Nifty Futures 09.05.23A break down from immediate support or an opening below may signal a bearishness, but if there is a breakout above ydays high...we may see another bullish movement. Its important to wait for opening to decide the course of action. An opening near the green line and within range may be a sideways movement
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NiftyFutures Key Trading Levels for 10th April 2023Nifty Futures Key Trading Levels for 10th April 2023
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
Nifty Futures 29.12.22 daily chart - analysis29.12. NF faced liquidation from the open till mid-day - H period, on lower volume - 20% early morning tapering to 7% by G period.
Excess Low was made in C period. Reversed direction in H period and OTFed Up till the end. Closed at the day high.
Volume on the upside was higher.
Have to see whether today's moves were only on account of expiry. Today's low can well be an Excess.
Also, tomorrow NF will open higher - may be a gap up due to change in series.
Dec series close was 18191 and Jan 18292 - a difference of 100 points.
Nifty Futures - Weekly Time Frame - Breakout below the balanceThe fall started with a variation of the bearish Evening Star pattern right at the All Time High, followed by the bearish Engulfing pattern at the Pullback High and then the final nail in the coffin was another bearish Evening Star pattern again at the Pullback High. After that, it was a steady decline characterised by breakouts and acceleration followed by another variation of the bearish Evening Star pattern and now the big breakout below the last support at the July 2021 month low, from where the last rally commenced. It has fallen 17.5 per cent from the ATHso far this week.
Nifty futures 15 min chart Wyckoff Re-Accumulation StructureMultiple bullish signs clearly evident in the chart
- The structure of Higher Highs and Higher Lows
- Price Volume Analysis showing clear bullish volumes (volume increase on up move and decline on down move)
- Reversal Action and spike in volume at trendline support repeatedly
- Price Action and slope of the buying wave and selling wave comparison
- A Pennant pattern overall in a trending market
Can look for all these confluence factors in the annotated chart.
Please like the post if you find it useful as it will give me incentive and confidence to post more charts based on the powerful technique based on Wyckoff
NIFTY FUTURES 25 JULY 2022Started just above the zone 16609-16621 bounced below to the zone and moved up to next zone 16742-16767 crossing the resistance level 16718, with a small pause.
It could not cross the zone of 16742-16767 and reversed to the resistance level 16718 and ended around it.
THIS IS THE POWER OF ZONES. KEEP TAKING THE FULL ADVANTAGE OF PRO LEVELS AND ZONES.
On 25-07-22, Monday, it could gap up and open to jump the strong supply zone above. But i feel a 2-3% correction is due next week.
Keep respecting the levels and zones.
Nifty futures in Trend Reversal ModeNifty50
Doji candle formed yesterday so today's expectations around 16200 may test once,
Intraday trader's think twice to short.
Days chart shows reverse butterfly pattern movement pending and Doji also formed.
This chart study is only for educational purpose
Conclusion:
Trend reversal coming soon,
Thank you