Nifty is trading in an uptrending channel which somehow suggests a probability of Reciprocal ABCD pattern{ 1.168: .618} In today's session a bearish follow-up candle is formed, though the momentum of today session was not as strong as yesterday's If you could see the fall from 10500 levels, you may notice that , the prices are respecting every near term support,...
In today's session a follow -up bearish candle has formed, which was quite expected on seeing strong Bearish engulfing in yesterday's session. If you look at candles, you could find that the today's momentum was bit less than the previous session, which suggests keeping near near term resistance levels in check, so that the further move can be tapped on the right...
Short Nifty below 10235 T1: 10195 T2: 10170 T3: 10150 SL: 10255
Short NIFTY below 9945 T1: 9920 T2: 9900 SL: 9962
NSE:NIFTY ABCD pattern observed in 30 mins nifty chart one many short with SL 1020 T1 9920 T2 9850 9790 feel free to comment
Probably this post for Nifty is the most delayed chart I ever posted as its usually around 9 am for Me, to post it out ! Just held up with few other things...Back to analysis ! We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves...
Markets are definitely under pressure and we are currently witnessing a strong breakdown . A strong follow through to the downside move has resulted in Bollinger Band widening suggesting more upside in store. Further the ADX and negative DI lines are also stretching upwards suggesting strong buying participation. Sell at current and on rally to 9980 for a...
Currently having main resistance at 9682. If it is not broken soon enough, their is high possibility of consolidation. In any case I believe it has not hit the actual resistance, but their is time for it.
There is an unfilled gap from 8970-9020. Market will try to fill it as soon as possible. Target: 8975 (175 points) Stoploss: 9200 (50 points) R/R: 1:3.5 Regards
Looks Nifty may continue to fall further. A Low risk entry can be spotted with good reward potential 1 : 3.5 If you prefer only low risk trades, this trade is worth taking
Nifty kinda have generated short signal, use range for SL
Nifty started falling after failing to make new high yesterday. Currently it seems like fall gionna continue further. If you are short hold your positions till price finds support on any of these arbitrary supports. Bullish MACD crossover will form when prices will find support, you can exit your positions then.
Hi, 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...
In the last analysis my view was that a breakout trade should be initiated and Nifty went from 8652 to test the important resistance zone of 9000 as expected. As of now it seems that Nifty will retrace till the red zone of 8430- 8300 to complete the Wave 2 (Red) within Wave 3 (Double bracketed Blue). It is also possible that the retracement is shorter in that...
Head and Shoulder is considered as reliable pattern for identifying trend reversal. And as we can see here head and shoulder pattern broke the neckline. Based on that I expect Nifty to fall to 8850 but prices may retrace to neckline
For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line... Shorts can be made for the targets of 8800...
Short Nifty at cmp 8787 with stop loss at 8805 for target 8690. Sl of just 18 points for a nice 100 point target.