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Niftyindia

Nifty following its channelNifty is trading in a channel where it retraced back nearly 550 points exactly from the lower trend line of channel ,as expected now all eyes are at the upper trend line of this channel ,if price approaches to it than we can see a fall from there .There is a minor resistance level is place at 17200 which was a crucial support earlier. If you were in a buy trade as am I than wait for it to test the upper trend line till than keeping a trailing stop loss is a better option.
NSE:NIFTY
by TRADEWITHFUN247
Bank Nifty & NIFTY Trade PlanIn continuation of our earlier view on Nifty and Bank nifty so far are inline with moves expected and still in trade, Now we are again having an opportunity to initiate sell trade in both Indices before we reach at Wave ((C)) black in both the indices to complete the corrective move started from 19-OCt. once we are done we will be initiating BUY trade for enchasing next upcoming larger Impulsive cycle. However till than since we have got confirmation on Bearish sequence we are also initiating Sell position as mention in this VIDEO. Wish you a Happy Trading and if you like his video please give likes, share your comments and follow us for more update.
NSE:NIFTYShort
by profitadda
2
Nifty Update: The Case Of Initiative And Response Between Bulls Nifty has completed the law of similar action. It has broken the corrective channels and touched the lower band at 16892. Price has faced support on the lower band and responded with demand by touching the upper band. At this time, the price is out of the downtrend channel. In my previous idea, I have mentioned that if the price can't break the pivot point, there are high chances of price excess. Our nearest lower high (LH) is 17403 , which may react as a resistance. In a nutshell, if nifty breaks the pivot at 17621 , there are higher chances of the trend changing. Before reaching the pivot point, it has to break the resistance line. Failure will be the cause of excess.
NSE:NIFTY
by forextidings
8