In this 1hour chart from 18351 to 16837 wave A is completed and from 16837 to 17794 wave B is completed at double zigzag correction. From 17794 wave C is already started and 16280-15923 would be the target range.
Nifty has formed inverted cup and handle with low volumes. And looks like the expected target also reached. Now it has potential to move down even further from this level but to be wait and apwatch case in coming days. FII is heavily selling**. Comment your views if you have any. This view is only for educational purpose**.
NSE:NIFTY Observations: 1)On 15min time frame,we can see that it has been taking support from parallel channel since 02-09-2021. Breakdown of lower trendline of parallel channel will give down move and middle trendline is working as support and resistance in both the way. Breakout of middle trendline will give upmove till the upper trendline. And breakout of...
Extending wave (5) should easily travel above 18000 and is likely to continue toward 18480. Target 1: 18000 Target 2: 18142 Target 3: 18350 Target 4: 18480 Stay tuned for the next update.
The Zones and lines act like support and resistance
NSE:NIFTY This is Scenario-3 for NIFTY opening flat or minor gap down. Hope the details on the chart are self-explanatory. Any doubt, do comment.
NSE:NIFTY This is Scenario-2 for NIFTY for good gap up and turnaround in the global sentiment which is bullish at this moment. In this I have mentioned 2 trade setup on the bullish side with entry, target and SL for each. For 2nd Entry above 15750 it have 2 targets. If Bullish sentiment remains strong on the expiry day, then there can be chance to hit target...
NSE:NIFTY This is Scenario-1 for NIFTY for minor gap up and turnaround in the global sentiment which is bullish at this moment. In this I have mentioned 2 trade setup on the bullish side with entry, target and SL for each. Also if Bullish sentiment remains strong on the expiry day, then there can be an bonus trade of 50 points if we see quick short...
NSE:NIFTY This is Gap Down Scenario-3 for NIFTY . Level and Target are mentioned on Chart. Take Short (PE) First Entry in range of 15680-15685 Zone. Target and SL mentioned in the Chart. Take Short (PE) For the 2nd Entry, the range will be 15630. Target and SL mentioned in the Chart. Don't hold current week expiry. Book your profit immediately. For the safe...
NSE:NIFTY This is Gap Down Scenario-2 for NIFTY . Level and Target are mentioned on Chart. Take Short (PE) First Entry in range of 15680-15685 Zone. Target and SL mentioned in the Chart. Take Short (PE) For the 2nd Entry, the range will be 15640. Target and SL mentioned in the Chart. Don't hold current week expiry. And don't chase for big upside movement....
NSE:NIFTY This is Gap Down Scenario-1 for NIFTY . Level and Target are mentioned on Chart. Take Long (CE) First Entry in range of 15630-15635 Zone. Target and SL mentioned in the Chart. Tale long (CE) For the 2nd Entry, the range will be 15700-15710. Target and SL mentioned in the Chart. Don't hold current week expiry. And don't chase for big upside...
NSE:NIFTY This is Gap Down Scenario-5 for NIFTY . Level and Target are mentioned on Chart. Sell / Short Entry on firm breakdown of 15800 and Target will be 15740 - 15745. Keep Stop loss 15840. Be quick in booking profit. And it it sustain above 15740 level and shows the sign for reversal then take entry to go long. Buy / Long Entry above 15750 1st...
NSE:NIFTY This is Gap Down Scenario-4 for NIFTY . Level and Target are mentioned on Chart. Take First Entry in range of 15805-15815 Zone and Target will be 15740 - 15745. Keep Stop loss 15840. Be quick in booking profit. For the 2nd Entry, the range will be 15730-15735 and Target will be 15680-15685. Keep Stop loss 15750. Be quick in booking profit.
NSE:NIFTY This is Gap Down Scenario-1 for NIFTY. Level and Target is mentioned on Chart. Take Entry above 15850 and Target will be 15900 - 15940. Keep Stop loss 15800. Be quick in booking profit.
NSE:NIFTY Levels will be same as given earlier. Go Long only above 15880 Target -1 15940 Target- 2 16000 Go Short only below 15739.40 Target-1 15684.10 Target-2 15628.40 Scenario: 1) If Open with gap up above 15880 then go long but wait for initial 15-20 minutes. Book profit with 50-55 points only. Then wait for a clear sign for for uptrend. 2) If...
NSE:NIFTY Today Nifty closed above 21DMA and on daily time chart it took support from the trend line. 21DMA for Nifty is placed at 15761. Which is an import level. Below are the scenario to consider to trade nifty on 14-07-2021. 1) if it gap up above 15840 and hold the level then go long. Targets are mentioned in the chart. 2) if it opens sideways and then...
15793-15768 is an immediate support range for nifty. for detailed understanding watch video. All time frame analysis video link given below. Thanks.
Nifty Elliott wave analysis is explained in detailed with monthly chart to 5min chart. Thanks for watching