macd divergence= check ✅ rsi divergence= check ✅ Broadening top pattern in the formation near support can take trade we might make new high like around 20500 last then drop for the bear of 2024
Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong Nifty Support Nifty Support 1 - 20125 Nifty Support 2 - 20035 Nifty Support 3 - 19960 Nifty Support 4 - 19925 Nifty Resistance Nifty Resistance 1 - 20200 Nifty Resistance 2 - 20240 Nifty Resistance 3 - 20340 Nifty Trend Signal From...
Nifty spot Bearish Divergence on 1 hr can look for tp of 18890-870 with risk reward ratio of 2.31 dc : only for educational and learning purpose
Nifty almost completed double correction at 19991. Very few will agree with the count but this is what I am expecting now. Nifty should start travelling towards south anytime soon. This time it will start a big bear cycle which is likely to continue for next 1 year (atleast). No overnight longs with index is suggested. Will update if this wave counting gets...
📈 N ifty 50 Analysis (One Week Outlook) 📈 🔍 Observations: Chinese Economy Woes: The real estate sector in China is under stress, with it constituting 25% of the country's economy. This raises concerns. US Dollar Strength: There are indications of potential rate hikes which could bolster the USD. If this happens, we might see a capital flight from the Indian...
Nifty forming Triple zigzag correction pattern from 19254 and it seems currently it is trading in final abc where wave a is completed and wave b is completed or will complete around 19420 then final bounce of wave c above 19484.......from 19484-19556 range big decline is possible. One can plan stop loss above 19556.
After the trades on Friday, I modified my stance to 100% bearish. What other boon could I ask for when we had the opening 5mts better than expected? “The first target to take out will be the recent swing low of 19296. The next support comes at 19190.’ As soon as 19300 was taken out in the 2nd candle, my conviction for a bear rally was growing. But that did not...
This is for awareness purpose, do not take this as an investment advice. Guys! mark these levels and trade these levels. Nifty is forming a Head and Shoulder pattern. Let's wait for a day or two for confirmation. If confirmed, it can touch the 18640 level which is a crucial support. If breaks this level it can go up to the 18000 level. Let us connect and discuss...
Nifty Weekly Analysis We lost 373pts ~ 1.89% between the last expiry day and today. Usually Nifty ends up compensating the loss by dip-buying. For the first time in many weeks - the dip buying is not that intense and that may open up more cuts in the coming weeks. Our stock market in specific has been in an unchecked rally from April 2023. The fact that US...
Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 18-Nov-2022 to 5-Apr-2023 around 138 days there was a good falling channel pattern. It broke and achieved 3 times the target. The next 138 days from the previous breakout is forming beautiful rising channel pattern. As per the pattern nature it might break below to the...
I had a long bias on Nifty from yesterday, the gap up was expected but the fall from 10.10 to 10.45 looked quite surprising to me. NiftyIT was supporting, the earlier fall came mostly from the FinNifty components - its understandable as its expiry. The much awaited levels to watch out for were 19700 to 19680 where nifty had spent some time yesterday as well as...
4 days of struggle & yesterdays downside rally, only shows price is finally getting into retracement until yesterday was expecting price to touch again the ATH again before further push down, but sellers are aggressive and did not even cross 19866 levels sell on rise for intraday is suitable can if good pull back comes can short positional
Bearish Shark Level - 62932 - 63026 SL - 63601 Target - 61550 / 60700 / 60000 Bearish Alt Shark Level - 64217 - 64523 SL - 65300 Target - 62500 / 61500 / 60650
As analysed yesterday price hit upper zone to trap buyers & price fell smoothly also gap and upside move was also predictable with double bottom formation. now as per today's price action market can give momentum only above 19500 and below 19300. Bias is only sell on rise near to resistance. No random trading
Nifty hits an all time high of 19523.6 at 10.00 today, this was after we opened gap down and then had a series of powerful green candles. The surge that took N50 higher was so special that if you looked at 10.00 AM you would never have thought of going short. Opening gap down was due to the handout from the global markets & it was expected. but the 102pts rally...
Nifty will be gap up opening in today's session. After opening nifty sustain above 19350 level and then possible upside rally up to 18480 in today's session. in case nifty trades below 19320 level then the downside target can go up to the 19200 level.
I am a student of the Market. I am studying EW Indicator. So You know that I am not a pro trader. I like to publish my IDEA about NIFTY50 . It is a possibility of a Down move in NIFTY50 or Maybe not...!!? Let's See what happens.....
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.