SGX NIFTY Resistance comes from 61.8% 15122 and from 15151. If sustains above 15151 then expect a rise to next supply zone-15247-15433. Finally if breakout above 15433 does happen then rally towards 15903(1.618) Support gap 14870-14806 and the swing bottom low of 14639 will be key support form here on. The pink line can be critical. Black line can...
SGX NIFTY SGX NIFTY needs to sustain above the black line. Alternatively, a fall and close below 14926 can lead to a swing top . In that case the slide can be back to 13588 or below. Trend is up therefore the bias is up. Expect to hold the black trendline. Potentially look for rise till 1.618% retracement of the fall from 14769 to 13578. THe level is 15506.
Ps: Am just learning not a pro If you are good at analysing charts correct my mistake. I will appreciate that :)
Waiting for breakout Ps : Am not a professional.
1. In this chart I circled price behavior in green at all levels provided few days back give the correct information of frequent entry and exit . If anybody has the knowledge of how much any move whether with trend or counter trend will travel in correct direction can perfectly work in intraday trades with the help of given support and resistance in this range...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN SGX TODAY. 1. In my last statements point no 2. I clearly mentioned that if price till morning do not cross green dotted line then gap up opening can convert into flat. But you see price crossed dotted trend line so market opened gap up. see in fig. I gave the cross area in yellow color which does not provide...
COMPARING MY PREVOUS STATEMENT TO REAL MOVE IN SGX TODAY. 1. In previous post point no.3 I clearly told you about the condition of green doted line quoting my words " morning star parttern is seen that has been tested in next candle. If it really works then green dotted line will breach and price will go to in 1st micro zone ." You can see price breached the...
On 18th May Sgx Nifty gave a flat opening after that it felt more than 200 points with the opening bell of Indian Market. On second half sgx again climbed up and broked the resistance. Possibility is very high SGX will open near 9100 in the morning. If it breaks 9100 and sustains for more than 30min Long can be initiated talking a target of 9140. If SGX breaks...
COMPARING MY LAST STATEMENTS WITH REAL MOVE IN SGX NITY 1.In point no.3 I clearly mentioned that a divergence in price to volume is seen this can test the lower limit of red zone which you can see in fig I circled in green . Same happened. That is whyI always say market show friendship with my analysis. 2. Now next what? In nifty post with upper time frame I...
COMPARING MY LAST STATEMENTS IN SGX WITH TODAY ACTUAL MOVE. 1. Yesterday in point no. 3. I mentioned that untill and unless a green trendline is breached nifty can go down with the target of red zone . But it breached in morning that is why nifty did not show big fall. 2. yesterday in sane point no.3 I also mentioned that when price will reach at red zone a...
SGX Nifty has reached the given target earlier for down. Now the trend reversal has started for a short term till 10000 mark, meanwhile could find some minor down for retesting
SGX nifty is currently rallying towards 10550 on pull back rally now the chart is retracing towards 9000