Nifty is forming a double bottom formation. Neckline at 10400. Trade Setup (Spot Levels) Buy Above 10420 SL 10300 Target 10550-580 / 10650 / 10750
Nifty Spot as on 4th Oct - 10599 The momentum of selling pressure, global sentiments and macros indicate that, this is the start of the NEXT BEAR PHASE...!! Important Support Levels as on Monthly Chart are mentioned on the chart above. Bulls Need to give a Monthly Closing above 10400 to avoid break of the bull run trend line from Feb '16 to Aug '18. If 10400...
Nifty will test the channel support around 10800 and likely break it to test it's 200 DEMA at 10770. Important Resistance Levels (purple) and Support Levels (Green) are marked above in chart. Trade Setup :- CMP 10850 Short @Cmp or in 10900-930 zone Stop loss 10985 Target of 10800 / 10770 / 10750 / 10735 All the levels mentioned above are spot.
Nifty is resting at support of 10820-50. Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff. These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options...
Levels mentioned in chart.. Educational purpose only.
Double Top and Bearish Engulfing candlestick pattern formed on Nifty. It is a signal for bear to takeover the nifty from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"
Nifty Jet Planes are get ready to fly and current status on standby mode. Waiting for confirmation signal of breakout and whichever the breakout signal happen, particular jet plane will start to fly and mission target of 11000. Watch the levels for breakout, Breakout level 1 - 10325 ( Jet plane 1 on board ) Breakout level 2 - 10285 ( Jet plane 2 on board ) I...
Kindly go thru the chart according to channel trend lines I see a target of 9500 in nifty.
A quick overview at how the Nifty is shaping up into the period going forward having witnessed a good correction of just under 3% from the recent highs it has just made. Chart speaks for itself!
Hi All , Everything on chart Its just few observations from my end , Don't know Elliot or Neo wave much. Elliot and Neo wave champs please comment. Just for study purpose , Please consult your financial adviser before taking investing decision. Thanks.
There is an unfilled gap from 8970-9020. Market will try to fill it as soon as possible. Target: 8975 (175 points) Stoploss: 9200 (50 points) R/R: 1:3.5 Regards
If price breaks 8402 with shift in resistance expect nasty fall, minimum TGT 8367, level of retrace 8346, for more info check chart
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...
if the upper resistance line isn't broken then chances are nifty can reverse for another low, as all the structures made here are 3 waved structure, and it doesn't seem ready to go up just now. Count invalidates if the line is broken.