NIFTY Intraday Trade Setup For 06 Feb 2024 Bullish-Above 21970 Invalid-Below 21920 T- 22150 Bearish- Below 21720 Invalid-Above 21770 T- 21525 21315 NIFTY has closed on a bearish note with 0.38% cut today. In the we discussed in detail that index formed a bearish reversal candle at an important resistance level in daily TF. Below 21800 our short trade is...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: ”The buildup from 24th Jan to today is a Double bottom (W) pattern and a small bullish trendline. All of which leads to confusion on what gets the highest priority. We would like to continue with the neutral stance for Monday with a slight advantage to the bullish side.” 4mts chart The 21913 support and...
Ascending Triangle Bullish Breakout Be a conservative trader in the lower time frame of 15 mins, wait for the level breakout, and close and our entry should be above the previous candle high. use this spot chart and do positional option buying or future buying. Entry Above: 17980 Stop Loss: 17700 Target: 18380
As we discussed yesterday, NIFTY made a bearish movement after 2 pm with a nice volume. If we look at the chart data: Price has broken the pattern to the downside, now trading at 200 EMA. RSI has already gone below 40. Price is trading below EMA(13,50). Today, the selling volume was quite high. If we look at the OI data: PCR = 0.72,...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Today, I marked my support and resistance levels in NIFTY. I'll be trading based on these levels. I'm planning to publish post-market chart as well. Kindly check that as well. If you think it's useful, please like and follow
Trade plan for tomorrow: If there's a gap down tomorrow or it breaks Friday's low of 21800, then the next targets would be 21650 and 21450. If it opens with a gap up or opens flat, then it might move within Friday's range only.
NIFTY Intraday Trade Setup For 05 Feb 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22350 Bearish-Below 21800 Invalid-Above 21850 T- 21550 21340 NIFTY has closed on a bullish note with 2.35% gain last week. On Friday also it closed with 0.72% gain but created a bearish sentiment as there was a huge sell off from ATH. 22150 is a strong resistance in daily TF,...
NIFTY cmp 20937 I have suggested Positional Longs near 18840..... and recently near 19850 Enjoyed Bull Run From 18840---->20960++ More than 2100 points Done Now as market is at ALL TIME HIGH we need to update our Levels So, RESISTANCE WOULD BE 20970 / 21080 / 21180 SUPPORT WOULD BE 20750 / 20600 / 20500 Regards.. Harm⭕nics4Life 06/12/2023 ...
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As we discussed in our analysis & on YouTube , it reached the target and then fell. You can also find the analysis on youtube channel link in Bio. Now if we look at the chart: the market is in a rectangular uptrend pattern and is now at the lower support line. Looking at the selling pressure volume in the last session, it was a strong fall from ATH....
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Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
There is a huge monthly value gap sitting between 21137.20-20158.70. This is a big bearish signal considering we haven’t got a pull back from the last high break, meaning this month. We could see the prices come all the way down to 20158.70 before we move back higher. This will be minor pullback on the bullish Monthly Chart. There is a weekly gap near the bottom...
Nifty at Crucial Support zone or we can say that it's make or break zone if nifty hold the support today then we can see the upside rally in near future or if Nifty breaks the support and close below the make of break zone than we can see the downfall in near future ... I hope this will help you to make your decisions accordingly however this is educational...
Nifty 50 has formed a picture perfect doji candle on monthly timeframe. Break on either side of this candle may trigger further move in direction of the break. Mark the levels of previous month's candle on your charts and keep an eye.