is Nifty goint for 5000? Simple answersince i am giving answer through chart it will be good if i describe in terms of quantative analysis.
Niftyreversal
Nifty is in a Ascending Triangle PatternNifty is in ascending triangle pattern, which can give movement if it breaks the black line and closes below 11385 and it will go up if it closes above the red line and closes above 11395.
According to technical analysis and pattern, Nifty is showing a positive trend today.
Targets are 11415, 11440.
NIFTY IT: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019
NIFTY IT moves around +476.85 pips from 19th August 2019 to 23rd August 2019, in which nifty IT break last week 12th August 2019 to 16th August 2019 top 15822.40.
NIFTY IT: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019ghstocktrading.webnode.com
ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019
NIFTY IT moves around -345.75 pips from 15th July 2019 to 19th July 2019, in which nifty IT break last week 08th July 2019 to 12th July 2019 top 15480.15.
NIFTY | Rising Wedge pattern spotted Rising Wedge pattern observed in NIFTY. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 420 points. With confirmation of pattern occurring at 11950, Target of the pattern comes in at 11530. Though, a retracement towards the pattern cannot be ruled out. Also be aware that 11616 could offer a good support.
NIFTY HOURLY CHART TRADE CAUTION TRADE WITH STRICT STOPNIFTY HOURLY CHART TRADE
CAUTION TRADE WITH STRICT STOPLOSS
NIFTY HAD BROKEN STEEP TRENDLINE
NOW HAS RETRACED TO 61.8% ON HOURLY CHART
IF THE TREND IS TRUE IT MUST REVERSE
FROM 10568-70 OR 10550 LEVELS(ADJUSTED FOR VOLATILITY
TRADE WITH A VIEW OF 10750 IN MIND AND WITH A 30 TO 40
POINTS ON THE INDEX
NIFTY 50 ELLIOTT WAVE ANALYSIS 02 MAR 2017Hi,
NIFTY approaching strong resistance zone 8975 - 9018, Wait and sell on 9018 level. If this level is not reached by today we can expect further correction upto 200 points.
Today is major GANN pressure date, today we can get reversal on 9018 level. If this not happen means wait for another one month upto APRIL.
But long term view market fell to 6725 with in Year from reversal date.
1 Hour Chart Divergence Break With Shift In VolatilityIn case you prefer positional trading Nifty has undergone shift in volatility with divergence and break of resistance. The momentum has changed to downwards.
If price breaks below 8402 Expect fall to 8367If price breaks 8402 with shift in resistance expect nasty fall, minimum TGT 8367, level of retrace 8346, for more info check chart
NIFTY Weekly Update - Open tradeGreetings 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 turn at any level at/above 50% R in the plotted resistance zones for X2 but our double confirmation post revealed that the powerful zone to act as a resistance would be 50% R due to the added trend line's angular resistance.
Now NIFTY has been stumbling in the 61.8 Zones.
For any avid & serious trader, this would be a good spot to take their sell position, accounting the underpinning bearishness in the asset & it has a long way down based on our analysis!
For conservative traders, it is a walk through mist scenario where you can't see things clearly as if they were! yet we can say only a thing - wait for the market to unfold downwards & take your positions accordingly! (you might miss a few ticks but that is negotiable for safety)
For understanding the risk (SL) & (TP), please refer to the link in the signature section below
(it is elaborate & a bit tricky - hence we made a video presentation in it - feel free to watch it).
Fell free to reach us to share your thoughts/comments!
Happy Trading
NIFTY WEEKLY #MAPPING #FRACTAL #STRUCTURALLooking at NIFTY WEEKLY CHART WE HAD SEEN STRUCTURAL FRACTAL MOVE from MAY 2014 to FEB 2016 .. And after making high of 8968 it showing same indication .. So just Pre-empting same structural move
Pattern void abv 8968 and more indication below 8550
