Long NIfty in Demand zone around 11200--11000 with sl 10950 cls base
you may rollover with buy extra premium as well
for target 12000
stay long and enjoy
in my last report suggested nifty long at 10680 and target was 11777 n hit over tgt 11980...hope u remember it
and i again come with my big target
follow me make money
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 02ndDecember2019 to 06th December2019
Nifty 50 moves around -248.30 pips from 02ndDecember2019 to 06th December2019, in which nifty 50 break last week 25th November 2019 to 29th November2019 bottom 11919.75.
Bearish ABCD Pattern Rules
Find AB
Point A is a significant low
Point B is a significant high
In the move from A up to B there can be no lows below point A, and no highs above point B
If AB, then find BC
Point C must be higher than point A
In the move from B down to C there can be no highs above point B, and no lows below point C
Point C will ideally be 61.8% or...
PLEASE NOTE:-
THIS IS A VIEW ON NIFTY INDEX NOT A SUGGESTED TRADE
SINCE I DON'T TRADE WITH MONTHLY POSITIONS
!!CAUTION!! IN NIFTY INDEX
-AS WE SEE THERE IS A CLEAR DIVERGENCE IN NIFTY INDEX ON MONTHLY CHART
-MOMENTUM INDICATORS ARE LOSING MOMENTUM
-CLEAR "DIVERGENCE" IS VISIBLE ON THE INDEX MONTHLY CHART
-WE HAVE CLEARLY HIT RESISTANCE ON WEEKLY CHART...
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 18th November 2019 to 22nd November2019
Nifty 50 moves around -171.00 pips from 18th November 2019 to 22nd November2019, in which nifty 50 break last week 11th November 2019 to 15th November2019 top 11973.65.
Indecisive street holds the major indices in a tight range for the week, looking for further cues it is still unclear which direction it would resume going forward. Nifty and Nifty bank respecting our supply zones of 12016 and 30641 respectively as mentioned in the last report.
Nifty continuing to be in uptrend holds a key supply zone of 12016 with a stop loss...
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 11th November 2019 to 15th November2019
Nifty 50 moves around +171.00 pips from 11th November 2019 to 15th November2019, in which nifty 50 break last week 04th November 2019 to 08th November2019 bottom 11850.25.
NIFTY: Daily price action has created a resistance on the chart. Now 12015 (spot) levels will be acting as resistance. The dominant trend is up, the prices are trending above the kumo indicating strength. Momentum has slowed a bit, however it is expected to pick up in the coming sessions if 11820 holds on closing basis. Below 11820 Nifty may drift down 11560...
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->04th November 2019 to 08th November2019
NIFTY IT moves around -447.65 pips from 04th November 2019 to 08th November2019, in which nifty IT break last week 28th October 2019 to 01st November2019 top 15657.75.
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 04th November 2019 to 08th November2019
Nifty 50 moves around -183.90 pips from 04th November 2019 to 08th November2019, in which nifty 50 break last week 28th October 2019 to 01st November2019 top 11945.00.
Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart.
Our levels worked very well today too.
What Next?
Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone.
But nowadays sentiment is positive...
04 - 08 Nov 19
Strong resistance is seen around 11970-12118 area were W5/C/(B) completes
expecting a strong selloff to happen around this zone
Going short on break of 11843 will be a good idea
refer chart for possible W (C) tgt as mentioned
Happy Trading ....Respect Risk
Festive season brings out some cheer for the street, inching the indices higher towards their all-time highs. We had few shorts which would have triggered as mentioned in the last report for Nifty at 11839 and the Nifty bank at 29674. It is suggested to strictly follow the zones and have stop losses in place. Some disappointment in numbers pertaining to PMI and...
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->28th October 2019 to 01st November2019
NIFTY IT moves around +687.25 pips from 28th October 2019 to 01st November2019, in which nifty IT break last week 21stOctober 2019 to 25thOctober2019 top 15085.45.
Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926.
Now on the daily chart it has formed long upper shadow with little body.
@What next?
By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly...
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