The support zone of 17250 to 17560 needs to hold for now. Today' Nifty has started with a gap down, the bias seems to be shifting downward. Closing below 17250, may most likely take nifty to quickly test the two lower support levels. The 200dma range seems very doable for now. Crossing and sustaining above 17600, will invalidate the move below. Majorly, the...
Let's get it straight. There are only 2 possibilities for NIFTY 50 from here. Both the possibilities are explained below: Possibility 1 The chances of this possibility are high because there is nothing wrong with the fundamentals of the companies in NIFTY50 and the INDIAN economy. I believe the markets are deliberately brought down for big investors to...
1/2021-Aptus Value Housing Finance Aptus - Structure forming - Lower Highs & Equal Lows structure shifting is in process. A breakout is expected if stocks successful in closing above 356 for a tgt of 380 /400 with a stop loss of 315 on closing basis volume trend is rising on price rising and low on price decreasing. RSI is above 60. Disclaimer : only for...
Nifty has been consolidating from the last two trading sessions between 17200 and 17370 levels. Since Nifty has corrected around 400 points from last week, according to me a quick pullback is expected anytime soon. The overall trend is still bearish and with Nifty trading below 44-EMA on the daily chart. Nifty has to close above this level for the further upward...
Short Market Report Nifty closing above 17500 shifts things more towards the bullish bias. But don't confuse with bullish reversal. Today it formed a Doji with a long down wick. That's what we call a dragon fly Doji. It usually suggests a bullish reversal. But there are certain criteria to confirm that. It has to be at the end of a major down move, it has to form...
we are nearing end of an expanded flat correction post 5 wave impulsive rise.Now we can have two possible scenario which can unfold from here which are as follow's: Scenario-1:Considering entire 5 wave impulsive up move as wave 1 of an higher degree and the flat correction as an wave 2 of higher degree,we can see start of an wave 3 from here. Hence tomorrow if we...
Nifty 50 index which is known as Indian stock market leader how to perform leader in coming days we try to understand. our nifty 50 index trade in bearish cycle for short time frame on daily chart and corrective wave on longer time frame on weekly chart. 1. First we try to understand on weekly chart 16000 sixteen thousand is major support level. 2. Daily analysis...
Nifty This is not a fresh recommendation - In our earlier post we had warned about trouble times for Nifty based on the chart set up - we had also highlighted the possibility of Nifty breaking Support line based on the 2-3-5 Rule ( in the 5th attempt, the chances of breaking the support line is higher) Well, 2-3-5 Rule works its magic... As it was the 5th...
The crypto markets witnessed a profit booking towards the end of last week, with the flagship coin BTC getting dipped by ~4%. BTC managed to close the week in green and closed the week with 3.47% gains and even made a new ATH of $69,000. The sell-off is mostly triggered by the fears of earlier Federal Reserve Interest rate hikes which overshadowed the awaited...
NIFTY Intraday Trade Setup For 9 Nov 2021 Buy-Above 18100 Sl-18070 T-18170 18260 Sell-Below 17990 Sl-18020 T- 17955 17910 The index has given a very strong closing today. It has sustained above the psychological resistance of 18000.Range has shifted today. The dynamic resistance is tested today. the dynamic resistance will be taken out if index crosses 18100...
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smc trade idea for eurusd forex pair. starting with Blue grey candles we look for H1 Market structure, and the Supply/Demands created as price breaks newly formed swings. when price comes back to the POIs, look for Clean LTF confirmation: Moving from M5 to M3 to M1, look for Recent Low/High Breaks, snd flips, ChoCh ( everything in an impulsive manner, showing...
Clearly we had seen that the downward trend line breakout and get into the sideways to indicate clear momentum shifts to bulls from bears… let’s play another discipline trade
wait for retest and volume confirmation of entry. volume is above average at breakout candle. a clear sign of Accumulation seen on Volume Profile with values slightly shifted to higher Prices.
Supports are shifting here with multiple supports at every step, I am very much confident of 18200+ in October series. However, I'd initiate a fresh trade only above 17950.
Stock consolidating since a year. High volumes Lows are shifting higher. 3rd Kiss on the trend line. From Current level can be a good buy. Target 1 : 121-125 Target 2 : 142-145 Stop loss : 88-95 Good Risk to Reward More than 1. small resistance around 133 also Not recommendation/tip consult your advisor / do your own analysis
Interesting Observation Found in this Stock Classical Bullish pattern is formed in the Daily and Weekly Chart Expect to make another 20% returns from here. Every quarter it is making Triangle pattern is formed and shifting to next levels.