Island Reversal,
A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.
Rsi divergence implies a change in relative strength as compared to price movement.
The price has come out of the regression channel.
Probably we are in the 4th wave, which means we have completed the top of the...
Above closing on that White line in any hourly could trigger price upwards 📈
(Sideways to bullish)
22343 -- 19th April
Support on 22343 could 📈 to 22714 -- 22789 within ( 26th April -- 2nd May )
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
"Good morning, friends! Here are the directions for April 16th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be...
Daily chart.
Detection of a double TOP, with height reporting.
The target would be the 50% Fibonacci.
Make up your mind before placing an order.
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looks like Nifty is trying to break the trendline above it. if nifty breaks the trendline, it may be a bullish movement. if it crosses below the 21900 level(support marked on the chart), a bearish movement is possible.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any...
Good morning, friends! Here are the directions for April 10th:
There have been no changes since the last session. The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point...
Looks like Nifty is making a double-bottom pattern. if it completes the pattern and crosses above 22250, it may go higher. If it breaks the support of 21850, it may go to the downside.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just...
Please find below simple resistance and support:
Resistance: 22440
If crossed up then will see upward move as follows:
T1: 22581
T2: 22669
Support: 22350
If crossed down then will see downward move as follows:
T1: 22229
T2: 22142
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO...
Good morning, friends! Here are the directions for March 4th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +70 point.
Nifty has a consolidation structure around the...
Please find below simple resistance and support:
Resistance: 22219
If crossed up then will see upward move as follows:
T1: 22266
T2: 22301
Support: 22134
If crossed down then will see downward move as follows:
T1: 22129
T2: 22094
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO...
In Nifty Daily time frame its takes a support from 21700 level and made a inside candle in last trading session, if we can see in RSI then its looks like a divergence in price pattern. As per RSI if Nifty will be bearish then it has to break the 21700 level and make a lower low which is the next support of 21500 level. and we can see 21000 level if its going as a...
Nifty50 Support And Resistance 9-Feb-24
Please find below simple resistance and support:
Resistance: 21764
If crossed up then will see upward move as follows:
T1: 21849
T2: 21915
Support: 21685
If crossed down then will see downward move as follows:
T1: 21586
T2: 21520
This is only for education purpose. Do your own research before investing or...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.”
4mts chart
The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave...
Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets.
One pattern that I...
Nifty 50 has been opening with a down gap from two consecutive sessions and today it opened in between Immediate support zone of 21456 - 21349.
Shorts might get covered here.. and we see some bounce from here.
