Today Nifty opened above 100 points, started falling down and then recovered. The 2 big red candles denote weakening of upside and the red line above shows point of significance. In case you are in long position its time to keep trailing SL on your profit. I think there are roughly 66% chances that Nifty will go sideways or fall from Point of Significance. By...
It looks like Second Price cycle for Nifty has began and most likely we might see Nifty hitting 8761 in February. For now it seems like we may see some sideways move till end of month. For now it is good to wait for Nifty to complete sideways movement if it begins tomorrow.
1. Height of triangle was projected in downside. Then Nifty undergoing retrace. 2. After fall of 1 Fibonacci Retrace was 0.6 Conclusion : In case prices continue to fall from these levels it can fall upto 1.6 or 2 level on Fibonacci extension. Expected minimum TGT 8272
In case you prefer positional trading Nifty has undergone shift in volatility with divergence and break of resistance. The momentum has changed to downwards.
If Triangle Breaks in downward direction then we can expect good downside
If price breaks 8402 with shift in resistance expect nasty fall, minimum TGT 8367, level of retrace 8346, for more info check chart
Just Like Fibonacci Arcs, Fibonacci Arcs are generated similar buy entries. You can take a look side by side to compare buy signals. They are exactly similar.
Nifty on 2 hour chart is perfect example of most accurate buy and sell signals on Fibonacci Arcs. Simply Amazing Example to keep and Share
A divergence can been forming on Nifty, go short only if prices break support. In case you are already short maintain SL 8440
Nifty is hanging between support and resistance, it is advised to not go log or short before prices break in either of direction.
Bearish divergence is formed on Nifty 15 minute, if support breaks with shift in volatility, downside will begin. Go short when resistance break gets confirmed.
Greetings traders, This is a weekly update following our monthly, daily & probability analysis Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)! Now to the analysis, following our daily update, we mentioned that the NIFTY could...
The current upside is weak looking at the fact up trend line broke and price is experiencing throwback. Wait for good opportunity, avoid any entries before a confirmed move.
Right now Nifty is in between Support and Resistance line, at this stage we can expect little sideways movement. An upside or downside should only be considered on successful break of either support or resistance. Regards, Nrupen from TechFAnalysis.com www.udemy.com
Market opened with another shift in price, since all momentum indicators are oversold, this upside is not a strong upside and have high chances of failure, if you are holding a long position start trailing SL properly to protect your profits. Regards, Nrupen www.udemy.com
Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of...