15 min chart breakout stop-loss - 8370 Target - 8490+
Bearish divergence is formed on Nifty 15 minute, if support breaks with shift in volatility, downside will begin. Go short when resistance break gets confirmed.
Greetings traders, This is a weekly update following our monthly, daily & probability analysis Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)! Now to the analysis, following our daily update, we mentioned that the NIFTY could...
The current upside is weak looking at the fact up trend line broke and price is experiencing throwback. Wait for good opportunity, avoid any entries before a confirmed move.
Support is waiting at 8180, can expect bounce from this level.
Right now Nifty is in between Support and Resistance line, at this stage we can expect little sideways movement. An upside or downside should only be considered on successful break of either support or resistance. Regards, Nrupen from TechFAnalysis.com www.udemy.com
Market opened with another shift in price, since all momentum indicators are oversold, this upside is not a strong upside and have high chances of failure, if you are holding a long position start trailing SL properly to protect your profits. Regards, Nrupen www.udemy.com
Honestly this upside was unexpected but it happened with shift in price volatility and upper resistance break. Keeping that in mind I think Nifty might hit minimum target of at least 8290-8300, but also keep in mind current upside is weak so make sure to maintain a good Trailing SL if you have already taken a buy position.
Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of...
At this point, the new upside is forming but with weakness in bullish MACD crossovers. There are very less chances that Nifty will breach the Resistance Line, even if it manages to breach it, it may fail to sustain new upside. New bullish entries are expected to be avoided. A sideways move or breach in Support can be expected.
Nifty has taken support at 7950-8030 range and formed big candle at this level and upside formed reversal candle but immediately formed buyer reversal. and taken control of nifty by buyer. so it can be go long up to 200ema at 8285. wish u happy trading
Nifty was very volatile last week & had closed @ 8086.80 last week. Nifty had tried to fulfill the gap down opening but had failed. Now for this week as per the chart setup nifty is looking weak , it can target its major support area which is @ 7950-7960 /7910-7920 level. On upside it will face a huge resistance at 8160-8170 level. Rest continues and...
Nifty as discussed in previous post here had fallen to 7915 and then bounced back to 8110 range. Now what is next?? Nifty had closed at strong resistance zone 8110-8125 , so if able to cross that then we can see the level till 8205-8215 but if fails to cross that level and fall from there then we can see a level of 7945-7960. Rest continues...
Nifty as discussed in previous post here that Nifty if break the strong support @ 8290 can fall to 8100-8110 level and nifty fallen to that range and after breaking that support fallen to 8048 levels in the week. Now what is next?? Nifty is at support @8060 levels, if it is broken than we can see a fall towards US election day low @ 8002 . As...
A very simpler Nifty trade setup from this current channel, if we get break from channel & 8k's broken 7940's is our next level, OR Markets some bullish momentum 8380's. Either way we will be around 8300's around expiry ( Just My speculation, don't trade based on these ) Once we did 180 seconds flat, Now just 60 seconds for couple of trendline(channel) & Support...
Well, I broke My vow bcos of the Nifty pattern formation. I wanted to share with you guys as it will help you whats in Nifty for today to get better understanding, so I broke My vow & posting back ! We have very simple descending triangle in Nifty and whichever side it breaks out is our entry direction. Usually this triangle breaks to downside but lets see what...
Nifty as discussed in previous post here that Nifty can take support at 8400-8410 and can bounce and that happened it bounced to 8550 level and on downside below our levels made low of 8002 in gap down opening on US election day. Now what is next?? As now Nifty is again at the big support @ 8290 and for this week this level can be the trigger from here...
It can be another movement day in all probabilities but calm after the storm quote will work ? Today's Nifty analysis as simple as reading ABCD. By the time I post pre-markets will be over, though I expect a Gap-Up open, I don't want that to screw up the 8550's level. Nifty may be in bouncy mood bcos of volatility, thanks to all the news event noises. Just 2...