Hi everyone, SGXNIFTY50 INDEX analyis on 1D chart recently we`ve seen index breaks it`s daily supoort 17,650 & bounced from 16,800 (level identified from harmonic half-bat pattern level 0.58) too test it`s resistance 17,650 & fall continues if breaks 16,800 can go between (16,300-16,200) and can take bounce & test 16,800 and fall can continue upto 16,000 (level...
breakout was not heathy and had a really less volume. may take a support in the mentioned level. nse nifty may follow the same move as sgx nifty move its way
Can't say much , but market works in cycles and according to my 12 years of trading with Data science as an edge in the financial markets . I am saying " SELL AND RUN AWAY " . It always happens with new batch of people they buy equities and nifty at any level in the market and they get trapped . These people block their capital for atleast 2 to 3 yrs . (LOSS BOOK...
once it goes above trendline and after retesting trendlne it will move towards range 18235-18264, our nifty will move accordingly also
SGX CMP 17896 i am seeing 2 probabilities my view upside till 18126 but need to sustain above 17862 or downside towards 17632.
SGX CMP 18267 either side break out/break down possible...lets see hope for the best my view down side towards 18066..
target of sgx nifty is 18484 and our nifty will move accordingly i guess
SGX CMP18157 Iam expecting towards 18296 and 18385 but it has to sustain and closed above 18060....below 18060 more fall expected
EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . Simple price action analysis SGX NIFTY 120 points down . then BANKNIFTY Gap down opening . If taking exact Support from zone , it's kind of a Triple Bottom Pattern . Entry as per your entry setup .
EXPLANATION : This is a 15 Min time frame chart of NIFTY . Simple price action analysis SGX NIFTY 120 points down , then basically NIFTY is Gap Down opening . Wait for Right opportunity How market react on Demand Area ?? . If taking Support on Demand Area I will look to go upward .
SGX Nifty seems to be rebounding from the 50 moving average cluster on the daily time frame. As you may already know that 50MA/EMA plays an important role on the daily time frame. Another factor is that RSI is also curving upwards from 45 level, which is particularly a good sign. With SPX(US index) recovering over 2.5% since yesterday, and SGX getting support...
A broadening formation is a price pattern characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. Since we have been facing some volatility lately, the pattern seems to be developing. Also, the price is now trading below July month open, which puts the net longs above 15746 in the loss. This means that...
If you trade using moving averages, MA, or EMA, you may want to look at the 4hr chart of SGX Nifty. It already broke down the 200EMA. The price may try to recover this level ~15700. If it fails, we are probably going to slide to lower levels. The price is now trading below July month open, which puts the net longs above 15746 in the loss. This means that there...
There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily. SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level. The RSI is in oversold territory and there is a divergence on 4hr. I think this is a shakeout move before moving back up. Take positions...
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Just a funny thing :) nothing else also markets are bullish ;) we were long on 5 trades