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Nifty FuturesNifty Futures LTP 14384 Support 14213 Resistance 14520 levels & 14660 levels Hourly chart (short to medium term) Divergence Indicator has given a bull signal RSI has bounced back from the 30 mark which is a good sign 3 Green candles may indicate that the strength is returning MACD, though in the bear zone, we can see the red bars fading away 15m charts (intraday) 5, 10 and 20 DEMA organizing themselves MACD in the bear zone but with a bullish reversal RSI has almost broken the 50 mark Final overview: Buy nifty for targets of 14500 & 14600 with SL of around 14200.
NSE:NIFTY1!Long
by virralthakkaar
Nifty 50Nifty 50 LTP 14359.45 Support @ 14250 Resistance @ 14650 Weekly charts (long term) The candles have take support at 20 DEMA which is a good news. Regardless of the poor opening today, we have a green candle after 2 weeks. MACD is the the bull zone but does show a reversal. We will consider this as neutral. RSI is moving downwards but is again above the 50 mark. We will consider this as neutral as well. 5 DEMA and 10 DEMA has formed a cluster which I hope will change soon. We will consider is as a weakness. Final view: Can go long here or wait for a minor dip. Daily charts (medium to long term) Just as above, regardless the weak opening, Nifty 50 managed to make a green candle today. Considering this, it does look like Nifty 50 will show a strong recovery. Another important aspect is that the candle has taken support on the 100 DEMA but MACD has fallen in the bear zone which is not a good signal. RSI too has resisted the 50 mark. Final View: Investors can go long and traders should wait and see the new trend and trade accordingly. Hourly charts (short to medium term) The most positive thing in the entire study is that we have a bull sign in the Divergence Indicator. RSI has taken support on the 30 mark which is another good sign. MACD is in the bear zone but if you see, the red candles are fading. We may soon see MACD fighting its way back up in the bull zone if this trend continues. There is a green candle followed by a confirmation green candle followed by a third green candle which is good again. What bothers me here is that the candles are resisting the 5 DEMA. Final view: Investors can go long but traders need to wait and understand the trend as it is quite confusing right now. 15m charts (intraday) The first thing that I've noticed is that RSI has resisted the 50 mark which is no a good sign. MACD on the other hand is showing strength but again, it is lingering in the bear zone. 5 DEMA and 10 DEMA are crossing their ways which is again a sign of strength but the trend is not clear yet as there is a cluster. The chart has a clear uptrend which is a good sign. Final view: Risk taking traders can go long here but I would advise that the ones who want to be safe should wait till the trend is clear. Overview: Nifty 50 is clearly showing strength but the current trend is not clear. If asked, I would advice to go long.
NSE:NIFTYLong
by virralthakkaar
2
Nifty FuturesNifty Futures Weekly (Long Term) DEMA (20, 50, 100) Aligned to perfection. Candle took support at 20 DEMA and bounced back which shows strength. Volume shows selling which indicates that we may see short covering soon. MACD did give us profit booking signals but is still in the bullish zone. RSI has a recent downtrend but it isn't sharp and scary. We might see a strong recover. Daily (Medium to Long Term) The DEMA is aligned as well but there is a slight weakness in the 20 DEMA. Candles have taken support near 100 DEMA which is a good sign and we can expect a recovery. Weekly charts did indicate that we might see some buying which we do see in the Daily Charts. MACD is weak but neutral. RSI is in the bearish zone but there is a reversal. Hourly (Short to Medium Term + Support and Resistance levels) Support: 14350 & 14290 Resistance: 14750 & 14850 A strong bullish pattern, cup and handle has been made. Immediate support at 14500. Volumes show buying on the graph. MACD is showing a reversal in the bearish zone. RSI is strongly moving towards the bull zone. 15m (Intraday + Immediate Trend Check) Trend: Not clear DEMA is aligned well (5, 10, 20) which is a good sign. Buying on the volume graph. MACD showing a strong bullish move. RSI, bullish but heading towards the overbought zone but this may change. So, do I see 15000 back on charts? Yes!
NSE:NIFTY1!Long
by virralthakkaar
Nifty Futures15m chart with ema of different values. The red line is a 20 day ema, blue is 10 day ema and the purple is a 5 day ema. These values work well with intraday charts. If you see here, the 10 day ema is crossing the 20 day ema which is a bullish sign. The pattern should be in order of 5 dema, 10 dema and 15 dema. So, how do you trade after understanding the entire study? You need to have sufficient balance and buy small qty of next week expiry of nifty and hold for a target of 14550 & 14625. I keep repeating that you need to be very patient and trade in the stock market like you trade in your business. Buy and hold for targets like we do in business.
NSE:NIFTY1!Long
by virralthakkaar
NIFTY 15 MINS WAVE COUNTSHi friends, Nifty as per my previous analysis and follow up updates() failed to cross the #keyresistance and hence ended with #fakeout(failed breakout). So as I expected further down swing or one more down swing...which did unfold decisively today. what next..? VIEW: Expect to bottom out in the zone as shown in the chart. Structure/Pattern: impulse + double zigzag(irregular wave B) + impulse Keynote for traders: As I have been mentioning in my previous posts ;till key invalidation point is not breached I stay bullish in slightly bigger picture. >>till major resistance is not taken out...all trades to be taken on the negative side in intraday. Positional traders should wait for "KEY RESISTANCE" breakout to "plan their entry" or they may take a bet as nifty approaches "key invalidation point for better risk/reward ratio. Trading Plan: #As there is pandemic fear one can hedge their long position in nifty if one wants to take a long bet near support zone(greenzone).DM me for any help with this regard. #Look for confirmation near that support zone using one's own method(indicators/price action/moving average) and then go for long position #Don't bet more than 2% of one capital for total risk in the trade. #Disclaimer: Above analysis can be referred to as educative in nature. One has to take decision as to trade as per his own risk. Good Luck guys...keep trading...keep rocking 💥💥💥
NSE:NIFTYLong
by ravaye27
Nifty 50Weekly chart of Nifty50. The uptrend is clear and the support according to the weekly charts is 14470 levels. So we're already there. I am going to vote for No Trade today even though I really want to buy but the Covid scenes are bad as of now. Daily and Hourly chart study The major support is at 14264.40. This means 14250 levels. There is no proper support before that. If Nifty50 manages to break 14250 (which it should not) we might witness 13800. * I don't think that we'll be breaking 14250 but you never know.
NSE:NIFTY
by virralthakkaar
Nifty 50Script - Nifty 50 CMP - 14683.50 Resistance - 14780 Daily Charts Current pattern (if any) - Looks like a symetrical triangle which is a bullish pattern Candlestick Trend / Pattern - NA DMA - Neutral MACD - Neutral / Bearish RSI - Neutral Divergence - NA Hourly Charts Current pattern (if any) - A small rounded bottom bull pattern Candlestick Trend / Pattern - NA DMA - Neutral / Bearish MACD - Neutral RSI - Rounded bottom / bullish Divergence - Undecided bear Intraday Charts Current pattern (if any) - Clear symetrical triangle Candlestick Trend / Pattern - NA DMA - Neutral / Bullish MACD - Neutral RSI - Neutral / Bullish Divergence - NA Final View - No Trade till we see a trend being made in 15m charts. Can expect a breakout above 14780
NSE:NIFTY
by virralthakkaar
Nifty 50Nifty 50 15m Chart (Intraday Views) Uptrend seems to be prominent. RSI is in the overbought range which means we may correct a little to gain balance before continuing with the uptrend MACD is giving mixed signals to we will ignore it. Buy on Dips 1h Charts (Short to Medium Term Views) Immediate support is at 14750 levels Immediate resistance is at 15000 levels RSI looks good as it is holding strong above the 50 levels MACD is strong as well Trend study shows that a new uptrend has been initiated Buy on dips (wait for a dip) for 15000+ levels. Daily Charts (Medium to Long Term Views) Doji (bullish) followed by a confirmation candle shows strength MACD shows signs of reversal towards a bullish zone RSI has crossed the 50 levels yesterday and may confirm a bullish trend by EOD Targets may be well over 15150 levels soon.
NSE:NIFTYLong
by virralthakkaar
1
Nifty 50Nifty 50 Daily Charts (Medium to Long Term view) The current trend is sideways but I am unable to decide if the pattern I see is bearish or bullish. So then we move on to other indicators and my favorite is RSI RSI has a reversal and is moving upwards. We have to see if it maintains the upmove and crosses the 50 levels to be sure that Nifty 50 may be ready to fly. The candles are still below the 20 moving average so I wouldn't be very confident yet. Hourly Charts (Short to Medium Term view) The purple line shows a double bottom which is a bullish pattern. RSI resisted the 50 levels but I think that Nifty 50 does have a lot of strength and we'll see RSI cross into the bullish range. MACD too is showing a reversal. The current trend is still a downtrend but it can be broken soon. 15m Charts (Intraday views) An uptrend is seen but not as strong as we'd like. We won't go short but we'll buy on dips. RSI is taking support on 50 RSI which is a good sign. MACD indicates weakness. Buy on dips.
NSE:NIFTY
by virralthakkaar
Nifty 50Daily Charts (Medium to Long Term) RSI is still below 50 Candles are still below the 20 day moving average and the trenline Heikin Ashi is giving us some good signals as yesterday was a confirmation candle which indicates that the correction might just be over Market has been range bound between 14280 levels and 15350 levels since 11th Jan 21 so we cannot have an uptrend unless we break 15350 levels and close above it but this doesn't mean that we have a downtrend either, we are now going sideways Hourly Charts (Medium to Short Term) The downtrend line has been broken and confirmation candle was made yesterday RSI is above 50 MACD is bullish as well Heikin Ashi has made an upmove again followed by a confirmation candle This means that even if we open in red, we might just push our way through as this chart shows strength 15m Charts (Intraday) Again a clear uptrend RSI holding above 50 but MACD showed a reversal towards the closing We will buy on dip or as and when we see a reversal happening.
NSE:NIFTYLong
by virralthakkaar