SGX NIFTYSGX Hourly Chart
Resistance is at 15079-15100 range.
Once breakout above 15100 is witnessed then
expect a rise towards 15169 at least and may exceed to 15213 and 15406
depending on the speed/momentum.
Support of 14900 is key on hourly chart view.
Once breakout above 15100 is witnessed then fall below 14900 must not be witnessed.
Sgxnifty
SGX 4 hour chart 01/03/2021 at 19.43 istSGX NIFTY
4 Hour chart
Positive Divergence on RSI has been witnessed.
As long as the low of 14441 is not violated expect a rise towards 15067-15243
for wave d later to follow up for wave e.
The above argument hold true as long as 14441 is not violated.
Once 14441 is violated expect a slide to
13974 as shown in the chart.
Its a correction market of sideways move for time correction and volatility will be seen as price correction for near term to short term.
A breakout above 15243 can change the tide for clutches of correction cycle.
Finally would need a breakout in near term as early as possibile above 15433.
Trend is down for correction cycle.
Up swing and down swing will happen till the correction structural pattern is not complete.
SGX NIFTY for 100221 ist 23.44Support is at 15065.
Long Legged Doji candle with large upper shadow suggest resistance and supply at higher levels.
Further rise can continue if sustains abvoe 15264.
Traders long and holding the same can revise up and maintain the stop loss at 15065.
On fall and close below 15065 can lead to a retracement of the rise from 13666 to 15263.
The earlier breakout point was at 14769.
Retracement are at 14617-14419-1422.
Expect 14769 to be tested at least on fall an close below 15065.
If sustains below 15065 and the open of the day then exit long and sell with stop loss of 1563.
Exit long and sell on rise to 15227-15348 with stop loss of 15264.
Trade long towards closing time if sustains above 15264 and above open.
SGX NIFTY for 090221SGX 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.
Will PSU Banks will turn the Market ? Tradeplan 29th Jan 2021First step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Here, I will disclosed my Trade plan for trading day & review them, share my learnings.
with hope that this will add value to your trade setup and trading strategy.
Trade plan
Nifty 50 : Trend is down, 15 Min breakout : ( for levels see video for details )
Bank Nifty: Trend is down, 15 Min Breakout : ( for levels see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
14000 Broken. whats next ? Tradeplan #Nifty #Banknifty 28th Jan First step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Here, I will disclosed my Trade plan for trading day & review them, share my learnings.
with hope that this will add value to your trade setup and trading strategy.
Trade plan
Nifty 50 : Trend is down, sell on rise : ( for levels see video for details )
Bank Nifty: Trend is down, sell on rise : ( for levels see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Head & Shoulder in SGX NiftyAs per the chart, SGX Nifty is showing a Head & Shoulder Pattern on its hourly charts.
Breakout is awaited.
Once a valid Breakout comes above the level of 13800, we may see SGX Nifty go to the levels of 14000 - 14100.
As of now one can keep it on his radar, and wait for the breakout to enter into the trade.
Dow Jones Flag and Rising WedgeThe US benchmark index Dow Jones has formed a Flag pattern along with a Rising Wedge pattern.
With both the patterns happening at the same time one should stay neutral and wait for breakout above or below the wedge pattern,
to get confirmation of the next move. Though the overall trend is still bullish but in the current scenario, its prudent to have patience.
So keep calm as its wait and watch till we get conclusive evidence.
Rounding Pattern Breakout In Dow JonesThe US benchmark index has given a rounding pattern breakout on hourly chart.
Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside.
As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000.
And as per the current chart scenario one can buy with a stop loss below 30100.
Current price 30,225.
SGX Nitfy Consolidation PAHourly Chart of SGX-nifty shows the speed of movement came down since it got into the yellow parallel Channel and become range bound which is between 13222-13167.
Now , until and unless it breaks the higher level of the range it will be in this sideway zone. But if it breaks out the yellow channel then there is the probability of move towards 13442/13529/13629/13779 levels ( These are all Fib extension levels previous lower low and recent higher high). Now if it doesn't breaks the yellow channel then it may continue and further chances of attempt of breakout towards upper side will be high till it stays in the intercept of both the channel. The chances will come down once and the longer it will continue in the yellow zone. Slowly it will show the weakness from side way to breakdown...
Cup & Handle Formation in Dow Jones HourlyThe US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
SGX Nifty Future Forecast in ABCD PatternSGX nifty is showing ABCD pattern where CD leg already have created an Fib extension of 1.272 AB at 13184.
It is already a bullish script now if it is breaks 1.272 level and goes up then it may go till 1.618 and further more 2 in fib level.
So the bullish entry should be above 13184 and Targets are 13622 and 14105.
Now if the script comes down and breaks the Fib extension level 1 of CD then it may gives a Target of 12500/ 12113/ 11836.