Get started

Niftyindia

Nifty Elliott Waves structure - 27 April 2022HI Is it a 1st Wave Extension?? Generally they form during the trend change or during the start phase like the IPO or during Triangle Corrections. In 1st Wave extension, the 1st Wave is the Biggest wave and violent too. (714 Points) 2nd Wave does not exceed .38% of 1st Wave (Generally its .23%), but upto .38% is the general rule.(Should not have gone above 17323) 3rd Wave is only .61% of 1st Wave (420 Points from Lows of 3rd Wave). 4th Wave follows rule of alteration, if 2nd wave is around .38% then 4th will be apporximately around .61% to .78%. (which shows the bullish intent) 5th Wave will end near the 3rd Wave. Now hoping this will end near 16900 now. After that we will have good upside...probably till 18600. So there is a high probablity its 1st Wave Extension. Constructive Criticism is welcome Disc : Educational Purpose Only Neo
NSE:NIFTYLong
by neostockmatrix
Nifty Short term - Head N Shoulder Pattern - 21 April 2022Hi. Its a 2 hour Chart, and we can see that, it seems to a Head and Shoulder pattern, with most of the pattern aready completed. Now the Right Shoulder is forming, which should not break the highs of 17442. (If it breaks then the pattern is invalid). Now the High from the Head is 18090 and the lows of the right shoulder is around 16978. Which gives a total points of 1116 points. So in this case if the lows of 16978 (to be safe another 20 - 30 points down), which gives a leniancy of 16950, below these levels we can think of a target of 1116. Which gives a target of around 15800-15850 levels as the target. Now we wait for 17442 to be held , if not, then wait for the break of 16950. Disc : For educational Purpose Only.
NSE:NIFTYShort
by neostockmatrix
Nifty-25/04/2022-LevelsHello Traders, +++++++++++ Nifty-25/04/2022-Levels -------------------------------- If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of S@1 (SELL) GAP-DOWN: Support of S@2 (BUY) – Rejection of PDL (SELL) _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones M_S -> Major Support S_H -> Swing-High S_L -> Swing-Low D_T -> Double Top D_B -> Double Bottom T_T -> Triple Top T_B -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
1
Apr22-W4: Nifty to continue its fall? (Apr25 to Apr29)What I said last week was that the setup was good for a significant downside. I was anticipating that Nifty will breach 17000 and coincidentally, this is what happened. There are times when Goddess Saraswati blesses my keyboard. Hope the blessings continue. Now the following is my analysis for coming week based on what I am looking at (You may want to open image in new tab or save it for better view) I continue to see 2 downward sloping parallel channels. I will continue to remain bearish until Nifty is able to break out from both of them. Support lines for both channels can be seen interjecting around 16525 level. Ideally, Nifty should not go below this week but at the worst, Nifty may go till 16200 also. Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)… Consolidation - Between 17425 and 16800 Downtrend - If breach below 16800; to drop somewhere till 16200 Uptrend - If breach above 17425; to rise somewhere till 17950 Nobody is able to tame inflation. Let’s eat wheat before we have to switch to corn. DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
NSE:NIFTYShort
by wwannabebull
What's next for NIFTY: 16400 or 17400?1. #NIFTY50 has now retested 16800-16840 Support Zone 5 times in 4 Months. 2. It is bearish as long as trading below 17300 DCB. 3. 16800 is by default an all important support which once broken and sustained on closing basis may force NIFTY to retest Support 1 and 2 as mentioned. 4. It's too early to call out for such falls but as a trader one needs to know the levels. Personally I feel 16800 would be able to save itself. Let's see! 5. Once able to close above 17300, 17400-17450 would be tough resistance to break, and thus our 1st Target. 6. News based falls are highly volatile. So one needs to be tight in SL and light on positions. 7. Consult your financial adviser before investing. If worth it, do Like, Share and Comment.
NSE:NIFTY
by Equity_OptionTrader
Nifty Analysis | Nifty Prediction for tomorrow 20 aprlMarket Closed @ 16869 Market is in bearish mode. So we not take any heavy qty position as if now for buying untill 17300 breached. 16978 will act as a strong resistance as if now & so on mentioned on the chart for up move. 16978 Gap Refill done today as discussed prevously. Now what next ? If market move to the downside then 16678 (Pending Gap again) will refill soon. Below levels are: Support 1: 16793 Support 2: 16730 Support 3: 16678 (Pending Gap) Above levels Resistance 1: 16924 Resistance 2: 16978 (Gap redilled today) Resiatance 3: 17071
NSE:NIFTYShort
by Option_Kontrol
5