SGX
SGX Nifty D Time Frame View , MAKE or BREAK LEVELSon 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 till now, we still can assume strength of the index since from the same 16469 Level,
a bullish pennant is being formed & now its on the key bottom support trend line of the pennant, MAKE OR BREAK LEVELS,
it breaks it & we see market tanking down easily to 16700 or Making New Highs.
MACRO PICTURE OF SGX NIFTY
LEVELS AND DATES TO BE OBSERVED CLOSELY
SGX Nifty has shown major trend change in every 74 months and has taken support / resistance clearly from 5 years EMA.
Currently the market is closing near its long term trend line and the 5 yr EMA is at 13072 levels.
For those who are looking for the bottom then there is a different study on smaller timeframes but on a macro level 13000 can be a bottom for the ongoing crisis which can be achieved in the next 12-24 months if the situation does not change.
Out of 74 Months Time Cycle and 60 Months EMA its only 14 Months where the market generally can be observed to outperform. So invest accordingly.
📊 #Nifty Intraday Levels For Tuesday 31-5-22NSE:NIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
#sgx #sgxnifty upcoming support levelSGX:IN1!
as per SGX Nifty chart we can wait for buying in nifty as well as in Nifty stocks. till this levels we can short in Nifty with trailing basis stop loss.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Nifty 50 and sgx for price actionNifty 50 and sgx for price action
1.this price rance had a two different head &shoulder pattern.
2.first one (blue) inverse h&s incomplete lvl.
3.2nd one(red) break down lvl
just see what is the matter of fact your opinion
dont take serious ,use for reference only
price range guess or expecting lvl
1) 17300-16500-16200
2) 17300-15200 break down lvl or not include
3)18300-20400 breakout lvl
AND dont forget SUPPLY AND DEMAND(SND)
caution: This istechnical analysis and price action trading strategy only, this chart my point view ,
USE FOR REFERENCE ONLY , GOOD LUCK FOR PROFIT, DONT LOSE MONEY ,SAVE YOUR MONEY .
SilverDue to the uncertainty in the stock market, Gold and Silver raised to a greater extent.
If you are looking for shorting opportunity, then we have to wait for perfect time in which the market reverses.
This chart will gives you support and resistance for both long and short term.
Disclaimer :
Analysis are purely for educational purpose. Do not take any trade based on this. It is very important to do your own analysis before making any investment.
Sgx Nifty Short side targetSGX:IN1!
SGX:IN1!
We Are Using this harmonic pattern for short side target. if sgx nifty will not take support from these PRZs as well then we might see lower levels near 15200 +/-.
By tracking sgx nifty we are just taking view of nifty - banknifty .
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
#SGXNifty Trend And Direction For Intraday SGX:IN1!
Our nifty might imitate sgx nifty move so keep close eyes on SGX nifty move and plan your trade accordingly as per your trade setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
SGX Nifty Intraday SupportSGX:IN1!
Hope for the day for sgx, Nifty will open gap-down for sure but if sgx take support from here then nifty also might go up after gap down open.
there may negative new flowing so trade with strict SL even get reversal.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
SGX Target For Short Side SGX:IN1!
Ones Again we are using this harmonic pattern for short target so don't confuse your self that harmonic only can be use for reversal trading. now if we could be able to find reversal in PRZ area which is from 17403 to 16996.50 and if our trailing SL hit in short side then only we ll think to go long on Nifty. we are taking help from sgx to trade nifty as one can find previous long chart of sgx nifty which we used for nifty long for swing. trade as per your trading setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.