weekly time frame
wolf wave + pre assumed harmonic formation
Bearish wolf wave formation
Index is trading above the resistance line of structure. over bought
bearish divergence on rsi and macd with respect to price.
Cyper pattern roll out,
leg C should be 1.13% of leg AB, at the moment its around 1.128 almost at maturity levels.
if this pans out, there can be...
Nifty will be gap up opening in today's session. After opening nifty sustain above 19200 level and then possible upside rally up to 19300 & this rally can extend antother 100-120 points if market gives breakout in 19310 level in today's session. in case nifty trades below 19180 level then the downside target can go up to the 19070 level.
Nifty has monthly rejection from 2003 to till date is between 1930 to 19404. If it breaks 19404 level then we can see 20000 level.
Nifty will gapup opening at 19238 level. if it sustains above this level then we can go for Buy and target will be 19303 and 19355.
Sell below 19140 target 19090, if it breaks 19090 then direct target will be 18888 level.
Dear All,
We can start this New Month on a positive note, as finally Nifty is at its Fresh New High as per the Daily, Weekly and Monthly Chart Basis.
On the Monthly basis, we have observed the beautiful effect of a Morning Star Doji pattern which was seen on the chart of Nifty in the Month of April. Consequently, both May & June had turned out to...
On December 1, 2022, Nifty reached an all-time high of 18,887. However, since then, it has experienced a downtrend. On March 20, 2023, Nifty hit a low of 16,828, which is nearly an 11% drop from its peak within just 109 days. Fortunately, Nifty has recently started moving in an uptrend channel, and on June 28, it broke its previous all-time high. As of June 30,...
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19210
Sell Below - 19140
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
A bullish candle on the weekly time frame, show some positivity in the indian markets and the indices are forming new ATH.
Banknifty has given a nice movement and closed n around 44750 levels. It has been giving gap up and momentum after even the gap up.
On daily charts, market has crossed the 20 ema and given nice momentum of 1100+ points in previous...
Nifty on the weekly time frame has given a 500+ points or 2% up move. It has formed a bullish marubozu candle.
Market has been continuously giving gap up and movement for 3-4 days.
There was a good movement after testing the 20 ema, on daily time frame. Nifty is trading around 19200 levels and forming new ATH.
It can give momentum to touch 19500-700 levels....
🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 3 - 7
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18465, 18645, 18890, 19190, & 19200.
🔎My outlook:
The outlook for the upcoming week’s trading...
NIFTY Intraday Trade Setup For 03 Jul 2023
Buy-Above 19205
Sl-19155
T- 19310 19420
Sell-Below 19135
Sl-19185
T-19050 18965
NIFTY has closed at a record high last week with 2.8% gain. Our long triggered on 26 May above 18460 for the target of a fresh ATH near 19100. Index hit our target slowly and steadily (18460-19200+). Now we will ride the momentum to the...
On Daily charts, we observe that a new channel trendline has been adjusted after previous week’s rally and a new bandwidth line between the lower and upper bound has been redrawn too. Last week rally is breakout above bandwidth resistance ( Support point now: 19,042) which will act as a first support moving next week.
On higher levels we can see a rally upto...
Nifty is at ATH, a pull back is due is was everyone is expecting
Therefore, market will not give a pull back and keep hitting SL every time retailer's make short positions.
Trading a pull back could be risky as it will be against the trend.
It's a buy on dip only way to trade in favor of trend.
Nifty50 Important intraday levels are as follows,
#Support: 18940
Short if candle closes below 18940.
#resistance: 19010
Long if candle closes above 19010
#Targets on downside after break of support:
Target 1= 18880
Target 2= 18820
#Targets on upside after break of resistance:
Target 1= 19100
Target 2 = 19160
Nifty opened gap up at 19076 immediately hitting an all time high, that was just the start. Most of the traders were expecting N50 to close the gap and fall to the trading range of the previous day. That did not happen, instead N50 was firing on all cylinders.
The major reason for this thrust in rally came from NiftyIT which ended +2.5% today. IT's strength...
Dear All,
Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826.
Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing...
NIFTY Intraday Trade Setup For 30 Jun 2023
Buy-Above 19015
Sl-19965
T- 19105 19187
Sell-Below 18940
Sl-18990
T- 18855 18770
NIFTY has closed on bullish note last with 0.82% gain. We longed above 18460 on daily swing breakout for target of a fresh ATH near 19120. We are at striking distance to our target and we will keep on riding this till our TSL is intact. If...
Nifty will be gap up opening in today's session. After opening nifty sustain above 19000 level and then possible upside rally up to 19130 in today's session. in case nifty trades below 18960 level then the downside target can go up to the 18840 level.
nifty has to retest the 18888 level. so nifty should take reversal from 19091 level and try retest at 18888 level.
Marked entry with SL in the graph you can copy the trading view chart from here.
in.tradingview.com
