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Niftylong

Is Nifty entering the Bullish Trend now?28th Jan 21: The first support, 50 day EMA is around 13670 - 13700 range. Nifty 50 has broken uptrend line yesterday on daily charts . Nifty 50 has created a new downtrend yesterday in intraday charts. 29th Jan 21: Can buy NIFTY1! with a stop-loss of 13850 for intraday as intraday charts are showing a positive momentum movement. *Stop-Loss triggered but the prediction was 100% correct as we can see what Nifty50 did on 1st Feb 21. If you see the daily charts of Nifty50, you will see a pattern which we call the 'Bullish Flag Pattern' which was broken yesterday (check the trendline on candlesticks). Global markets are supporting so I will let go a small double top that Nifty50 has made on the daily charts. Double top is basically a bearish pattern but I don't see any reason for Nifty50 to start a downtrend again. The main trendline (blue) is uptrend but a correction was long due which we saw in the past week but the daily candlestick made yesterday shows a reversal. Now turning our attention to RSI, we have crossed the 50 mark with strength yesterday. We are expecting a gap-up opening today as well which means that even RSI will positively break the temporary trendline. Nifty50 also overcame a very strong resistance at 14222 levels which means that this is a new support. Next resistance is at 14480 levels which is very prominent in the hourly as well as on the daily charts. That's my entire study of Nifty50 today.
NSE:NIFTYLong
by virralthakkaar
Bearish pattern on NIFTYNIFTY SPOT Bearish and scary Scary because it is confusing. Read the following: Candles are in a downtrend trading very close to the bottom of Bollinger Bands but It also looks like a bullish flag pattern So now that I've successfully confused you, tell me bring in your notice that RSI is diving which will add weight to chances of a bearish move. Let me confuse you again. 15m charts are side-trended with candles trading at the top of Bollinger Bands Today will be a strict NoTa (No Trade) for me.
NSE:NIFTY
by virralthakkaar
First support for nifty is still far.The first support, 50 day EMA is around 13670 - 13700 range. Nifty 50 has broken uptrend line yesterday on daily charts. Nifty 50 has created a new downtrend yesterday in intraday charts. Short trades can be taken at this level only by very skilled traders. Others can wait and make long positions at dips or reversal. Personally I think that short covering would support the nifty today as it is monthly expiry but don't get fooled by fake signals. I don't think you should enter the market yet if you are an investor.
NSE:NIFTY
by virralthakkaar
NIFTY COMMENTARY by Kiran WEEK 21, WAITING FOR CRASH? 🤣🤣🤣Hi Friends Last week I mentioned NIFTY will give the chance for both buying and selling. It has exactly happened like that. Now lot of traders thinking of crash in the market like last march. But this is what exactly needed for rally. But on the safe side, look at 14k number on nifty, ONCE IT BRAKES 14000 THERE WILL BE BLOOD BATH. So, at this point of time I will consider this is as buying opportunity, to ride the rally. This week I will go for option 1, BUYING OPPORTUNITY. Your humble trader KIRAN If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze more stocks. follow my profile for new trading ideas (kiransunku2016) --------------------------------------------------------------------- The five conditions I watch regularly are. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. --------------------------------------------------------------------
NSE:NIFTYLong
by KiranSunku2016
4
Nifty weekly commentary by Kiran * Bubble rally* WEEK 20Hi friends, 2 months back itself I called this rally as bubble rally when nifty is still hovering around 12500. We are now in midst of it. I also called JERK for one day four weeks back. Exactly on December 21st there is crash of 3 percent. WHAT IS LEFT ON PLATE TO EAT in this rally. We will get one more Jerk in coming two weeks because of new strain of corona virus from USA. Grab that opportunity I will go with option 2 which is BUY AND HOLD. YOUR HUMBLE TRADER Kiran
NSE:NIFTYLong
by KiranSunku2016
4
End Game 😣😭Why Market will 60% crash Till Dec 2021 ?! 😯 1. Overvalued ,High PE ratio🙄 2. Real Economy is down to toilet but Financial Economy is booming 🤔 3. Unsustainable Debt to GDP😫 4. Covid is spreading faster with mutated Virus 😨 What to do??! 1. Hold Cash ( that's what warren buffet is doing right now)🤔 2. Buy Gold and Silver ( Buffet hate Gold but first time in history he is buying the Gold 🧐 ) 3. Buy Bitcoin (not more than 10 %) 😌
NSE:NIFTY
by UnknownUnicorn3756651
19
NIFTY COMMENTARY by Kiran WEEK 19, ABOVE 13,000-bubble rally?Hi friends, The market is in full josh. So I will go with option 2nd buy and hold. see you next week. Your humble trader KIRAN If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze more stocks. follow my profile for new trading ideas (kiransunku2016) --------------------------------------------------------------------- The five conditions I watch regularly are. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. --------------------------------------------------------------------
NSE:NIFTYLong
by KiranSunku2016
WILL NIFTY CONTINUE ITS MOVE UPSIDE OR MOMENTUM IS LOST ?Hi Traders, I am setting the snap short of the current analysis for those who need to see proper levels of m marking. And Writing the Taken out condition to understand about it. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For the taken-out condition, the price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. in.tradingview.com ____Yogesh Vats Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
11
CHART TELLS EVERYTHING IF YOU HAVE THAT INSIGHT SEE YOURSELF!!Hi Traders, 1, On the 21st of November 2020, I wrote in my weekly blog on nifty about two lines with the same condition for each line in trading plan section point no.1 is quoting for your consideration as proof of my statement. ". See in fig I made a black line as resistance if it is taken out in both time frames of 15 Min & 1hrs then you would see price moving upside and crossing the white line, you would see momentum in the move." Here you can see once the price took out in both time frames and crossed it gave you the app 250 points in one day a yellow color line showing you that momentum. even after a gap up the whole day. Earlier I used to ask why all levels I mark so reactive that price needs to give reaction from them in my previous post. Since I stopped giving them. Now I ask you why I put only two lines very near with current price action and when taken out condition gets activated you see the momentum on that side. This is what every trader should achieve her/his analysis. 2. Now I talk about the technical insight to see charts as your lesson, see a pink color circle showing a bearish belt hold in the opening of price in the next session. clear to show you the power of the black line marked in fig and one-hour kept price downside, once opened could not dare to make another high and second hour too down. But the second-hour candle is Dragonfly Doji which took the support of 27 Ema means to absorb selling and the third candle was bullish did not touch Doji candle low proving any sellers pending and took the price again to black line whole day. But until now taken-out condition did not activate. Point to be noted had belt hold to work then instead of dragonfly any bearish candle should support there but that was not case so odd is to upside. And same happened price reached the black line and the next day was a gap up the opening with the bullish candle of one hour is conformation to initiate long without hesitation to the next level of imminent resistance. See I marked a bearish candle with a red circle and the next candle was a big bearish candle had this candle appeared after the bearish belt the trend would have changed. If you extract information about price behavior like this then your insight will develop to see the hindsight. 3. I make a white rectangle showing a cluster of the bearish candle showing weakness. Setting the previous fig to compare with the current to check my statement proved above. Trading Plan For Next Week. 1. In fig I marked a green line if it is taken out in both time frames of 15 min and 1 hour then you will see the upside. 2. On the contrary, If the red line is taken out in both time frames then the downside. If it happens then I would suggest surrendering any long side positional trades because the whole week price will remain low from the high made this week. 3. For new readers writing taken out condition how it is being implemented. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For the taken-out condition, the price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. ----Yogesh Vats Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
25