Trade Plan: 1. I will look for a buy-on dips. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks &...
Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour...
Good morning, friends! 🌺🍬 Here are the directions for June 18th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 110 points (at 8:00 AM). Nifty and Bank Nifty have structures of...
As we discussed, NIFTY traded in a sideways-bullish zone on the upside with huge volatility in the short range. If we look at the chart now: The market is trading indecisive in a bullish zone. That may lead to a short correction in the market. The market is not going to be bearish unless EMA(13, 50) successfully crossovers. Right now, the market is very...
Good morning, friends! 🌺🍬 Here are the directions for June 19th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM). Nifty has been maintaining consolidation even if it...
NIFTY Intraday Trade Setup For 19 Jun 2024 Bullish-Above 23600 Invalid-Below 23550 T- 23770 Bearish-Below 23490 Invalid-Above 23540 T- 23265 NIFTY has closed on a good positive note with 0.39% gain. After many days index broke 23500 and held that. But I said that I am expecting a good upside move with good momentum, it settled at higher price but momentum did...
Closing below 23537 in any hourly candle could be bearish 📉 📉 to 23290 As below levels are still pending to test If sustains above 23537 in multiple hourly 🕯 then it could move upwards to above price marked Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty made a new All-Time High of 23,490.40 on Friday. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,368 Far Support/Demand Zone (15m): 23,297 - 23,329 Far Support/Demand Zone (15m): 23,232 - 23,268 Currently, there's no supply/resistance zone seen on the chart.
Today we have a small hanging man candle on the top of the trend and with this we have a breakout of the trendline. But still I will go for the Intraday trade, I will not carry any overnight position. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty made a new All Time High of 23,579.05 on Tuesday. The weekly trend (50 SMA) is positive, and the daily trend is sideways. Intraday Support Levels: Near Support/Demand Zone (15m): 23,444 - 23,473 Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,297 - 23,329 Currently, there are no visible supply/resistance zones on the chart.
Nifty 50 Analysis 📊 -Trend: Upward with higher highs and lows -Support: Rising trendline around 23,533 -Resistance: 23,580.95 -MACD: Bearish crossover, but weakening momentum Break above 23,580.95 for bullish continuation #Nifty50 #StockMarket #Trading #TechnicalAnalysis
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
The price has been following a trend line. As the price is at the level of all time high so the trend line is acting as a strong resistance. For tomorrow the trend line is an important level for trade decisions. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Overview & Observation: 1. Channel breakout after a long consolidation. 2. Volumes are not looking great. 3. Bounced from 200 DEMA. Trade Plan: 1. RRR is unfavourable. 2. A risky long position can be planned with a 5% SL and 7% target. 3. Stop Loss below 50 DEMA on closing basis. - Stay tuned for further insights, updates and trade safely! - If you liked the...
NIFTY Intraday Trade Setup For 18 Jun 2024 Bullish-Above 23500 Invalid-Below 23450 T- 23725 Bearish-Below 23330 Invalid-Above 23380 T- 23120 NIFTY has closed on a slight positive note with 0.45% gain last week. It was totally sideways as whole week's range was less than 300 points. It has formed a Pinbar candle in daily TF on Friday which indicates a bullish...
As we discussed in the morning, NIFTY traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways uptrending channel. The market is continuously taking support at 50 EMA. Until Marklet is inside the channel, it's going to be sideways. The market is in the middle of the channel, which might also act as good...
1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...