On 1D timeframe we can see that there is support trendline from sep'20 and tomorrow it is going to touch that trend line you can wait till it hit the trend line it is a good Buy for tomorrow.
On the other hand if the Candle breaks the trend line and closes below the trendline then it's time to short the market it will be good swing trade for this week
key levels are mentioned on chart
nifty having bearish sentiments
I am not sebi registered analyst
My studies are for educational purpose only
Consul your financial advisor before trading or investing
Below 14750 be careful and in no time it may reach 14200.
There is no doubt that any rise is a selling opportunity as we are witnessing RSI divergence.
The upper resistance line is working so well and now its time to touch the lower trendline which is near 14200 zone.
Nifty at strong resistance as per these Harmonic patterns. stop loss is quite big so trade on reversal only.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Technical Reason :
Head & Shoulder is forming in Nifty. A topping pattern
so nifty will crash really hard,
T Trail it
Fundamental Reason :
Horrible Budget, Nifty will likely To crash.
This is Pro trade for free To you.
For more trade and Advice Follow and message us.
Nifty has broken the medium support and if sustains below today's today may travel towards the lower trend line.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
The Nifty is going to down on 99% from 200 points in Entry.
Today call,so future selling is best for trading.
Entry = below 14041
Target: 100, 200 ,250 points
please share this and give like that will be must better to post next idea.
use this stagy and get good gain...................
Trendline on the daily charts in nifty shows a support at around 13000 levels. There is nothing that looks to be a boost for the markets either.
Moreover, the 100 day MA of is at 13670 levels and 200 day MA is way lower at 12160 levels.
my suggestions is to exit longs at recoveries and wait with a capital to enter at levels where the markets take support.
After a long journey of price in the long side, this fall gives an indication of correction in nifty. The detail has been explained in the video link given in the description box. for clear insight see detail analysis.
As usual, I provide the next plan for next week. Many traders earn from the analysis you also be one of them if you strictly follow every instruction shown in the plan and going through the details of execution through video. The link has been provided in the comment box.