SGX prediction based on support resistence levelsSGX:IN1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,
current fresh support zones are 17592/17569 and 17499/17480.
if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before starting upside journey again.
Sgxnifty
sgx downside prediction for coming weekSGX:IN1! SGX NIFTY is showing negative sign/rejection at the important weekly daily supply zone, if breaks 17642 then we can see downside move again.
requirments -
-must give daily closing below 17767
- max upside movement till 18037 if crosses 17937
- above 18037 can give some points in upside
SGX BREAKS DAILT TRENDLINE, NEXT POSSIBE TARGETSSGX:IN1! SGXNIFTY breaks the trendline of daily timeframe with little to nothing struggle,
can retest the trendline on new support zones formed before moving towards next targets on upside .
be carefull for possible fake breakput scenario which can push marjet dow again , which is unlikey to happen but still manage your risks while following sgx upside move. SGX:IN1!
SGX prediction based on support resistence levels on daily/houreSGX:IN1! sgxnifty is approaching crucial trendline of daily timeframe with 2 resistance zones present at/near the trendline,
first resistanse zone is 17500/17057 and the next immediate resistance zone is 17632/17713 which is inline with trendline and can trigger the next corrective fall if respected by sgx.
fresh strong support zone is formed at the levels of 17326/17256.
if the trendline and resistance zone of 17713 is broken, next immidiate can be 18000 level after trendline retest or retest from current resistance of 17500/17057.
SGX NIFTY- Anchored VWAP Detailed Analysis!Attached: SGXNIFTY Daily Live Market Chart as of 24th March 2023 (post 12:00 AM)
I am sharing this to bring to your attention the following points:
1. Price is currently consolidating below a Cluster of Anchored VWAPs (labelled on the chart). These same AVWAPs have acted as support in the past, see from where Price had rallied off in Oct 2022 for example
2. Price is also consolidating in the Lower Half of the Falling Trend Channel drawn from the Dec 2022 Highs
3. 16800 is the Make or Break Level using the Law of Polarity (labelled on the chart)
So when Price breaks⚠️ down these 3 Confluences, expect the 🐻Bear Market/ Bear Trend📉 to ACCELERATE 🩸!
And that will then Open the AVWAP Downside Targets🎯 as follows:
T1= 16400
T2= 15800
T3= 15300
Also these are the Very Same Downside Targets that I have been calling for when Nifty was trading at 18000 in the first week of Jan 2023.
In addition to all of this you would also notice my Elliot Wave marking for the B Wave false breakout to New Highs. We are in Wave C of a Bear Market presently.
Best,
Siddharth Bhansali
SGX prediction based on support resistence levelsSGX:IN1! may start movement towards target till 17400 if breaks and sustains above 17255 on 30 min time frame.
keep watch it may resultin fake breakout, if support getas broken we will have to take confirmation if it is going to remain in sideways or try to retest 16800 level again.
SGX READY FOR 15750 RANGE , MEGA CORRECTION AHEAD ON DAILY TF !!SGX:IN1! sgxnifty is all set for huge correction as it has formed strong resistance at the levels of 17256/17181 and is very much likely to break the current dailt time support of 16812/16647, once it breaks that support then we can see serieas of new lower lows and new lower highs on daily time frame till we reach 15750 range.
keep monitoring sgx movement as it moves towards/between on target 1,2 & 3 levels .
SGX Nifty View short termHaving 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
SGX nifty Trend Analysis For Nifty Prediction SGX nifty Chart Analysis on 02 Feb 2023 For Next Week
SGX nifty is Future Contract Of Nifty50 , Traded in Singapoor Stockexchange
SGX nifty Almost open for 16 Hrs Day , It will Helpfull to predict any Big Movements before Nifty open in Morning
See Below Major Supports and Resistance for SGX nifty
Support 1 - 17568
Support 2 - 17357
Support 3 - 17238
Resistance 1 - 17880
Resistance 2 - 18050
Resistance 3 - 18183
Major Support Zone for SGXnifty - 17238 - 17356
First Major Resistance Zone for SGXnifty - 17892 - 17877
Second Major Resistance Zone for SGXnifty - 18347 - 17270
For Daily Confirm Targets
Nifty -
Banknifty -
Finnifty -
SGX nifty Wyckoff accumulationThe SGX NIFTY appears to be in a period of accumulation, according to the Wyckoff method of technical analysis. This pattern is characterized by a trading range in which there is a buildup of buying pressure, as evidenced by a series of higher lows and a lack of significant selling pressure. Based on this analysis, it is likely that the NIFTY will experience a strong upward move in the near future. However, it is important to note that technical analysis is not an exact science and past performance is not indicative of future results. It's important to do your own research and use this analysis as one piece of information among many when making investment decisions.