Today we have a red indecisive candle with a high high and a high low. The price is rejected from the resistance level of 22300. Currently we are in a negative trend. I just need another red candle with a breakdown of the previous candle low to enter a swing trade. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
22296 --- 22241 ( No Trade Zone ) Closing below 22241 in hourly could trigger a downward momentum 📉 📉 📉 to 22136 Any hourly closing above 22296 then 📈 📈 to 22449 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "The recovery was more than fast and furious, it even took out the 22051 resistance level. This nudged me to change the stance from bearish to neutral just for tomorrow." Nifty started the day inline and then started climbing almost steadily. There were no visible drops, pullbacks, or attempts by the Bears...
22042 -- 22071 (No trade zone) If today's closing is below 22042 then there could be some corrections 📉 possible to below levels for (14th May ) If closing above 22071 then 22232 could test 📈 📈 within (15th May ) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Soon i will give update on how to use this IT levels in Options Trading. Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "On the 63mts TF, the bearishness continues. The next target of 21913 is still in our watchlist and if we fall below that - the real action begins." The day took me by surprise, not with the inline opening and a 248pts ~ 1.12% downward fall, but the reversal of 310pts ~ 1.42%. The downside was in the cards,...
Please find below simple resistance and support: Resistance: 22132 If crossed up then will see upward move: TGT: 22338 (1 small hurdle at 22186) Support: Trendline support although 21934 If crossed down then will see downward move: TGT: 21820 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED...
Hourly closing below 21796 could trigger a 📉 📉 to 21632 If sustains above 21796 then could consolidate or could test 📈 22030 (22030 above in hourly closing is bullish 📈 📈 will update above targets if it sustains )
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get negated." Nifty was unable to take out the...
Please find below simple resistance and support: Resistance: 22093 If crossed up then will see upward move: TGT: 22131 Support: 21984 If crossed down then will see downward move: TGT: 21813 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY...
Soon i will give update on how to use this IT levels in Options Trading. Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day." If you look at the horizontal lines, it may appear like I drew them today after the Nifty's move. Thankfully...
Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of...
If this hourly candle closes above 22076 then shortcovering could be possible to above levels Any closing below 22081 📉 📉 📉 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
If this hourly candle rejects from 22176 then 📉 📉 📉 to 22072 22072 imp support, if sustains then shortcovering could be possible to above levels If hourly closing above 22176 then 📈 📈 22331 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty will be gap up opening in today's session. After opening nifty sustain above 22320 level and then possible upside rally up to 22440 level in today's session. in case nifty trades below 22280 level then the downside target can go up to the 22160 level.
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295." Today the entire action was around the 22295 levels. The open was a gap down and N50 spent time till 11.47 underwater. The 22295 level was broken by 12.07 and...
22164 above sustains or hourly closing then upside momentum 📈 is possible to above targets marked 22318 and 22393 If any hourly closing below 22164 then 📉 📉 📉 to 22057 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.