Sell Nifty @ 22450 - 22400 with the SL of 22520 for big downside targets. Risk Reward looks great at these levels.
Sell Nifty: 22450 - 22400
SL: 22520
Targets: 22142, 21980, 21870, 21635
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InvestPro India
We have observed an interesting pattern in Nifty, from Jan 1st week top Nifty gave a fall of 1500+ points in '23 and 2200+ points in 2022. However, 2021 was an exception where we saw a minor fall for approx. 700 points but it went up after forming the bottom.
In 2020 we all are aware what happened, we saw the Covid Crash in Nifty for approx. 5000 points from...
Nifty is forming bearish pattern and expecting more downside towards 19780 and below levels during intraday. Buyers need to be cautious.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty is forming bearish pattern and expecting more downside towards 19780 and below levels during intraday. Buyers need to be cautious.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty spot broke the important level of 19200 and we re looking big targets in downside as marked on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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...
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
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Nifty has formed double top pattern on hrly TF. breakdown of 18225 can give a downward movement of 150-170 points. If Nifty manages to close below the demand zone around 18040 expect more weakness.
Sell Nifty @ 18180 - 200 for the targets of 18120, 18080 and below.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty 50 Index Weekly Overview made Bearish Pattern
Hey Friends Here is an Overview of Nifty Fifty Indian stock market Index for next week. Only Educational purpose to publish this idea. not buy sell advice.
So Nifty 50 made a bearish pattern called Rising Wedge
SGX NIfty is nearly ATH forming a Bearish Shark Pattern at the top 18550-18600 Range expecting a market reversal from this top to the downside of -1700 points till 16850.
NSE:NIFTY is at important make or break level, can plan for btst put if head and shoulder is confirmed, can buy month expiry 18000 put at 18148/18175 (left shoulder high range) after head is created.
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Call Side Posiible Trade in Nifty on Monday
First Possible Trade
Tread Entry
If Nifty sustain Above Support Zone (16720 -16705)...
