NIFTY is trading at the crucial area which already tested the CHANNEL SUPPORT LINE on 14th August @ 2:15 PM. hence expected to break the channel at this time, therefor it is good to close the swing trading for long position.
Hi Traders, 1. On the 3rd of August 2020, I mentioned in my post of nifty wherein point no. 1 of the trade plan is quoting for your consideration. " I made a blue dotted line, if price opens gap down and takes the support of this line and gives close above the sky blue trendline then one should cover positional shorts. On the contrary, if the...
Today is a Clear Breakout! Yesterday close was slightly above Fibonacci retracement level of 11377. Today, @ 15:20 hours, if it closes above yesterday's close - 11386, you can go long. Stop Loss will be at previous close 11386 or slightly below Fibonacci level of 11377, or previous resistance of 11353. Below 11353, sell everything! Exit possibilities when it...
Nifty - Technical Analysis: -Nifty gapped up today but closed at 11421 below the opening price at 0.2% -Nifty saw resistance around 11450 but took support at 11400 and bounced back Market - Driving Factors: -Zee Entertainment, GAIL, Bharti Airtel, Tech Mahindra and Maruti Suzuki were among major gainers on the Nifty, while losers included Bajaj Auto, Nestle,...
Nifty has taken support at the channel trend line. It has made a strong marubozu candle. It has room to move up. My view for tomorrow is Bullish...
If NIfty shoots upside it can topout at the previous high @ 11341. if it breaks down 11165 then it can trade below the neck line placed at 10880. Upside target : 11243, 11300, 11341, final 11377 downside target : 11111, 11055, 10880 , if the neck line is broken then the direct target will be 10580 and 10551 which is 1.618 level and...
Nifty Making HH & HL continuously showing strength Now we are at Distribution zone where selling was emerging since 22 July . after that we see a slight retracment towards 10890 levels now again we are at top of that distribution zone yesterday was a gap up which didn't hold -----its weakness as we were in distribution zone will think of shorts only...
Anyone predicting the market would be lying at this point, we can all speculate but things are pretty uncertain with Nifty at the moment. But considering we're in uptrend, either it should touch 11300 and break the new high or touch 11300 and then fall. also, on 1 hour TF there was a triangle pattern which broke in positive end to support this hypothesis. In both...
nifty has the support of 11100-11050, anywhere you find a convincing green candle in this range you can initiate buy call. and if this level gets broken more fall can be seen. Conversly 11250 is seems to resistance for nifty. same strategy to follow. Means, if you fing a good convincing red candle near this level, SHORT and if broken one can go long. Happy trading...
I hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Hi Traders, 1, On 25th July 2020, I gave the target of the green dotted line is achieved today with such perfection that selling came exactly from that line is quoting as proof of my statement in point no.1 of a trading plan. " the pink dotted line is now next taken outline if it is taken out in both time frames then the green dotted line is...
Hi Traders, 1. On the 21st of July 2020, in point no. 2 of the trading plan I clearly wrote the possibility of range-bound trade is quoting as proof of my statement ". If price open gaps up and does not sustain in 15 min come back to the pink line then it means the price is going to range-bound in the coming hours between the pink and red dotted...
Nifty likely to resume its uptrends towards 11000 levels and might go till 11200
Hi Traders, 1. On 14th of JULY 2020, I mentioned in point no.1 of trading plan section is quoting as proof of my statement consider the conviction of this point ."One yellow line is made if this is taken out in 15 mins then the price will move to the white-green zone. Otherwise down move will continue to blue dotted line downside." Here you can see...
Explained in the video. Follow my profile for more updates!
Nifty can fall till 10290 to 10270 however in the open there can be a pull back rally till 10660
Hi Traders, 1. On 10th July 2020, I mentioned in my blog of nifty in point no. 1, of a trading plan, is quoting as proof of what you saw in two days has already manifested two days back in form of support, resistance, zone, and conditions for trades. " the price was expected to come down to the red-green zone the red line is replaced with a blue...