Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
The Nifty is making new highs on the weekly chart, but it seems momentum is being lost, since the RSI is not moving in the price direction. A Bearish divergence is visible on the charts. Further, there is a 220-point gap between 20510 and 20290. This region also coincides with 50 EMA. If Nifty breaks from its current support region of 21850–21530, it is likely to...
"Good morning, friends! Here are the directions for April 19th:
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 -350 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be open....
In the highly volatile session, the Indian indices ended lower
for the 4th straight session on Apr 18
Nifty closed below imp level of 22,000
The index may face resistance at the 22200/300 zone
Whereas support is placed near 21900/850 zone
*For Education Purpose
Practice and Learn price action setups
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Nifty facing trendline resistance at 22777. Next up move will come when it close above 22777, till stay short.
As per chart nifty showing weakness. It form evening star pattern on daily chart and also double top on 3-4 hrs. time frame.
On Monday nifty can short with stop loss 22810 on any level below 22610 for lower target 22430, 22310 soon.
As per channel...
🔴 Resistance - 22232 🔴
🚀 Target - 22282 - 22312 🚀
🟢 Support - 22179 🟢
🚀 Target - 22147 - 22105 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR...
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 18th:
Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction.
On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall.
In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades.
It trading below the 20 ema (daily) and may come to retest the...
Bank Nifty Index closed below around 48500 level after Gap Down Opening In last session
The index formed a spinning top pattern on the daily charts
Outside the Range of 47200 to 47800, momentum is expected
*For Education Purpose
Practice and Learn price action setups
T he Nifty ended lower for a third straight session on April 16, tracking weakness in global markets
After opening lower, the index came down to the day's low around of 22080
The level of 22,000 may act as a Important support, while on the higher side, 22,260/300 may act as Resistance
*For Education Purpose
Practice and Learn price action setups
Nifty Analysis - Stance Bearish⬇️
Recap from yesterday: "Ideally, we need one more red candle below 22295 for some bearish safety. 22051 is the next support level which could be taken out pretty easily if the shorts pick up momentum."
Nifty hits an intraday low of 22079 today and a decent recovery to end the day at 22177 (22147 weighted average close). Honestly,...
Diametric pattern – Understanding Nifty medium term pattern by applying the concept of Advanced Elliott wave – Neo wave theory to forecast the next trend.
As shown on daily chart, prices are forming a Diametric pattern. This pattern is recognised in Neo wave as a 7 legged correction labelled as a-b-c-c-d-e-f-g and can take a form of either Bow Tie structure or a...
NIFTY50 CMP - 22754
Although NIFTY50 is trading at its ATH & making new ATH everyday but NIFTY50 is looking lil tired.
Crude at $90, High bond yields, Bullion at ATH, Weak global sentiment & Weak US markets - nothing looks in favor of bulls.
It would be interesting to see if bulls keep on buying & take NIFTY50 to 23k or is it time to be cautious and book longs...
"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...
