NIFTY TRADE SETUP
-SGX IS SHOWING A FLAT TO POSITIVE START
-NIFTY INDEX HAS CLOSED THE GAP BETWEEN 11022-11135
-ONCE GAP COVERS AND MARKET WILL SHOW STRENGTH
-NEXT TARGETS ARE 11240-11342
-A CLOSE ABOVE 11380 WILL SEE INDEX MOVE TOWARDS 10530-11600
-CRUCIAL SUPPORT IS NOW PLACED AT 11125
-CRUCIAL RESISTANCE IS PLACED AT 11240
-"BUY ON DIPS" WAS RECOMMENDED...
-SGX NIFTY IS SHOWING A MINOR UPTICK
-YESTERDAY NIFTY FOR THE FIRST TIME SHOWED SIGNS OF EXHAUSTION ON THE UPSIDCE
-WE ARE BACK INSIDE THE RISING WEDGE PATTERN
-BUT STILL WHAT WE HAVE ON NIFT IS A RANGEBOUND MOVEMENT FROM 10690-10830
-YESTERADY WE TESTED THE LOWER BOUND WENT BELOW AND CAME BACK
-THIS PRICE ACTION IS VISIBLE ON 30-MIN CHART
-LIKE DISCUSSED...
Trend-base fib retracement major and minor EWT R 10844 for wave 5th.
=> 4W should not overlapped 1W: intentionally ignored from past research. More detail:
-----------------------------------------------------------------
timeCycle, fall expected date 8th/9th July 2020. As per PRICE ACTION, gap up can be seen and then a reversal.
History is going to repeat...
Support of the day - 20750
Resistance of the day - 21310
Trading always has to be handled with realistic Analytics and based on our research we are providing levels.
Other details will be soon sent out.
We stress working on a stress free trading experience for trades to make happy. More analysis will follow soon.
It looks like complex correction is in process(Triple Zigzag to be precise). So the view is bullish for short term.
Also there is a breakout of bearish channel and the Target for the same turns out to be 9600 and 9850, ideal stoploss for the setup can be below 8800.
Nearest Support levels: 9000-8800
Nearest Resistance levels: 9600-9850
A Potential H&S Pattern is forming on 60 Min NIFTY50
Expect the long and short rides as the Right Shoulder is formed.
S&P500 is also exhibiting a similar pattern on the 60min chart.
nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.
There's more chance to get a fall on nifty.
As per the time cycle nearby date 20 April, we may see nifty 8800 below.
Hello,
As I have mentioned in my weekly analysys, I am not bullish in NIfty.
Major Supply Zone @ 12085-12115 and Major Demand Zone @ 11950-11975
On Monday if it will sustain below 12085 then I will go short for the target of next demand zone.
Trade Well
ghstocktrading.webnode
BANK NIFTY: WEEK-TECH-SHEET->17th June 2019 to 21st June 2019
Bank nifty moves around -603.85 pips from 17th June 2019 to 21st June 2019, in which bank nifty break last week 10th June 2019 to 14th June 2019 bottom 30508.95.
The latest correction (in last week of April & first week of May) has got some significance from a pure technical analysis perspective. Weekly chart is being considered for analysis.
OBSERVATION 1: For the third time if not more, we could see Nifty appears to have peculiar price action on its second attempt to break life time high. Each time in the previous two...
The first link is of Nifty daily chart where Nifty is close to two zones namely zone -1 & zone - 2, from where an impulse action has the possibility to hit the first competitive target of 9792.05 . Many are saying that there might be a support at around price range of zone -1, which according to the daily chart it is showing that it is a supply becoming demand...
At the current level of the nifty, it is under pressure. As I have mentioned before if this level soon is not broken it will likely consolidate before giving us new highs. I will highly recommended to go long if only this level is broken, till then have patients.
In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point.
In Nifty, a week before we had more than 300 points in 10 days just by patterns but that...
