Nifty50 Spot Candles took support at 5 EMA with lows at 15081 on daily charts. The good part is that the prices bounced back after just touching the 5 EMA levels which may mean that a support has been created at 15080 levels. Another good part is that the next support level, 10 EMA is not very far and the very next support should be 14900 levels but, 15000 ce...
Hi traders, two weeks ago before the big event of the budget, I published my analysis where I gave you two conditions and levels of how they worked see yourself in detail explanation of my video. the link is given in the box. Yogesh Vats
Nifty Spot Charts Nifty seems to have respected the support at 15050 and if so, correction might justbe over now. Daily charts have an uptrend with a new support at 14950 levels followed by 14800 levels thought I can't find a good reason to say that Nifty might test these levels. Data 15200 is a very critical level with an Open Interest of 1,453,500 in ce 15400...
NSE:NIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop...
State Bank of India Uptrend continues Nifty Bullish World market Bullish Crypto Bullish Flag and Pole Pattern
*Study of spot levels The entire world seems to be losing strength. The markets are rising but the speed and strength and this may indicate some correction. Now, even if there is a correction, Nifty has found a very strong support at 14725. That is a good 400 points from where we stand right now. This gives us an idea of the maximum risk that bulls are looking...
*spot level study 14800 to 14900 levels are where bulls should enter. Why wait is because the RSI is in the overbought range on weekly charts. The gap between Moving averages / trendline has been covered quite a bit yesterday as MAs moved up. The base level shown on the daily charts today is at around 14460. This level is a support if there is a major correction...
RSI on the weekly chart is above 70 which is an overbought range. As seen in the past, Nifty has to correct itself to get RSI back in the trading range. Trend is bullish so I don't recommend any short positions but the strategy should be to buy on dips. First support is at 14900 levels so one can buy at 14950 levels with strict stop loss. Another very strong...
Hi friends, This is one of those great times, which give opportunities for both bulls and bears... especially for traders. So, sit back and have 🍻🍺🍺 and enjoy the ride... I will with go for the confirmation of trend so the option is 2 BUY HOLD. Your humble trader KIRAN If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze...
Nifty50 Why am I waiting or why am I doubtful? 1. The candle in daily chart made today closely resembles bearish doji. 2. The distance between candles and trendline seems a bit too much. 3. Even the distance between the candles and 20 day EMA is of around 500 and the 20 day EMA is at 14375 levels but the prices closed at 14925 which, according to me is not...
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...
Can buy NIFTY1! with a stop-loss of 13850 for intraday as intraday charts are showing a positive momentum movement.
NIFTY 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...
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...
Nifty buy 13900 / 13860 Stop loss 13800 Target 14150
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...