Broader market view and Sectors for tomorrow. Broader market view is shared with sectors in focus for now
As the Nifty50 hovers around the crucial support level of 22,850, traders brace for potential market movements amid the backdrop of upcoming election dates. Here's a breakdown of the current scenario and potential outcomes:Support Level at 22,850:The 22,850 level serves as a pivotal support zone for the Nifty50.A break below this level could signal further...
Stock has given a breakout after a Flat correction and is rising in an impulsive manner. Stock is likely to extend the gains towards the upper end of the channel in the coming days and weeks ahead.
Accumulation phase has finished. Read the chart and study it how they Manipulate market after breaking out of range for the long time. After accumulation it always do fake BREAKOUT. Manipulation phase has started Currently hunting sell side liquidity People will be shorting it for 20k target but they will be rekt soon. When it start pump and cross above...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “If you look at the higher time frame, today’s price moves might be between 38.2 to 50% Fibonacci retracement levels and what might have formed could be a lower high.” 4mts chart Nifty was not able to sustain the gains yesterday, within the opening 15 minutes itself it breached the support level of 22051...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. If we look at the chart now: The market is trading at the support zone. Also, 22950 provided a nice bullish pullback twice today, which indicates 21950 to be a good support level for now. The market is trading in a Bearish Zone right...
NIFTY has completed Elliot D Wave of an Ending Diagonal pattern and broken the key support of 22058 and breached the long term crucial lower channel Trendline support. Every bounce will be an opportunity to exit Longs and initiate fresh shorts. Immediate support is placed at 21876. Sharp market declines often disregard key support levels like today. Next crucial...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn’t know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away.” 4mts chart The day did not go as planned, firstly the selling pressure...
Nifty has given a break down of the parallel channel and has closed below the 22k levels after a gap up opening. Even 20 ema, on the daily chart, is breached and closing is much below it. Today, not the index even the stock has given bearish move. There were chance of a retest but from the morning nifty was in a bearish mood. It can given another red candle as...
Nifty future form evening star pattern. Nifty next up move rally will come, when it close above 22600. There is major resistance 22490-544. As per chart, Nifty can short on any rise and stay short till target of 22250 and final target for down side would be 22022. There is angular trend line support at 22022 with previous GAP. The level 22022 would act at major...
A trend line support broken yesterday most probably price will retest, act as resistance and go down. 50 EMA is also on this level make it as strong resistance. if broken market will go till 22300. be careful, be watchful and enjoy the trading. I am not SEBI Registered Advisors. This Idea is purely for training and educational purposes. I shall not be...
Havells has given a fresh lifetime high breakout above all the previous resistances which have been present since 2021. The pattern looks very promising, do not miss this opportunity to invest in one of India's leading FMEG company. This is a positional trade, holding period will be around a year or more. Expect good returns as the sector, consumer products, has...
Dynamatic Technology is given breakout of inverse Head & Shoulder pattern. It may test 7800 target in 3-6 months as per chart analysis.
As per the data ,we can see a RSI divergence in NIFTY in daily time frame, and its not a small rally its may come down a big move like 1500points in nifty ,as we see today in market the small cap and midcap stocks are fall drastically. soo be caution for investing in stocks still election. all the upcoming downside we may see in nifty as per the given target in...
Observe this chart as IndiaBulls housing looking bullish from the mentioned demand zone. Observe these levels as we are providing these charts are only for educational purposes.
As we have discussed, NIFTY has been in the uptrending channel. It has been broken to the downside with huge volume power. If we look at the chart now: The market has broken the channel to the downside and is continuing its momentum to the downside. Whereas 21900 is a good support zone that might provide support. If it's broken, the next support point will...
NIFTY50 Update (1W TF) - 26th Feb, 2024 - The Price Action structure still looks intact for a further upmove - There will be a slight retracement to take support before the upmove - The lower trendline will act as a major support in case of a correction #nifty50 #indices
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