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Niftytrendanalysis

#Nifty directions and levels for March 4thGood morning, friends! Here are the directions for March 4th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +70 point. Nifty has a consolidation structure around the supply zone, so it might be in subwave 4th. If the market breaks the supply zone, then we can expect the 5th impulse wave. The 5th wave is a distribution wave, so my assumption is it might be forming an ending diagonal pattern. If it forms and rejects around 22537, then we can expect a correction of at least 23 to 38%. However, if the rally has a solid bullish structure, the rally will likely continue when it breaks the level of 22537. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, meaning the 4th wave may continue further. However, if it breaks the fib level of 38% structurally, it may turn into a correction phase in the upcoming days.
NSE:NIFTY
by Manickamtraders
NIFTY : The tentative stage of a market melt-up stage in PROB#2NIFTY Projection Case Study: Probability #2 Target Levels & Tentative Timings are marked in chart In order to navigate the current market uncertainties effectively, it is crucial to grasp the specific stage of the market melt-up. Recognizing whether the market is in the early uptrend, an acceleration phase, or exhibiting signs of overbought conditions provides valuable insights for strategic decision-making. Acknowledging the risks associated with melt-ups, such as overvaluation and herding behavior, enables us to implement sound risk management practices. Similarly, being attuned to the potential dangers of a market melt-down, including fast declines and panic selling, empowers us to make informed decisions in this dynamic and ever-changing market environment. A market melt-up typically occurs during the late stages of a bull market when investors rush to buy stocks, driving prices sharply higher. It is characterized by a sudden and intense upward momentum fueled by FOMO (fear of missing out). Melt-ups often precede market corrections or downturns, so caution is advised when witnessing extreme bullish behavior. The exact timing of a market melt-up in NIFTY happened between 2003 to 2008. The rapid and excessive increase in asset prices driven by speculative buying and fear of missing out resulted in the 2008 financial crisis was marked by a severe downturn, triggered primarily by the collapse of the subprime mortgage market in the United States. The duration of a melt-up can vary, and there is no fixed timeline for how long it lasts. Melt-ups are characterized by a rapid and intense upward movement in prices, often driven by speculative and fear-of-missing-out (FOMO) behavior among investors. The duration can be influenced by various technical factors, including market conditions, economic indicators, and global events. In some cases, a melt-up can be relatively short-lived, with prices soaring over a few weeks or months before experiencing a correction. However, in other instances, a melt-up might extend for a more prolonged period if the speculative frenzy and optimistic sentiment persist even for several months or even years. It's important to note that while melt-ups can result in significant gains, they often precede market corrections or downturns. Investors & traders should exercise caution and be aware of the potential risks associated with the unsustainable nature of extreme upward movements in asset prices. Monitoring market conditions using potential technical indicators and navigating using geometric analysis can help traders & investors make well-informed decisions during such periods. In technical analysis, a melt-up is often characterized by rapid and aggressive upward price movements. Here are some technical indicators and patterns that might be associated with a typical melt-up: Sharp Price Spikes: Look for sudden and substantial increases in the price of the asset, often accompanied by high trading volumes. This indicates strong buying interest. Breakouts and Gaps: Melt-ups may involve breakouts above key resistance levels and price gaps as buyers enthusiastically enter the market, pushing prices higher without waiting for traditional technical levels. Overbought Conditions: Indicators and oscillators to identify overbought conditions. Extremely high values can indicate that the market is overextended and vice versa. Parabolic Moves: A parabolic price pattern, where the price accelerates upward in a steep curve, is often associated with a melt-up. This can be identified on a price chart. FOMO Behavior: Market sentiment plays a crucial role in a melt-up. Watch for signs of Fear of Missing Out (FOMO) behavior among investors, which can contribute to an unsustainable rally. Low Volatility Pullbacks: During a melt-up, pullbacks might be short-lived and characterized by low volatility. Buyers may quickly step in to take advantage of any dips. It's important to note that while these indicators may suggest a melt-up, market dynamics can change, and there's always a level of unpredictability. Risk management and staying informed about broader market conditions are crucial when navigating such extreme scenarios. Melt-Up Factors observed in Technical Analysis: Strong Momentum Indicators: Bullish momentum, as indicated by rising indicators & oscillators having positive readings, can attract more buyers, fueling a melt-up. Breakout Patterns: Identification of bullish chart patterns like breakouts or continuation patterns may signal a strong upward move and contribute to a melt-up scenario. Volume Surge: High trading volumes accompanying the uptrend suggest increased participation and confidence among investors, reinforcing the melt-up trend. Supportive Trendlines: Upward-sloping trendlines provide a visual representation of the bullish trend, and their support can encourage further buying interest. Liquidity Influx: Positive market sentiment and an influx of liquidity, possibly driven by accommodative monetary policies, can contribute to a melt-up by facilitating higher valuations. Optimistic Market Psychology: Positive news, economic indicators, or corporate earnings can create a bullish psychological environment, encouraging traders to adopt a buy-and-hold mentality. Melt-Down Factors observed in Technical Analysis: Divergence in Momentum Indicators: Negative divergences in momentum indicators & oscillators can signal weakening upward momentum, potentially indicating an impending melt-down. Bearish Reversal Patterns: Recognition of bearish chart patterns, such as head and shoulders or double tops, can suggest a potential reversal in the trend, leading to a melt-down. Increasing Selling Volumes: A surge in selling volumes during a downtrend reflects strong selling pressure, exacerbating the downward movement and contributing to a melt-down. Violation of Support Levels: Breaking below key support levels or trendlines may trigger stop-loss orders and further selling, accelerating the melt-down process. Market Sentiment Shifts: Negative news, economic downturns, or geopolitical uncertainties can shift market sentiment, prompting investors to exit positions and contribute to a melt-down. Liquidity Drying Up: Reduced liquidity in the market, possibly due to risk aversion or tightening monetary policies, can exacerbate price declines during a melt-down. Analyzing these technical factors provides insights into the dynamics of market movements, helping traders and investors navigate both bullish and bearish scenarios. Stages of Melt-Up Using Technical Analysis: Early Uptrend Recognition: Identification of the initial signs of a bullish trend through technical indicators like moving averages, positive momentum, and breakout patterns. Acceleration Phase: Confirmation of the uptrend with strong momentum indicators, increasing trading volumes, and the development of bullish chart patterns, leading to an acceleration of price gains. Overbought Conditions: Recognition of overbought conditions using indicators, suggesting that the market may be reaching an unsustainable level of buying activity. FOMO and Speculative Buying: Increased speculation and FOMO behavior among investors, as indicated by rapid price increases, a surge in retail trading activity, and a shift towards riskier assets. Parabolic Price Movement: Observation of parabolic price movement, characterized by steep and unsustainable upward curves on charts, signaling an intensified phase of the melt-up. Market Exuberance: High levels of market exuberance and positive sentiment, possibly fueled by media coverage and optimistic economic outlooks, contributing to a euphoric atmosphere. Stages of Melt-Down Using Technical Analysis: Early Signs of Weakness: Identification of initial signs of weakness in the uptrend, including negative divergences in momentum indicators, bearish reversal patterns, or a failure to sustain higher highs. Loss of Key Support: Breaking below key support levels or trendlines, triggering concerns among technical analysts about a potential shift in the trend. Increased Selling Pressure: Surge in selling volumes accompanied by downward price movements, signaling increased selling pressure and a potential acceleration of the melt-down. Bearish Chart Patterns Confirmation: Confirmation of bearish chart patterns, such as head and shoulders or double tops, supporting the case for a sustained downtrend. Fear and Panic Selling: Elevated fear and panic selling as investors rush to exit positions, exacerbating the downward pressure on prices. Breakdown of Critical Levels: Breaking through critical support levels, possibly triggering algorithmic trading strategies and stop-loss orders, intensifying the melt-down. Understanding these stages using technical analysis can help traders and investors make informed decisions and implement risk management strategies during both melt-up and melt-down scenarios. Risk and Dangers of a Market Melt-Up: Overvaluation: Melt-ups can lead to overvaluation, where asset prices detach from underlying fundamentals. This poses a risk of substantial losses when the market corrects. Herding Behavior: Investors may engage in herding behavior during a melt-up, following the crowd without considering fundamentals, increasing the risk of a sharp reversal. Sudden Corrections: Melt-ups are often followed by sudden corrections or market downturns. Investors entering late in the rally may face significant losses if they don't exit positions in time. Excessive Risk-Taking: The euphoria of a melt-up can lead to excessive risk-taking and leveraged positions, increasing vulnerability to market volatility. Risk and Dangers of a Market Melt-Down: Fast and Sharp Declines: Melt-downs are characterized by fast and sharp declines in prices, catching investors off guard and resulting in substantial portfolio losses. Panic Selling: Fear and panic selling during a melt-down can exacerbate the decline, causing a cascading effect as more investors rush to liquidate positions. Liquidity Issues: Melt-downs may lead to liquidity issues, making it challenging for investors to exit positions at desired prices, amplifying losses. Financial System Stress: Severe market downturns can stress the financial system, potentially leading to disruptions in banking and other financial institutions. Economic Impact: Market melt-downs can have broader economic consequences, affecting consumer confidence, business investments, and overall economic stability. A market melt-up poses risks as it can lead to overvaluation, herding behavior, and sudden corrections. Investors might be drawn into a euphoric buying frenzy, neglecting underlying fundamentals and taking excessive risks. The danger lies in the potential for significant losses when the market corrects, catching latecomers off guard. Conversely, a market melt-down carries the risk of fast and sharp declines, triggering panic selling and liquidity issues. The rapid deterioration can stress the financial system, impacting not just investors but also having broader economic consequences. Both scenarios require vigilant risk management, strategic decision-making, and adaptability to navigate the inherent dangers associated with extreme market movements. Using Technical Analysis to Mitigate Risks: Risk Management: Set clear risk management strategies, including stop-loss orders and position sizing, to protect against significant losses. Diversification: Diversify your portfolio across different asset classes to spread risk and reduce the impact of a severe market event. Stay Informed: Regularly monitor technical indicators, trend reversals, and market sentiment to stay informed about potential shifts in market conditions. Avoid Chasing Trends: Avoid chasing trends during melt-ups and practice disciplined investing to mitigate the risk of entering the market at unsustainable levels. Adaptability: Be adaptable and ready to adjust your investment strategy based on changing technical signals and market dynamics. While technical analysis can provide valuable insights, it's essential to combine it with a holistic approach to risk management and a thorough understanding of market dynamics to navigate the challenges associated with both melt-ups and melt-downs. Disclaimer: The information provided in the technical analysis charts published on this TradingView account is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading strategies. Trading and investing in financial markets involve risk, and past performance is not indicative of future results. The charts and analysis presented here may not guarantee accuracy or completeness, and users are encouraged to conduct their own research and seek professional advice before making any investment decisions. The author of these charts is not responsible for any losses, damages, or other liabilities arising from the use of the information presented. Users should be aware of the inherent risks associated with trading and carefully consider their financial situation and risk tolerance before engaging in any trading activities. By accessing and using the information provided in these charts, users acknowledge and agree to the terms of this disclaimer.
NSE:NIFTYLong
by madhusudhan_arjun
NIFTY : The tentative stage of a market melt-up stage in PROB#1NIFTY Projection Case Study: Probability #1 Target Levels & Tentative Timings are marked in chart In order to navigate the current market uncertainties effectively, it is crucial to grasp the specific stage of the market melt-up. Recognizing whether the market is in the early uptrend, an acceleration phase, or exhibiting signs of overbought conditions provides valuable insights for strategic decision-making. Acknowledging the risks associated with melt-ups, such as overvaluation and herding behavior, enables us to implement sound risk management practices. Similarly, being attuned to the potential dangers of a market melt-down, including fast declines and panic selling, empowers us to make informed decisions in this dynamic and ever-changing market environment. A market melt-up typically occurs during the late stages of a bull market when investors rush to buy stocks, driving prices sharply higher. It is characterized by a sudden and intense upward momentum fueled by FOMO (fear of missing out). Melt-ups often precede market corrections or downturns, so caution is advised when witnessing extreme bullish behavior. The exact timing of a market melt-up in NIFTY happened between 2003 to 2008. The rapid and excessive increase in asset prices driven by speculative buying and fear of missing out resulted in the 2008 financial crisis was marked by a severe downturn, triggered primarily by the collapse of the subprime mortgage market in the United States. The duration of a melt-up can vary, and there is no fixed timeline for how long it lasts. Melt-ups are characterized by a rapid and intense upward movement in prices, often driven by speculative and fear-of-missing-out (FOMO) behavior among investors. The duration can be influenced by various technical factors, including market conditions, economic indicators, and global events. In some cases, a melt-up can be relatively short-lived, with prices soaring over a few weeks or months before experiencing a correction. However, in other instances, a melt-up might extend for a more prolonged period if the speculative frenzy and optimistic sentiment persist even for several months or even years. It's important to note that while melt-ups can result in significant gains, they often precede market corrections or downturns. Investors & traders should exercise caution and be aware of the potential risks associated with the unsustainable nature of extreme upward movements in asset prices. Monitoring market conditions using potential technical indicators and navigating using geometric analysis can help traders & investors make well-informed decisions during such periods. In technical analysis, a melt-up is often characterized by rapid and aggressive upward price movements. Here are some technical indicators and patterns that might be associated with a typical melt-up: Sharp Price Spikes: Look for sudden and substantial increases in the price of the asset, often accompanied by high trading volumes. This indicates strong buying interest. Breakouts and Gaps: Melt-ups may involve breakouts above key resistance levels and price gaps as buyers enthusiastically enter the market, pushing prices higher without waiting for traditional technical levels. Overbought Conditions: Indicators and oscillators to identify overbought conditions. Extremely high values can indicate that the market is overextended and vice versa. Parabolic Moves: A parabolic price pattern, where the price accelerates upward in a steep curve, is often associated with a melt-up. This can be identified on a price chart. FOMO Behavior: Market sentiment plays a crucial role in a melt-up. Watch for signs of Fear of Missing Out (FOMO) behavior among investors, which can contribute to an unsustainable rally. Low Volatility Pullbacks: During a melt-up, pullbacks might be short-lived and characterized by low volatility. Buyers may quickly step in to take advantage of any dips. It's important to note that while these indicators may suggest a melt-up, market dynamics can change, and there's always a level of unpredictability. Risk management and staying informed about broader market conditions are crucial when navigating such extreme scenarios. Melt-Up Factors observed in Technical Analysis: Strong Momentum Indicators: Bullish momentum, as indicated by rising indicators & oscillators having positive readings, can attract more buyers, fueling a melt-up. Breakout Patterns: Identification of bullish chart patterns like breakouts or continuation patterns may signal a strong upward move and contribute to a melt-up scenario. Volume Surge: High trading volumes accompanying the uptrend suggest increased participation and confidence among investors, reinforcing the melt-up trend. Supportive Trendlines: Upward-sloping trendlines provide a visual representation of the bullish trend, and their support can encourage further buying interest. Liquidity Influx: Positive market sentiment and an influx of liquidity, possibly driven by accommodative monetary policies, can contribute to a melt-up by facilitating higher valuations. Optimistic Market Psychology: Positive news, economic indicators, or corporate earnings can create a bullish psychological environment, encouraging traders to adopt a buy-and-hold mentality. Melt-Down Factors observed in Technical Analysis: Divergence in Momentum Indicators: Negative divergences in momentum indicators & oscillators can signal weakening upward momentum, potentially indicating an impending melt-down. Bearish Reversal Patterns: Recognition of bearish chart patterns, such as head and shoulders or double tops, can suggest a potential reversal in the trend, leading to a melt-down. Increasing Selling Volumes: A surge in selling volumes during a downtrend reflects strong selling pressure, exacerbating the downward movement and contributing to a melt-down. Violation of Support Levels: Breaking below key support levels or trendlines may trigger stop-loss orders and further selling, accelerating the melt-down process. Market Sentiment Shifts: Negative news, economic downturns, or geopolitical uncertainties can shift market sentiment, prompting investors to exit positions and contribute to a melt-down. Liquidity Drying Up: Reduced liquidity in the market, possibly due to risk aversion or tightening monetary policies, can exacerbate price declines during a melt-down. Analyzing these technical factors provides insights into the dynamics of market movements, helping traders and investors navigate both bullish and bearish scenarios. Stages of Melt-Up Using Technical Analysis: Early Uptrend Recognition: Identification of the initial signs of a bullish trend through technical indicators like moving averages, positive momentum, and breakout patterns. Acceleration Phase: Confirmation of the uptrend with strong momentum indicators, increasing trading volumes, and the development of bullish chart patterns, leading to an acceleration of price gains. Overbought Conditions: Recognition of overbought conditions using indicators, suggesting that the market may be reaching an unsustainable level of buying activity. FOMO and Speculative Buying: Increased speculation and FOMO behavior among investors, as indicated by rapid price increases, a surge in retail trading activity, and a shift towards riskier assets. Parabolic Price Movement: Observation of parabolic price movement, characterized by steep and unsustainable upward curves on charts, signaling an intensified phase of the melt-up. Market Exuberance: High levels of market exuberance and positive sentiment, possibly fueled by media coverage and optimistic economic outlooks, contributing to a euphoric atmosphere. Stages of Melt-Down Using Technical Analysis: Early Signs of Weakness: Identification of initial signs of weakness in the uptrend, including negative divergences in momentum indicators, bearish reversal patterns, or a failure to sustain higher highs. Loss of Key Support: Breaking below key support levels or trendlines, triggering concerns among technical analysts about a potential shift in the trend. Increased Selling Pressure: Surge in selling volumes accompanied by downward price movements, signaling increased selling pressure and a potential acceleration of the melt-down. Bearish Chart Patterns Confirmation: Confirmation of bearish chart patterns, such as head and shoulders or double tops, supporting the case for a sustained downtrend. Fear and Panic Selling: Elevated fear and panic selling as investors rush to exit positions, exacerbating the downward pressure on prices. Breakdown of Critical Levels: Breaking through critical support levels, possibly triggering algorithmic trading strategies and stop-loss orders, intensifying the melt-down. Understanding these stages using technical analysis can help traders and investors make informed decisions and implement risk management strategies during both melt-up and melt-down scenarios. Risk and Dangers of a Market Melt-Up: Overvaluation: Melt-ups can lead to overvaluation, where asset prices detach from underlying fundamentals. This poses a risk of substantial losses when the market corrects. Herding Behavior: Investors may engage in herding behavior during a melt-up, following the crowd without considering fundamentals, increasing the risk of a sharp reversal. Sudden Corrections: Melt-ups are often followed by sudden corrections or market downturns. Investors entering late in the rally may face significant losses if they don't exit positions in time. Excessive Risk-Taking: The euphoria of a melt-up can lead to excessive risk-taking and leveraged positions, increasing vulnerability to market volatility. Risk and Dangers of a Market Melt-Down: Fast and Sharp Declines: Melt-downs are characterized by fast and sharp declines in prices, catching investors off guard and resulting in substantial portfolio losses. Panic Selling: Fear and panic selling during a melt-down can exacerbate the decline, causing a cascading effect as more investors rush to liquidate positions. Liquidity Issues: Melt-downs may lead to liquidity issues, making it challenging for investors to exit positions at desired prices, amplifying losses. Financial System Stress: Severe market downturns can stress the financial system, potentially leading to disruptions in banking and other financial institutions. Economic Impact: Market melt-downs can have broader economic consequences, affecting consumer confidence, business investments, and overall economic stability. A market melt-up poses risks as it can lead to overvaluation, herding behavior, and sudden corrections. Investors might be drawn into a euphoric buying frenzy, neglecting underlying fundamentals and taking excessive risks. The danger lies in the potential for significant losses when the market corrects, catching latecomers off guard. Conversely, a market melt-down carries the risk of fast and sharp declines, triggering panic selling and liquidity issues. The rapid deterioration can stress the financial system, impacting not just investors but also having broader economic consequences. Both scenarios require vigilant risk management, strategic decision-making, and adaptability to navigate the inherent dangers associated with extreme market movements. Using Technical Analysis to Mitigate Risks: Risk Management: Set clear risk management strategies, including stop-loss orders and position sizing, to protect against significant losses. Diversification: Diversify your portfolio across different asset classes to spread risk and reduce the impact of a severe market event. Stay Informed: Regularly monitor technical indicators, trend reversals, and market sentiment to stay informed about potential shifts in market conditions. Avoid Chasing Trends: Avoid chasing trends during melt-ups and practice disciplined investing to mitigate the risk of entering the market at unsustainable levels. Adaptability: Be adaptable and ready to adjust your investment strategy based on changing technical signals and market dynamics. While technical analysis can provide valuable insights, it's essential to combine it with a holistic approach to risk management and a thorough understanding of market dynamics to navigate the challenges associated with both melt-ups and melt-downs. Disclaimer: The information provided in the technical analysis charts published on this TradingView account is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading strategies. Trading and investing in financial markets involve risk, and past performance is not indicative of future results. The charts and analysis presented here may not guarantee accuracy or completeness, and users are encouraged to conduct their own research and seek professional advice before making any investment decisions. The author of these charts is not responsible for any losses, damages, or other liabilities arising from the use of the information presented. Users should be aware of the inherent risks associated with trading and carefully consider their financial situation and risk tolerance before engaging in any trading activities. By accessing and using the information provided in these charts, users acknowledge and agree to the terms of this disclaimer.
NSE:NIFTYLong
by madhusudhan_arjun
#Nifty directions and levels for FEB 29th"Good morning, friends! Here are the directions for February 29th: The global market is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty fell drastically in the last session; however, the Gift Nifty indicates a positive start. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a little bit of correction in the first half. After that, if it finds support around the demand zone, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks the demand zone, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 28"Good morning, friends! Here are the directions for February 28th: there have been no changes in the market sentiment. The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +20 point. Nifty closed positively in the last trading session. However, the structure remains in a range market. So today, we will also follow the same sentiment. If the gap-up sustains and breaks the immediate resistance, then we can expect further continuation. However, if it rejects around the immediate resistance or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the fib level 78% aggressively."
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 27thGood morning, friends! Here are the directions for February 27th: The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +25 point. Nifty has undergone consolidation in the last session. The structure is still bullish, so if the gap-up sustains, then today we can also expect a range market. If it breaks the previous high, then only it will go further; otherwise, it will close near where it opened. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the Fibonacci level 78% (21966). After that, if it finds support there, then we can expect a minor pullback. However, if it also breaks that level, then the correction will likely continue
NSE:NIFTY
by Manickamtraders
Glenmark Life Sci - nice long setupA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GLS 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 Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- possible Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:GLSLong
by raigvivek
Nifty50 Support And Resistance 27-Feb-24Please find below simple resistance and support: Resistance: 22166 If crossed up then will see upward move as follows: T1: 22178 T2: 22207 Support: 22084 If crossed down then will see downward move as follows: T1: 22065 T2: 22037 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
#Nifty directions and levels for FEB 26th"Good morning, friends! Here are the directions for February 26th: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -20 point decrease. Nifty has a consolidation structure followed by a sharp rally, structurally this is a bullish formation. So, even though if the market opens with a gap-down, we can expect a pullback around 38 or 50%. If the market finds support there, then we can expect a range market initially. After that, if the range market breaks to the upside, then we can expect the rally continuation. Alternatively, if the gap-down breaks the fib level 50% or consolidates around there, then the correction might continue, and it will reach the next target fib level 78% with minor pullbacks.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 23Good morning, friends! Here are the directions for February 23rd: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +40 point increase. Nifty had a solid pullback in the last session. So, if it sustains the gap-up, then structurally, we can expect further continuation. This is the basic structure. If the market consolidates around the supply zone, it may continue further when it breaks. Alternatively, if it rejects sharply around the supply zone, or if the gap-up doesn't sustain, then initially, we can expect a 23 to 38% Fibonacci correction. After that, if it finds support there, it may form a range for a rally continuation. However, if it breaks the Fibonacci level of 38%, then the correction may continue, and we can expect the Fibonacci level of 78% for the correction target with minor pullbacks.
NSE:NIFTY
by Manickamtraders
#nifty directions and level for FEB 22"Good morning, friends! Here are the directions for February 22nd: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +90 point increase. Nifty had fallen sharply in the last session; however, Giftnifty indicates a 90-point positive start. This sentiment suggests a ranging market. So, if the gap-up sustains, we can expect a ranging market initially. After that, if it breaks the previous high, then we can anticipate a continuation of the rally. This is the basic structure. Alternatively, if the gap-up doesn't sustain, then we can expect a minor correction. After that, if it finds support around 21920 to 50%, we can expect a minimum of a 23 to 38% pullback wave. However, if it consolidates or breaks that level solidly, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 20Good morning, friends! Here are the directions for February 20th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty, showing a -30 point decrease. Nifty has reached a new all-time high, so we can expect further pullback only if it breaks the previous high. If it does, we can fix our target at the next extension levels. However, today, Giftnifty indicates a negative open. If the market opens with a gap-down, we can expect the 38% level to be a strong support. If it rejects there, we can anticipate a range market or a rally continuation. Alternatively, if it consolidates or breaks the fib level of 38%, then the correction might continue.
NSE:NIFTY
by Manickamtraders
#Nifty direction and levels for FEB 19th"Good morning, friends! Here are the directions for February 19th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty, showing +30 points. The Nifty last session closed positively with minor consolidation. Sentimentally, this is positive, and the probability of movement also indicates consolidation. My personal opinion is also that, here movement will occur only if it breaks the supply zone effectively. If it happens, then we can expect further rally continuation. On the downside, also the same consolidation; if the rejection has a solid structure, then only we can expect a 23% to 38% correction.
NSE:NIFTY
by Manickamtraders
Weekly Long Setup in Alembic LtdA bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:ALEMBICLTD 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 Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- possible Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:ALEMBICLTDLong
by raigvivek
#Nifty directions and levels for FEB 15thGood morning, friends! Here are the directions for February 15th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing +80 points. Nifty had a fantastic rally in the last session, so structurally it will continue further. Even though it may face rejection around the immediate resistance, if it does, we can expect a maximum 23 to 38% Fibonacci correction. After that correction, if it finds support around 38%, then we can expect a range market to pullback continuation. This sentiment is also applicable for initial market rejection. Alternatively, we can expect a correction only if it breaks the Fibonacci level 50%, because if it corrects, it might be in the 4th wave, which is a consolidation wave with a maximum correction level of 50%. Therefore, we mention that the correction will occur only if it breaks the Fibonacci level 50%.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 14"Good morning, friends! Here are the directions for February 14th: The global market sentiment is bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -190 points. Nifty had a solid pullback in the last session, but today Giftnifty indicates a negative 190 points, so I don't know exactly where it will open. In my personal opinion, if it finds support around the 61% followed by the gap-down, we can consider this as the 5th wave of the diagonal. It's the final wave of the correction structure, so we can expect a further pullback followed by rejection. However, if it consolidates or breaks this level, then the correction might continue. Alternatively, if it doesn't break the immediate support level of 21605, then it might consolidate for a rally continuation."
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 9.Good morning, friends! Here are the directions for February 9th: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -25. Nifty had a sharp correction in the last session. So, if the market breaks or consolidates around the Fibonacci level of 50%, then we can expect the correction to continue. However, my personal opinion is that if the market opens with a gap-down, it may form a diagonal pattern. It's a distribution wave, so it might move with less volume. Once the market finds support around 50%, then we can expect a minimum of a 23% to 38% pullback wave. Alternatively, if the initial market takes a sharp pullback, then it might consolidate between yesterday's low and the Fibonacci level of 38%. We can expect further pullback only if it breaks the 38% level.
NSE:NIFTY
by Manickamtraders
Nifty Bouncing between daily order blocksNifty is bouncing between the two daily order blocks marked by the blue color. Intraday we found support at the hourly order block to push prices back up to the order block where we saw instant rejection. I am looking for prices to disrespect one of the two order blocks to see where prices will be heading. As for tomorrow, if we open up, we might again see prices fall down, even to the discount order block at 21780.65. If we open flat or gap down, we might see a fall and then a rise to take the all-time high as well. As of now, I don't see a clear bullish or bearish argument, so I'll take trades based on where the market opens tomorrow.
NSE:NIFTY
by Ripul012
#Nifty directions and levels for FEB 7."Good morning, friends! Here are the directions for February 7th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing a +110. Nifty has a pullback structure as expected from the last session. So, there are no changes in the direction. If the market breaks the immediate resistance (22041), it may continue the rally further. Alternatively, if it rejects at either 22041 or 22081, then we can expect a correction ranging from 38% to 61%. This also indicates a bullish sentiment, suggesting an initial range-bound market before the continuation of the rally.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for February 6th. #Nifty Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty has had a reddish sentiment in the past two trading sessions. Even though it is reddish structurally, we can expect a rally continuation when it breaks the fib level 38%. This is because the previous wave count shows a proper 5-3 structure. If the market sustains the gap-up and breaks the fib level 38%, then we can expect further pullback continuation with minor consolidation. Alternatively, if the gap-up doesn't sustain or opens with a gap-down, then we can expect correction continuation. It might not be in ABC structure; it might go in a 5-wave structure.
NSE:NIFTY
by Manickamtraders
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