Get started

Reversal

NIFTY FOR UPCOMING WEEK 29 AUG TO 02 SEP 2022.Hello everyone this chart technically measured and filtered by team INFINITYIV. Due to high volatility and uncertainty in market it is important for us to provide you both side level. It always helps when market turned opposite. FOR OUR ACCURACY CHECK YOU CAN MATCH LEVEL AFTER EXPIRY OR GO THROUGH WITH REST UPLOADED CHARTS. Where capital involves chart should be more accurate, reliable and easy to understand. LEVELS FOR WEEK:- Resistance*:- ⬆️ 17612 ⬆️ 17863 ⬆️ 18002 Supports*:- ⬇️ 17540 ⬇️ 17324 ⬇️ 16930 (* there is a chance to level mismatch by 0.01% of NIFTY) KEY STRENGTH:- 1. FALLING PRICES OF GOLD 2. FALLING CRUDE OIL PRICES. 3. Weekly PCR. 4. RELIANCE Bullish 5. NIFTY HEAVY WEIGHT STOCK POSITIVE. KEY WEAKNESS:- 1. DOW CRASHED. 2. World market negative. 3. Crypto currency’s too. 4. Most of stock is in over brought zone. 5. USD POSITIVE. 6. Falling VIX. CHART PATTERN AND INDICATORS. 1. NIFTY formed sideways after a rally. 2. Trend line supports seen on weekly time frame. 3. No major chart pattern seen. 4. All indicators turned negative. HOW TO TRADE WITH CHART:- 1. Let break any side level mentioned on chart chart. 2. Let sustain 2, 15 minutes candle above or below. 3. Good to go for next level. 4. Some time profit will be less but it will be profitable. 5. IN OUR VIEW PLEASE AVOID FIRST SESSION OF FIRST DAY TRADING AND GO LONG THEREAFTER. NOTE:- 1. We are not SEBI registered but our chart accuracy can be trusted. 2. If you agreed with, please contact SEBI registered advisor b4 any position. 3. If chart helps you please hit like your one milliseconds effort makes us happy. 4. Share this to your friends it will help to lose their hard earned money. GREETINGS:- Happy trading and have profitable week.
NSE:NIFTYLong
by INFINITYIV
12
Multiple Reversal patterns in Nifty IT !!!As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an island reversal pattern. Along, with above two patterns, inverse head & shoulder are also visible which further conforms to a reversal in the IT sector.
NSE:CNXITLong
by Chaser30
10
Nifty 50 1.global sentiment weekly positive 2. war was not end I was Not clear about nifty for this week (Chart shows a breakout ) (small Up Trend ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 15720 .. if we can see the price action for buying side and exit at the target price 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down cross wait For close the 5 min or 15 min candle. see the price action then crossed 15533 buy and wait for the target Weekly high and low should be mark when 1st time hit resistance and halt for 1 day or 4 to 5 hour may change the trend .. Monday may gap up it may have chance to up side Possibility my have on up side (up to previous week swing high) Note . this just prediction. market can happen anything
NSE:NIFTY
by tarunkumar1996
BankNifty weekly1.global sentiment weekly positive 2. war was not end possible for gap up check the price action in charts buy are sell in 15 min time frame (Chart shows a breakout ) (small Up Trend ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33776 .. if we can see the price action for buying side and exit at the target price 34339 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down cross wait For close the 5 min or 15 min candle the crossed 33389 buy and wait for the target Weekly high and low should be mark when 1st time hit resistance and halt for 1 day or 4 to 5 hour may change the trend .. Monday may gap up it may have chance to up side Possibility my have on up side (up to previous week swing high) Note . this just prediction. market can happen anything I Don't Know how to insert in pic in the text documents Can any one suggest me
NSE:BANKNIFTY
by tarunkumar1996
TATA MOTORS DVR - Long term Bullish1. Bull Flag Pattern formed... 2. Long-term Bullish trend 3. When it breaches the resistance will go upward direction... waiting for the market correction. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
TLong
by ravi15684
Buying Climax: What, Why and HowBuying Climax: is a situation on the chart that represents ‘exhaustion’. This is the sharpest upward price surge where the last set of buyers enter the stock, thinking that the stock is going to the moon and never look back. This also reflects ‘Greed’ entering in to the stock. Investors who bought at the lower prices, during accumulation, take it as an opportunity to exit from the stock. Therefore, it represents those pre-conditions that lead to price correction. The climax is associated with very wide range up bars/candles with exceptional volumes, followed by supply in most cases. I will take up the case of Dr. Reddy with no particular reason but as a good example that just came in front of me and I thought it will be a good idea to share with the trading community what a climactic action looks like. Dr. Reddy had been in a downtrend between Oct2015 to Aug2017. It then consolidated for more than 2years before it decisively broke out of Rs2800 supply zone in Jan-Feb2020. It retested the supply zone in Mar2020 market correction and held it as a new support. Thereafter we can observe three major breakouts seen on this weekly chart, which would help us in understanding a buying climax in a better way. At every breakout you need to observe the range of the breakout candle and the volume involved in the breakout. A good breakout needs a wider candle with a strong closing and good volume. Let us see what happened. Breakout 1 Range of the candle – 600 pts or around 18% This seems an average type of range compared to the pre-breakout candles. So nothing alarming here. Volume – Slightly higher than the average volumes. Breakout 2 Range of the candle – 600 pts or around 15% It’s also an average type of range Volume – Is very high, more than any candle in this uptrend since 2020 Breakout 3 Range of the candle – 1160 pts or around 27% This is exceptionally wide range Volume – Exceptionally high (More than 36mn). Not seen anywhere on the chart. This is buying climax. You can see that, on the very next week, there was extremely high volume on the downside. This further validates that seller have entered the market and the upside could be limited. We can draw a resistance line from this Sep2020 highs. Price corrected 25% from this resistance in the next 5-6months. Also observe the Breakout4 (Jun2021) of the resistance (vertical dotted line) Candle Range – narrow Candle volume – very low compared to previous breakouts. This is a weak breakout which could not sustain and is followed by a big supply candle. Further indication that the stock has lost steam. I hope this idea was helpful. Do like and comment for more such educational posts in the coming days.
NSE:DRREDDYEducation
by Bravetotrade