Nifty seems like breaking decending traingle pattern. technically nifty strong and turn to positve bullish mode. strong support from Demand zones and trend lines. so, next week going long with nifty.it's just my opinion. take trades according to your analasys and intution. best of luck.
This is nifty on 4hr time frame here i marked a support zone along with a trendline , if nifty will not be able to hold these level (17800-17750)
than we may see a fall toward the level of 17500 so view is Bearish here make your trading plan accordingly
As FII & DII sold today
New support level = 17800-17750
New Resistance level = 17250-18200
Right now my take fir nifty is neutral, if nifty breaks the supply zone and take good support in first half and hour we can see good momentum upside. Nifty last hour candle made doji which means indecisiveness in the market. I personally didn't carry any overnight positions. Monday wait for the momentum either then take a trade. otherwise it will be a range play....
Hi Traders,
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Hi Traders,
In this video blog, You will get information regarding how a trend is extended in any stock or indices. This way you can easily see how any price behavior in spite of finishing the trend gets an extension in price. For this information see my video, the link is given below in the description box. Next week's trading plan is in form of a screenshot to...
Price 9356 to 8637 is the range in this upcoming week.
Reasons:
1. price likely to create an equal ABCD pattern.
2. Rsi divergence on the daily time frame.
3. Price following through a bearish parallel channel.
4. Price 9356 Fib level 0.50 and 0.618% there's a huge supply zone, and then price eventually travels to Fib level 1.27 which is my favorite one. Also...
