In this video idea i have explained the nature of nifty after completion of a correction and how it is behaving from 14151. And also included Bank Nifty analysis so kindly watch for detailed understanding. Thanks
Nifty consolidated before expiry today As per option chain, calls are written more than puts Support stands at 15000 whereas resistance is 15200 Gap may act as strong support and also if price tries to break today's high with good volume candle, then shorts may get trapped and short covering rally may be expected.
Major Resistance:15250 Major Support: 14900 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Major Resistance:15100 Major Support: 14900 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Did exactly what we’ve analysed !! Had been telling you guys not to short and look for long Also check the last analysis told you guys we can see a trending day of around 200-300 points move in NIFTY in single day and it did happen 🔥🔥 SPOT ON ANALYSIS ✅ Now trading at real crucial levels As you can see the chart tells you all, multiple rejections from the...
Forming an ascending triangle pattern !! Don’t short unless this ascending triangle is broken below and sustains if not broken we can see a trending move of over 200-300 points move in a single day ✅
This is Nifty 2hour chart. From 15431 its looks like complex correction is going on and its still not completed. As of now from 15044 last abc is going on and in which a and b is completed at 14416 and 14967 respectively and wave c started from 14967 may complete below 14151 to complete triple zigzag correction started from 15431. Have a Profitable trading..
Major Resistance:14750 Major Support: 14600 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leaderfty
In a perfect ASCENDING TRIANGLE PATTERN which is a bullish continuation pattern ✅ Strictly Don’t short or create any short position unless NIFTY sustains below 14600 Currently trading in very crucial levels which is 14700 level which is also a psychological level and it has also been a NECKLINE of the W pattern it broke out from and this level is tested...
Nifty showing negative short term trend Below 14650, it may give targets of double top 14451 Above 14781, it may start a short term uptrend
We are in a channel pattern from a long time so sell on top buy on low with simple trend lines do not complicate things in trading, Price Action is the Old Legend and Market Respects the Legend more than anything. On Friday wait for breakout and retest and then only initiate your trades as market may give fakeouts so its better to confirm it with a good...
After huge gapdown Nifty is consolidating! We may expect some movements in second half Major Resistance:14900 Major Support: 14750 Trade with Stoploss! Only for Information & Educational Purpose Regards, TradeLeader
Nifty Elliott wave analysis for 11May 2021
Nifty Showing Bearish Divergence with RSI and Stochastic. May be there would be a correction and take support at 14860 and if we see a Breakout above 14950 with volume and/or gap-up then upside till 15050
Major Resistance:15050 Major Support: 14800 Trade with Stoploss! Only for Information & Educational Purpose Regards, TradeLeader
In 2hour chart of nifty from 15431 it seems triple zigzag correction is running and final abc decline is pending from 15044. from 15044 to 14416 wave A is completed and from 14416 wave B is started. After completion of wave B, we can expect wave C decline below 14151. For detail understanding kindly watch full video. Thanks for watching
Nifty closed above the Bearish candle's high ( and that Bullish harami pattern ) confirming bullish reversal. Target 1 which was set yesterday achieved. If Nifty stays above the current level, target 2 : 14800 can be achieved easily Call writers moved to 15000 safe level too. Contrarion View : If Nifty reverses from this level, then major support is seen at...
Nifty formed a bullish hammer ( also showing bullish harami pattern ) at 50 EMA in Daily TimeFrame which can be a reversal sign. Hrly Time Frame shows W pattern, again a reversal sign. Considering expiry day tomorrow, it might show some volatality in the morning hour / a slow upside and then reach 14700/14800 level. Though resistances need to be watched as we...