Nifty is forming a Bearish Shark Harmonic Pattern and Extending to the target 17784 Levels and the Sell area for Shark is at 17850.This zone will act as a good supply.
Until that we can see that Nifty wil hit the zones it will be the target for my buy positions and RBI is planning to raise the intrest rate by 35-50 bps . SO, nifty will remain bullish unitl that.
Nifty broke the Support 15770 and made a good bearish engulfing candle pattern this shows that seller's are strong and the global market also looks weak due Inflation in every part of the world.
As per my analyis Nifty is in DOWN trend we can sell the market if it comes near the resistance around 15700 - 15800.
The next support is around 14400 - 14500 and this...
Buy signal if any One 30 min Candle Closes Above - 17360 Stoploss - 17335 Target As per Chart
Buy Put if market sustain Below 17335 - Stoploss - 17360 Target As per Chart
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NIFTY chart analysis
My previous analysis were reached as per my analysis please see that also.
the chances that market may move
1)It may come down between 16877 to 16650.
2) It may even break the support(16650) and come down to
target-1 : 16900
target-2 : 16500
this is just educational purpose only. Not financial advice. the analysis is solely the opinion...
I hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
Nifty Crashed more than 600 points today before settling at 13328. More Downside will come till 12600-12800 if it breaks the upper trendline. Be cautious! Book your Profits. Any Upside will be Sell on Rise on Nifty as well as Bank Nifty.
This is a Flat Structure where we have Waves A and B completed and now Wave C which is a downward Impulse forming; so for now you can forget buying; it should bouce in our Supply from the Demand drawn as per the dotted lines and then Nice fall I have also mentioned the target in the downward direction;