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Niftyindia

NIFTY: Price Action Perspective And EWTDaily Chart: Elliott Wave Perspective: Nifty has completed the corrective wave A of triple zigzag (Z) If the price gives a consecutive close above (X), it suggests that corrective structure has occurred and an impulsive wave started. However, the price has given three moves after wave A. Sub-wave a traveled 100% of wave B. The price is weak below 17639 and strong above 17650. In my previous idea, I have mentioned the price can be out of the channel. Sellers can enter after a rejection of the candle on a higher timeframe. Safe traders can enter when the price enters into the downtrend channel. Today's close will initiate positional views. Price Action perspective: After the accomplishment of the lower-low, nifty surged and reached near the previous lower-high point at 17639 . As mentioned in down theory, An upward trend is a series of successively higher highs and higher lows. Price is weak below 17639 , which is a previous lower high. If nifty creates a swing failure, supply will exceed the demand.
NSE:NIFTY
by forextidings
3
Pullback ExpectedA divergence in the volume shows chances of a pullback to continue the upwards movement! 17500 was a strong psychological resistance acc. to option chain which was broken today by good movement and there has been a heavy call OI build up qt 18000, suggesting some Call Writing in heavy quantity which indicates a psychological resistance at that level according to the option chain. Do not underestimate the pullbacks in a trend! Go for CE and hold the positions until expiry or until it reaches 18000.
NSE:NIFTY1!Long
by rahularyaR1
Nifty-04/01/2022Hello Traders, NIFTY@04/01/2022 : ------------------------- If market Opened as a- Gap-Up : Support of Resistance(BUY) - Rejection of Resistance(SELL) Flat : Support of PDH(BUY) - Important BO(SELL) Gap-Down : Support of Important(BUY) - Support BO(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 Buy and Sell recommendation to any one. 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. 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.
NSE:NIFTY
by SriTrader5121
3
Elliott Wave says NIFTY Going for 16369 Nifty is constructing triple three (x,y,z) right now. Price is about to accomplish sub-wave B of triple three. Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639 , which is wave (X) of the correction. According to wave principle, if the price couldn't sustain above wave X, then the current trend is about to resume. Currently, nifty's trend is bearish and, wave C can give a downward motion with the following targets: TP 1: 16909 TP 2: 16690 TP 3: 16449 TP 4: 16369 Note that price can make an excess at the upper band of the channel. Trade Setups (only for the safe traders): Traders can enter when the price rejects the wave (X). If the price breaks the (X) at 17639, it may be a fake-out. Traders can wait for the price to enter into the parallel channel. Stop-loss can be the nearest high of the excess which will be out of the channel. T rade Setups (only for the Lion heart traders): Lion heart traders can enter in sell position when the price makes rejection of wave (X). After the price rejection, they can initiate a short position below 17600. Stop-loss can be high of the new lower high. Stay in touch for the next update of this setup.
NSE:NIFTYShort
by forextidings
14