Just a funny thing :) nothing else also markets are bullish ;) we were long on 5 trades
The pattern that is happening on the 4 hours chart looks like an M pattern as of now. These usually have a tendency to break down if the pattern completes its waves by touching 15440 again. This area is a very strong support but if the price action completes this pattern then touches this area, then a huge down move can be expected. For now, we have the support...
The demand zone and supply zone are marked clearly. Once the supply zone breaks, we can see a new ATH in Nifty.
SGX NIFTY View for 01-06-21 CMP:15640 Resistance: - 15700-15725 Support: - 15575-15500 Note: As per Yesterday SGX Nifty where it has able to close above 15500 which now act as immediate support for the upside rally towards 16000. Until and Unless we are able to sustain above 15450 current UP trend will be intact where it will go by forming Higher Top and...
The charts clearly shows short term bearish RSI divergence coming in the way of a Rising Wedge pattern on the Daily charts of SGX Nifty. Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji. These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue...
short covering is started on falling trendline breakout
A CLEAR BREAKOUT OUTSIDE CHANNEL.....WILL IT SUSTAIN AND START UPTREAD ......LETS WAIT FOR TOMORROW 1ST TARGET 15050 TARGET FOR MAY 2021 15340.....
SGX Nifty going to blast either side its just closed on edge
Failure to break 14900-15000 the price has again came within bearish range that is followed from March month., Breaking the friday low may start a bearish trend in nifty. ***** Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation. I believe in keeping the chart simple for easy...
Even close below 14200 happened next day it rebound, it is now creating an another range in the bearish side. A convincing break is required for a trend. Above 14500 things can get bullish till that time its bearish. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Strong Support breaked on 1hr time frame by SGX NIFTY, it take always support from that area 1feb to 20 april.candel closed downside , may market now in hands of bears.
Banknifty and Nifty is range bound on Friday. . As you know on today (29th March) share market is closed in India on the occasion of Holi. . But global market is open and SGX Nifty give the positive opening so maybe on tomorrow our market can open in a positive not. . Our Target is simple if Banknifty cross 33530, then we will buy CE for the target of 34000. . If...