1. Yellow line act as support Since it is connecting with previous tops from where market got reversed 2. Exhaustion gap 3. Supply Level 4. Cup & Handle
A bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:GOCLCORP Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a...
Nifty on the daily charts has formed an inside candle and closed flat forming a doji candle. It consolidated in a narrow range of 60 points after the first hour candle. There were no movement in the index. On the hourly charts, nifty traded around the 20 ema and closed between both the moving averages. Markets are not giving any option buying opportunity in the...
Nifty important levels to watch are as follows #Support: 19733 Sell below:19733 only on 15 minute candle closure below the level. Target 1: 19680 Target 2: 19615 #Resistance: 19800 Buy Above: 19800 only on 15 minute candle closure Above the level. Target 1: 19850 Target 2: 19915 => # Remember each level will act as a support and resistance individually...
Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher. After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level. It is holding the higher levels but is still trading below the major resistance level of 19900. On the daily charts, there are gap up and...
strong support at 19700 strong resistance at 19850 As long as it is above 19700 everything is fine My view is neutral right now
macd divergence= check ✅ rsi divergence= check ✅ Broadening top pattern in the formation near support can take trade we might make new high like around 20500 last then drop for the bear of 2024
As suggested straddle was better option for Last 3 weeks Thorough Options data Calls side seems to be heavy, there is change calls side open intrest, it has shifted towards lower side. What is expected, 1. Restesting of support 2. Formation Lower Low 3. Remains sideways If you have niftybees it should hold upto 18600
Nifty Analysis Recap from yesterday: ”For tomorrow I wish to continue my bullish stance if 19776 support is respected. If that breaks in the morning session, I would like to change my stance to neutral. If 19671 level breaks in the forenoon session — I would definitely go short as we may fall below the double-top formation.” Yes, you guessed it right by reading...
Nifty important levels to watch are as follows #Support: 19780 Sell below: 19780 only on 15 minute candle closure below the level. Target 1: 19720 Target 2: 19640 #Resistance: 19840 Buy Above: 19840 only on 15 minute candle closure Above the level. Target 1: 19880 Target 2: 19940 => # Remember each level will act as a support and resistance individually...
"Good morning, friends! As of October 13th, global market sentiment is negative, as indicated by the Dow Jones. However, our market trend is moderately bullish. It may open with a significant gap down. After that, if it is rejected around the immediate support zone, we can expect a ranging market. On the other hand, if it breaks the immediate support zone, then...
Today's expiry played its role well and in the closing hours it gives a good indication for the intraday players. Technical Data: Momentum - Positive Heikin Ashi - Positive MA Bullish Cross - Positive Macd Histogram - Positive All these positive signs indicate a bounce for the intraday traders. Disclaimer: This is my pre market analysis and my trading journal....
Nifty Weekly Expiry Analysis Nifty went up 236pts ~ 1.21% between the last expiry and today. The major highlight was its capability to defend the support of 19446 and then breach the resistance of 19776. Today we even retested the support of 19776 and it held and may pave the way for further upmoves. Nifty Today Analysis Recap from yesterday: “We had a perfect...
What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15...
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NIFTY is currently getting rejected from the level that formed due to a confluence of 0.382 level of Fib and the center of the parallel channel. It will be interesting to monitor price action for few days to see if rejection continues or it breaks and goes above it.
"Good morning, friends! As of October 12th, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend is bullish. It may open with a gap-up. After that, if it breaks the previous day's high, we can expect sub-wave 5. It's a distribution wave, so the structure is important. If the breakout structure is solid, then we can...
Nifty Analysis Recap from yesterday: “On the hourly chart — India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far — but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847.” Nifty...