disclaimer: Consider this view as an education purpose only. Before taking any position take an advise from your investment advisor.
#NIFTY Intraday Support and Resistance Levels - 16/08/2022Nifty will open gap up in today's session. Expected opening above 17800 level after opening if it's sustain above 17750 level then possible upside rally upto 17900+ in today's session and this can be extend upto 18100+ in case nifty gives breakout of 17950 level.
NIFTY- Happy Indepence DayWishing all my friends, followers , well wishers etc. , AZADI ka Amrit Mahotsav (75th Independent Year of India ) .
Nifty - Monthly Chart
Don't try to Interpret the chart or its breakout as i used it only for graphical purpose for Independence Day Event :)
Thanks ,
Chintamani
📊 #Nifty Intraday Levels For Friday 12-8-22NSE:NIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
NIFTY FUTURES 11 AUGUST 2022Today nifty started just below my zone 17609-17585, broke the level of 17513 but could not sustain, came back above 17513 in just 30 minutes.
Sustained above the whole day above 17513, went again to the zone 17609-17585, but could not cross it.
That's the power of zones and levels.
Hope my zones and levels helped you.
All in All Nifty is now compressing in narrow range, you can observe a uptrending wedge forming.
I still expect a small downward break before the upside break out.
Please trade as per my levels and zones to get best Risk:Reward.
#NIFTY Intraday Support and Resistance Levels - 10/08/2022Today's will be slightly gap down opening in Nifty. Nifty is open above 17500 level and 17500-17550 level is consolidation range. In case nifty trade above 17550 level then long can go up to 17650 level. Any down side expected below 17500 level.