Understanding trends through support and resistances.
NSE:NIFTY 📊 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...
Long Opportunity - Nifty is collecting strength to show long bullish moves. There is two Major Resistance level for Nifty 50. If in the first session it breaks 16550 level then it may show the level of Rs. 16758.25, which will be our 1st target. After that, if the Nifty 50 crosses the level of Rs. 16822.70 (It will move better if the nifty consolidate between that...
Nifty has been in the long running parallel channel and this week took support from the bottom of the channel and the trendline from ATH on 19th Oct where it has taken multiple support and resistance. Scenarios for the next week: - Scenario 1: - 1. On the line chart, Nifty is forming a double bottom with bullish divergence on Daily RSI (14) so a bounce is...
Nifty will open gap up in today's session. After opening if nifty starts trading above 16670 then expected upside rally upto 16800 level in today's session. Any downside only possible below 16420 level.
NSE:NIFTY 📊 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...
Nifty on an hourly time frame has given a break out of major resistance level, its 20 Ema and the round figure of 16k. Nifty looks somewhat bullish. Major support levels:- 15915, 15689 Major resistance :- 16203, 16363 Wait for the levels to sustain. Market is volatile. Test the levels.
Understanding trends through support and resistances.
NSE:NIFTY 📊 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...
Nifty about to break its weekly support look for reversals. if there is no reversal then Nifty will have 2000 points in the coming days. Look for negative trend confirmation
Position sizing matters a lot in Trading market. Russia Ukraine war impacting a lot. No is ready to digest this much volatility. Have patience kyoki apna time ayegaa. I am taking all positing based on my PAT analysis what about you ?
SUPPORT AND RESISTANCE ZONE, If it breaks then we can see long move
On Daily Time Frame, There have few major highlights in NIFTY. - NIFTY gives breakdown and currently trading below 200 EMA level. - But currently trading near support level of parallel channel which is highlighted in chart. - Further downside in nifty possible only after breakdown of this support level. - Current trend of nifty is downtrend and this trend can...
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,...
Nifty will open slightly gap up in today's session. After opening expected it will face immediate resistance at 16680 level. Downside 16480-16550 will act as an important support zone for today's session. Any major downside possible below 16480 level.
Understanding trends through support and resistances.
Understanding trades of nifty future for 03.03.2022 (Thursday)