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Niftyindia

Nifty Outlook: Is This The End Of The Bull Market?After breaking the parallel channel, the price entered the value area. Price has started a seller initiative by going out of the price zone. Buyers responded more to sellers' initiatives with an excess. At this juncture, the price has entered the value area. The lower band indicates the demand pressure. If the price does not stay above the lower band at 17250, it could move downwards to the lower levels - 16628-16410 , because the price didn't break the 78.6% level. Otherwise, the price will surge towards 17369- 17487-17612. Note that if the price does not break the control line, it can not reach the upper band. Time frame: hourly
NSE:NIFTY
by forextidings
3
Nifty Daily analysis on 02 March 2022Nifty is formed a double top chart pattern and presently it is at a very crucial level of 16800. Due to outbreak of war in Ukraine and NATO involvement in it on the behest of US and likelihood of LIC IPO getting delayed, there will be a negative sentiment in the market and If it breaks the crucial level of 16500(Plan to sell below it , no buying today) there could be a downfall till 16200 and further to 16000 levels initially. Later within 7 to 10 days it may then touch 15500 levels too as I had said in my last idea, please check that out too. Thanks for your time :)
NSE:NIFTYShort
by Harvykirt
Nifty - Possible Scenarios and Various Head & Shoulder PatternsThe Head & Shoulders Pattern forming on Nifty is pretty much visible to everyone. But there are various possible scenarios on where Nifty could turn more bearish or bullish in next 1-2 weeks. Scenario 1: - Nifty could immediately turn from tomorrow onwards as there is a convergence of the neckline drawn from the close price of 20 Dec, close of 14th feb and low of 15th Feb. One could argue that the neckline could be drawn with a straight zone between 16800-16850 and I would agree which I have shown in the other scenarios below. As shown in Exhibit 1 below, the neckline drawn this way has multiple touch points across various tops formed going back to 2016. Also in its favour is the 200 SMA converging at 16913 and Call OI as expected is very strong at 17000. This would lead me to believe Nifty could possibly reverse from 16900-16950 levels and we have to follow price action this week to confirm that. Exhibit 1: - Scenario 2: - As shown in Exhibit 2, looking at the weekly chart it is quite clear that Nifty has found a strong support zone around 16800-16850 levels. There is no doubt that this zone will provide a stiff resistance and this week's candle would be a possible retest of this zone and Nifty would continue its downward momentum from next week. The height of head from neckline would be around 1500 points (from 18350 to 16850) giving a target of 15350. Realistically though assuming neckline could be at 17000 as well 15700 would be a good target. Exhibit 2: - Scenario 3 One can look at weekly line chart wherein H&S pattern is pretty clear but the neckline drawn would be different and pathway that Nifty could take is a upmove towards 17200 and if Nifty is able to close above 17200 in that scenario Nifty would be very bullish from that level possibly rising to 18000 in no time. Key takeaways: - 1. This and probably next week's price action could decide Nifty's fate for a while. Personally I believe the confluence of the neckline joining the tops and SMA 200 at a key level of 16913 would be a very stiff resistance to cross. 2. Nifty could retest 17000 as that could be the neckline and weekly close above that level would turn the scenario bullish. 3. From the line chart, I would still wait for Nifty to close atleast on a daily timeframe above 17200 for confirmation of further bullishness. Note: - Exhibit links shown in comments as dont have PRO membership to post links in Ideas :(
NSE:NIFTY
by DashSam
#nifty in worst case of War NSE:NIFTY In worst case of current global situation if this war continue then nifty might fall till mentioned bullish PRZ of these two patterns. just keep this in mind before taking any kind of trade. please take maximum conformations before taking any long. Trade as per your trade setup and keep strict stop loss. safe traders should avoid trading. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:NIFTY
by linesandlevels
Inverted H&S in NiftyIf Nifty breaks 17220 then the Inverse head and shoulder formation will be complete and I'll short it till the targets with a strict sl. Sell below - 17220 Targets mentioned in the chart above. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:NIFTYShort
by this_is_shoaib
1
Nifty trading setupNifty throughout this week has been trading with high volatility with the concern of Russia & Ukraine war tension + USA rising inflation, the market tends to factor in the news seems like this is going to remain until the end of Feb month or the confirmed decisions, there will be high volatility tug of war bulls and bears on chart reading & day trading perspective I have spotted a head & shoulder pattern on 15 min chart if the 17250 or green line is broken down the price might come down towards 17050-17100 even further it can go down to 16900 nifty has good support on 16700 and 16800 supported by 200 DMA thanks for reading this my pov of chart reading if you have other opinions regarding my analysis do feel free to share your view in the comment box SUPPORT ME BY HITTING THE LIKE BUTTON
NSE:NIFTYShort
by Jimmy_Rebello