Nifty witnessed correction for 4th straight sesion Nifty remained in negative trend in today's session & closed near 22700 level
Market continued with its correction phase for another session
Investors seek to book profit in Mixed Global cues & ahead of imp US PCE Core data.
A Bearish candle is formed on daily chart
The imp upside hurdle is placed around 22850/900 level
whereas downside support is around 22600 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
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Sgxnifty
Info Edge India Ltd / NAUKRI Analysis :NAUKRI
LTP : 4,453
Support : 4155-4380
Targets: 4913/5832/6650/7412
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#NAUKRI #InfoEdge #InfoEdgeIndia #StocksInFocus #stockmarket #investing #SGXNIFTY
POLICYBZR / PB Fintech Ltd Analysis :POLICYBZR / PB Fintech Ltd Analysis :
POLICYBZR
LTP : 730.10
Support : 700-360
Targets: 931/1122/1340/1470
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#POLICYBZR #PBFintech #StocksInFocus #stockmarkets #investing #SGXNIFTY #NASDAQ #nifty50
JUBLINGREA AnalysisJUBLINGREA
LTP : 432.6
Support : 396-440
Targets: 534/601/663/749
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#JUBLINGREA #StocksInFocus #sharemarket #stockmarkets #sensex #stockmarketnews #investing #SGXNIFTY #NASDAQ #nifty50
IOLCP AnalysisIOL Chemicals and Pharmaceuticals Ltd (IOLCP)
LTP : 381.5
Support : 315-365
Targets: 453/530/652/783
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#IOLCP #StocksInFocus #sharemarket #stockmarkets #sensex #stockmarketnews #investing #SGXNIFTY #NASDAQ #nifty50
SGX nifty futSGX nifty cmp 18826
SGX nifty index registered high of 18831 today and 18860 in last week.
Last week was not able to close above 18779 levels,
As per wolf wave formation , index in last phase of up move, where index might face resistance around levels of 19000-19100 levels.
As per pre assumption of harmonic pattern formation, leg c of pattern is already matured, and any reversal below 18779 would lead to formation of led D which would extend much lower around 17800-16800-15800 levels.
Whole view gets negated on closing basis above levels of 19300,
Below that we have 75-80% chances of falling sharply.
Bulls time to be cautious.
SGX prediction based on support resistence levelsSGX:IN1! SGXNIFTY has started trading below previous support and has been bouncing back from current support and failed to break previous support which is acting as resistance now, if sgx manages to break current support too, then 17900 zone will be next support/buy zone for sgx.
if current resistance ( previous support) is breached and sgx manages to move up again , then we will have to wait and analys next move after price actioon is made.
sgx downside prediction for coming weekSGX:IN1! #SGX NIFTY has important week coming for the future of new all time high and a pull back scenario, ig sgx namages to break the current sell zone then only we can keep hopes for new all time high levels or at least a rally till previous high levels.
if we do get aa pll back then first fresh support should be anice and safe target for thee correction and below that the next support zone is going to be major facto for next moves ahead in coming next 2 months.
SGX NIFTY- Above 18k Inverted H&S Breakout!Attached: SGX NIFTY Daily Live Market Chart as of 27th April 2023
Price has put in a Clean Inverted Head & Shoulders Breakout signaling further Upside from here and BULLs in the Driver Seat!
I have used Fib Extension Ratios of
3= 1
3= 1.272
3= 1.618
to get Upside Targets for this Rally
The Inverted Head & Shoulder Measured Pattern Target comes at Target 2 in the Chart which is approx. 18950
On a Further Note, Price has also cleared all the Overhead Supply in the form of Anchored VWAPs and so the Path is Clear for SGX NIFTY to rocket upwards!
Stop Loss/ View Invalidates below 17600
sgx downside prediction for coming week, are we up for fall?SGX:IN1! since last week sgx has been strugling to push through weekly selling zone but has failed to do so far , if we get a support breakdown, we might see sgx reach 17400 levels within this or next week. watch how sgx reacts to current s/r zones market on chart along side with 17400 level zone.
if sgx manages to break above current resistance zone, then we might see some more volatile movement to reach more higher levels as sellers might try to protect the weekly sell zone before letting sgx march upside.
SGX PREDICTION BASED ON DAILY TRENDLINESGX:IN1! SGXNIFTY is back to the crucial trendline of daily timeframe which gave us massive falls multiple times in past,
sgx is at weekly/daily/hourly resistance zone and showing rejection from resistance zone currently, if sgx breaks current support of 17499/17480 and sustains below 17740, then we can retest the 17300 levels again.
the yellow zone can hold the sgx for a while and may help it to bounce back a little, if we break the yellow support zone , we will see the next target zone getting achieved soon after breaking of support zone.
FOR UPSIDE/TRENDLINE BREAK SITUATION
we must wait for sgx to break resistance and turn the resistance into strong support, then only we can be sure about more upside ahead. current resistance is 17558/17571.