SGX:IN1! SGXNIFTY can start downfall till 16800 if current support zone breaks, there is chance it can go upside to retest fresh / important res wich was previously strong support and then fall back to 16800.
Having a bearish view for SGX Nifty. Price broke out of bear flag pattern and retesting the pattern as well as another rising trendline from 7th Oct. This indicates bearish pressure for India markets as of now at least until 16800 to 17000 levels at short term. Just my view, please do your own analysis.
Thanks
IN1! - SGX Nifty took support of Rally Base Rally Demand zone at Trendline and we can notice Wave Volume Bullish Divergence as well.
Finally, I can predict that we might expect a bullish move up till the next resistance zone.
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One Hour Chart Analysis
Support Zones For SGX NIFTY Trading
First Support For SGX NIFTY – 18685
Second Support For SGX NIFTY – 18579
Third Support For SGX NIFTY – 18495
Resistance Zones For SGX NIFTY Trading
First Resistance For SGX NIFTY – ...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Don't take any long positions, untill we get a better signal
fibonacci channel finding
high and low rejection or out points,
18000-19000 future market ( shown fib channel).
similar point to break out for all time high.
or not.
goodluck fii data shown low selling but not toomuch ,
In SGX Nifty Formed A Triangle Pattern in 5Mins Chart So That Triangle Pattern Indicates SGX Nifty Will Fall
So You Need To Do Short Sell Only
Don't Buy Call Options Sell Call Options And Buy Put Options
SGX Immediate Resistance @17415 If SGX Nifty Breaks @17415 Then It Will Upto @17480.
SGX Nifty Immediate Support @17340 If SGX Nifty Breaks @17340 Then It...
As you can clearly see Sgx nifty is trading at crucial level and if anyway the index breaks down below 16750 then it will open a window for further selloff.
on D timeframe SGX NIFTY,
yesterday due Powell speech Nassdaq tanked 500 points
Bearish Signal:
1) So SGX broke an important trend line rising from 16469
2) with double top being formed unevenly & this indicating the break of the neckline,
we can see a good fall unto 16700 levels HOW ? ( Look down on Bullish)
Bullish Signal :
1) after all the correction happened...
