All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Good Morning!
A closing of above 17500 in Nifty, has now become very important, as the formation of a Hanging Man pattern on the chart has raised a concern.
So, for now, we can expect to witness a pull back in Nifty, until we get to witness a closing of above the aforementioned level.
In the meanwhile, Sell on Rise will be a good idea here, as per your risk...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Market is in bullish Trend but Market need correction & same happened 2 days back, Now if market opens on downside wait for BO for any level & sustained 15 min hen take trade but do watch OI & volume for comfirmation.
Good Morning!
A bearish pattern formation, named as Hanging Man on Nifty’s Day chart, is somehow indicating Today to be a profit booking Day. So, be a little cautious.
Although profit booking at the current levels is quite natural. Besides, with the support level of 16700, the overall sentiments of the Market still seems to be quite positive.
Also, as per our...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Nifty on the daily close has given a nice lower wick rejection and remained strong in the last trading hour.
It tested its hourly 20 ema and regained 100 points in the last hour candle.
On 15 minute chart analysis nifty formed a nice higher high formation in the second half of the session.
Support:- 17300, 17220
Resistance:- 17400-430, 17500, 17630
Market was...
Good Morning!
As we can see, the Market is beautifully giving us a bounce back at every lower level. Also, buying opportunities at these lower levels is indicating to be a good sign for the Market.
Moreover, as we have been repeatedly saying, the Market still seems to be in a very good mood and is getting ready for a new high by this Diwali. So, yes altogether...
Nifty on daily closing has given a dragon fly doji and respected the level of 17400.
The market retested and recovered in the last trading hour of the day. There is a bullish moving averages cross over on daily charts.
On hourly chart analysis market respected its 20 ema and has given a nice up move.
The market On 15 minute chart, the market traded around its...
Good Morning!
What a wonderful bounce back in Nifty from the lower levels. Also, we got to witness another consecutive day of a beautiful closing of above 17300.
So yes, again the Market has been showing some good strength, supported with good number of various companies. Well as of now, we are still with our words that is to tighten your seat belt and get...
Nifty has given a doji on daily chart. The market consolidated whole and tried to gain some points but closed almost flat.
The market has stretched and gained around 1000 points in 5 trading sessions.
There is a bullish moving average cross over on daily time frame.
The market on 15 minute time frame traded whole day around its 20 ema and closed below...
From 15511 an impulse wave is started and in that impulse wave iii is not extended(means projected less than 161%) that is why wave v should be extended as per the rule of alteration. So wave v started from 16438 is extended after breaking above 17205(61% projection of wave v). Now Nifty may decline towards support range 16948-16675 from given resistance range....
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Good Morning!
Finally, Nifty was successful in giving us a beautiful closing of above 17300, yesterday. Where some positive contributions were from different sectors specially Auto.
As of now, it is being expected that somehow, this results season can continue to contribute positively towards such a Market Momentum.
Also, we can now uplift our support level...
Nifty Analysis for 01-08-2022 (Pre-Open) NSE:NIFTY
Broader Outlook :
As everyone is aware that market is going on pushing upwards without any meaningful correction since 15900 levels , now with rise of close to 1500 odd points its high time to be cautious as the markets may retrace downwards to fill many opening gaps in 16000-17000 range . On the Upside i...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Nifty has given a good move and The moving averages are close enough.
The market remained in a bullish mood and closed above 17300 gaining around 1%
The market has stretched and can retest before giving another momentum.
Support:- 17400-30, 17500(round figure)
Resistance:- 17280, 17100
Wait for the price action near the levels before trading the markets.
Dear friends, Good day to everyone!
Welcome to my NIFTY analysis where we will take a look at the daily chart of NIFTY.
As you can see, price is in a clear downtrend since October'2021. However, the downtrend is
occurring in a Descending channel defined by Upper Trend Lines and Lower Trend Lines
We have multiple touch-points in the UTLs and LTLs which I have...
