Nifty probably breaking out of EOD 50 point brick Renko triangular converging formation from 38% to 50% zone of the previous swing.
The energy index looks bullish on weekly charts as there are no signs of weakness. As the Heikin Ashi chart has been making green candles also the structure of the chart is good. The overall feel of the chart is good. On daily charts the price is on the bottom of parallel channel and on the same pivots. Renko is also making a green brick. The stock may face high...
Trade Setup Short October Futures from the pullback level or current level. High Volatility Candlestick Chart 25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022) If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40. Macd - Bearish Crossover Renko Chart Fake breakout of resistance at the level of 39011 and...
Is the renko chart trying to tell us that this is where we should add to our postion??
ATS - 14 period - 250. Brick size - 125 Eth coming out of bear cycle.
NSE:NIFTY can downslide before the union budget. Renko charts are saying so. After a huge upside its now time to encash Nifty with short position.
NSE:NIFTY may open gap down tomorrow, but its time to remain long as per Renko Chart. We may witness a big rally upto 12200 before October end.
NSE:NIFTY should be bullish in this week. One can go for a long position with a target of 80, 150 & 190 points in 8-10 trading days.
NSE:NIFTY may fall now for 4-5 days. Aim for 9900, 9830.
The title is self-explanatory. Red trend lines are support, green trend lines are ressistance.
One can long NSE:NIFTY before rate cut announcement aiming 11100.
Pre & Post Budget movements are most rewarding if captured correctly. Since the last two budgets, we are seeing a sharp fall post budget. This time it seems, this may not repeat. Renko charts says so! The market may either continue its upward journey or may trade in a narrow range. So I will either suggest going long on NSE:NIFTY or just SELL PUT options of...
Renko is often used prior to some big events especially election outcome. Renko bars + Supertrend + RSI is telling to take a short position on NSE:NIFTY . Will NDA may fall short of the majority? Renko reveals something!
NSE:NIFTY should be in bullish mode next week. Best time to enter is today! Renko daily and RSI based on Renko charts suggesting an upmove atleast for two trading days.
Short term (4-5 days) trend in NSE:NIFTY is down again as per Renko charts. Any recovery should be treated as mirage!
Tomorrow NSE:BANKNIFTY may open with a gap down or flat. This will the best opportunity to enter a long position for 4-5 days. RSI has entered the oversold entry which can slow down or even stop the falling NSE:BANKNIFTY