Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible 21804 --- 21910 ( No trade zone ) sideways Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
"Good morning, friends! Here are the directions for April 19th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be open....
Bearish head and shoulder chart pattern formed in GIFT Nifty in hourly timeframe.
NIFTY Intraday Trade Setup For 19 Apr 2024 Sell_1- From 22250 Invalid-Above 22300 T- 22080 Sell_2- Below 21950 Invalid-Above 22000 T- 21750 21585 NIFTY has closed on a bearish note with 0.69% cut today. Last weekend analysis is going well as we discussed that index will be under bear's grip below 22500 as per the effective 2nd leg shooting star candle in weekly...
NSEIX:NIFTY1! nifty future bounced back from daily timeframe buy zone and ended up just below previous sell zone, with no prpoer buy zones immidiate below, we may see a drop till midzone , if manages to break above current sell zone and sustains with a retest, then we may see move till green zone quickly
In the highly volatile session, the Indian indices ended lower for the 4th straight session on Apr 18 Nifty closed below imp level of 22,000 The index may face resistance at the 22200/300 zone Whereas support is placed near 21900/850 zone *For Education Purpose Practice and Learn price action setups
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
Above closing on that White line in any hourly could trigger price upwards 📈 (Sideways to bullish) 22343 -- 19th April Support on 22343 could 📈 to 22714 -- 22789 within ( 26th April -- 2nd May ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the...
The Nifty is making new highs on the weekly chart, but it seems momentum is being lost, since the RSI is not moving in the price direction. A Bearish divergence is visible on the charts. Further, there is a 220-point gap between 20510 and 20290. This region also coincides with 50 EMA. If Nifty breaks from its current support region of 21850–21530, it is likely to...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Ideally, we need one more red candle below 22295 for some bearish safety. 22051 is the next support level which could be taken out pretty easily if the shorts pick up momentum." Nifty hits an intraday low of 22079 today and a decent recovery to end the day at 22177 (22147 weighted average close). Honestly,...
Nifty Prediction for Thursday Expiry: Trend : BULLISH Sentiment : Positive Expectation : Strong BULLISH Nifty is sustaining at strong support level, if this holds good and in case Thursday opens gap up, it is a sign of strong uptrend. Plan for positional entries as well and you can find the intraday levels too marked on the chart. Look for Buy/Sell at Demand...
NIFTY50 CMP - 22754 Although NIFTY50 is trading at its ATH & making new ATH everyday but NIFTY50 is looking lil tired. Crude at $90, High bond yields, Bullion at ATH, Weak global sentiment & Weak US markets - nothing looks in favor of bulls. It would be interesting to see if bulls keep on buying & take NIFTY50 to 23k or is it time to be cautious and book longs...
"Good morning, friends! Here are the directions for April 16th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On the higher time frame, we have a double top formation (M pattern). To negate the pattern we would have to take out the ATH, otherwise, it looks like a nice setup to go bearish. 22519 is a good interim support level, the main support comes only at 22295." I personally did not punch any manual or...
NIFTY Intraday Trade Setup For 16 Apr 2024 Bullish-Above 22430 Invalid-Below 22380 T- 22660 Bearish-Below 22250 Invalid- Above 22300 T- 22050 NIFTY has closed on a complete bearish note with 1.1% cut today. In the weekend we discussed that index has formed a short term top as it formed a 2nd leg shooting star in weekly TF. Only thing is that it opened directly...
Nifty Prediction for Tomorrow : Trend : BULLISH Sentiment : Positive Expectation : Strong BEARISH Nifty and Banknifty both at strong Support level for BULLISH rally for new High in the upcoming days.. Sharp selling today is a correction, Expecting uptrend from tomorrow. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply...