Hey Guys! AS you can see nifty is moving in a downward channel, and is currently at the resistance. From here we can expect the next fall. The past two days Nifty has been consolidating within a range and is unable to break the range on either side. It tried to break upside multiple times but faced strong resistance, and in the last 30 minutes the bears...
Bullish journey can start W Pattern or DOuble bottom is a very strong bullish pattern made at great selling which show trend reversal
On Monday Nifty open gap down and we have seen strong comeback within 1st hour of trading and closed 82.50 points up. Near futures Nifty is heading towards 17400. For Tuesday buy above 17120 for target of 17200 followed by 17270. On this flip side 17000 is strong support and on Monday we have observed heavy put writing at 17000 level. For more details and...
NSE:NIFTY Has corrected 9-10% from all time high. Majority of the correction has come from FII profit booking. Nifty closed below 17000 today, which can be either a bear trap or a bearish continuation. Nifty has strong support at 200 EMA and if that fails to support, 16000-15500 is the next major support zone. My prediction is displayed on the chart. If Nifty...
Nifty was volatile in a range this expiry day. After making a W pattern and giving a gap up opening, now, it is showing a flag pattern (sideways base) in the making... any price action breaking the range (up or down) will determine trend continuation upwards or a rangebound volatile market for coming days. If breaks out or opens gap up and not filling the gap for...
Targets - 17120, 17150 SL - 16980 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
As per above structure there are two things to note 1)Nifty formaing a bearish h&s pattern 2)nifty given a breakdown NOW positive things to note is:- 1)Nifty already made 8.4 % correction from Life high areas 2)Nifty is in good uptrend thus a correction not more than 15 % visible anyhow in worst case in normal case we can still see max 2-3 % (ie 400-550...
Today Nifty 50 spot has tested 100 day exponential moving average. Last time 100 DEMA was tested on 22nd April 2021. So I think it's a good time to go long on Nifty 50 Jan 2022 futures with 17500 ITM Jan 2022 Put as hedge and a short on 18500 Jan 2022 Call. Disclaimer : We are not qualified financial &/ investment advisors and you should not construe any...
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
1.Major Support - 17800, Lower trendline. Major Resistance - 18340. 2. Past trend - Major Trend is up. Multiple leg correction going on. Moving in channel with next major resistance as 18340 from where fall is expected. 3. Current Strength - In up. 4. Future trend - Upmove within channel to test 18340 from where fall to 17600. Trade setups - 1. SHORT - If...
please follow the stoploss strictly because if it comes below the stoploss then we see a sharp fall
Nifty closed above 18,000 resistance area indicating more upside move on upcoming days. Now resistance for Nifty stands at 18300, while there's an immediate support at 18000 and next support is at 17850.
>Chances that Market will Retest 18000 level then grow up to 18200 level else if market gap open and touches 18200 level then will come down upto 18000 levels. >Immediate Support is 18000 >Immediate Resistance is 18200 >Support will Become Resistance and Resistance will become Support once the level Breaks. *Always Enter With good confirmation & Maintain...
Nifty spot on Monthly tf levels red dotted lines are tp Discalimer : only for educational & leaning purpose
On a daily chart, Nifty closed below important support level, i.e. 17800, As today was monthly expiry , from last 7 days there were heavy sell off by FIIs, From tomorrow we may expect either stop selling or start buying, hence, We may be surprised tomorrow, If Nifty opened above positive and sustain above 18150, we can expect 18900 by 3rd Nov 2021 expiry. But if...
bullish nifty50 levels are mentioned thanks for watching
bullish nifty 50 level are given thanks for coming
Nifty is near the support zone and we may see some bounce from this zone. Would be looking for Buying opportunity near 18250 zone. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team