NIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775
Key points :
1) Nifty has formed a triple Top
2)...
NSE:NIFTY
Each level act as support and resistance one can trade on 3 min , 5 min, 15 min as per their intra trade setup. one check old published ideas.
21-10-2020 Oct levels worked like charm , one can check. if u like our ideas pleas help us to serve u batter by upgrading urs or ur friends tradingview through our referral link. or one can donate us coins too....
Nifty levels for Upcoming session : 21 OCT 2020
(15 Min chart used for analysis)
Trading Range -
11885 -12100
*Chart Pattern & Trend*
Refer the chart & see that trend was broken & 11922 act as resistance.Hope, We can see gap-up opening on 21 Oct & then small correction possible.
*PE*
All Time high PE was 34.87, & last session PE was 34.28 .Need to Be Alert...
NSE:NIFTY
for better reference one can check old ideas which i published earlier. by the way don't forget to check 14-10-20's nifty levels u ll b amazed by seeing that how beautifully it worked.
NSE:NIFTY
each level work like support and resistance so trade accordingly on smaller time frame like 3 min, 5 min, 10 and 15min .
don't loos you hard earned money here in stock market , please don't trade without proper knowledge about trading.
*Nifty levels for Upcoming sessions*
(Daily frame chart used for analysis)
*Chart Pattern & Trend*
Trend#3 was shifted to Trend#2 & Last two candle had taken support at Trend #2.Now if it continue to remain trend, then it need to break very strong resistance 12000.-Be Alert
*PE*
Last PE is All Time High PE,We can see little bit correction at this level- Be...
Nifty levels for Upcoming session
(2H chart used for analysis)
*1st triangle with a Resistance 11300
*In 2nd triangle probably,Rise may be Resist around 11300
*RSI is getting divert and it may be go into oversold zone near 11500
*11100 will act as a Strong support.
*11170- 11450 is the Trading Range for upcoming session
$Nifty Overbought, Downtrend Ahead!
RSI indicate overbought, Nifty may correct
to level around 11000 while resistance is around
11220.
Updated on: 22 July 2020 - 1.00am
Disclaimer: Only for Learning Purpose
