Nifty has broken its strong Support Tl1 and its currently at its retest, the fact that second wave of covid that has started in UK might be one of the reason for this shake down But following Technical analysis I can say its weak for upcoming sessions, Moreover there is a common Gap at the bottom that is still left to be filled. The entry points are given along...
NIFTY is at no trend zone - LONG above 11540, Short below 11430
Here I have verified The Leading Digonal Wave by Wave to clear every doubts anyone still has; Now this entire Wave 1 has taken 9 Days and some hours to complete; This is Wave A of Wave 2 which has taken 1 day 22 hours to complete hence Wave B we should give 1 and half day Wave C should also take minimum 1 day; hence a total waiting time Monday and...
We see 5 Wave Upward impulse is complete and therefore now starts the Correction; We have verified the Wave 5 which confirms the completion of the Upward 5 Wave Impulse; we see Wave A and B which we will verify in the Lower Degrees to understand the current Correction structure better; So in Correction we have a Wave A ; Wave B ; Therefore, Wave A...
Nifty may decline towards 11116-11006 range without breaking above immediate resistance range 11279-11338. If break and stays above 11338 then only positive.
Please check comments
Spinning Tops in a narrow range usually signify mixed signals - it can move in either direction. So, it may bounce anyday upto 11550-11600 but, the direction clearly remains Bearish. It's preparing itself for a meltdown. 11250 is it's support, so it's spending some time here. Once it breaks this, our targets are - 11000, 10800 and 10450.
Nifty - Technical Analysis: -Nifty was down 193.60 points or 1.68% at 11333.90. -Price below the trendline and made a new low after previous Monday. -Nifty could not revive the gap-down and closed low forming a doji. Resistance level at 11450. Further selloff to 11250 exptected. Market - Driving Factors: -All the sectoral indices ended lower with metal index down...
Nifty has once again broken the support of 11353. It may rebound but, it's going down. Short it.
Hi Traders, 1. On 21st August 2020, I wrote in a series of nifty blog about the target achieved yesterday (28/8/2020), is quoting as proof of my manifestation of the current move one week advance with the perfect rhythm of levels marked in the previous fig. by price in point No.1 of trading section " My final target of the previous post was an...
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...
if u can find the similarity u will make money 2mrw blind short if nifty opens lower than today's low
NIFTY is trading at the crucial area which already tested the CHANNEL SUPPORT LINE on 14th August @ 2:15 PM. hence expected to break the channel at this time, therefor it is good to close the swing trading for long position.
Note: This is for educational purpose only. There seems to be a bearish RSI divergence on daily chart of Nifty.
good Location to short the index seen good quality of selling in distribution zone
If NIfty shoots upside it can topout at the previous high @ 11341. if it breaks down 11165 then it can trade below the neck line placed at 10880. Upside target : 11243, 11300, 11341, final 11377 downside target : 11111, 11055, 10880 , if the neck line is broken then the direct target will be 10580 and 10551 which is 1.618 level and...