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Support and Resistance

Real-Time a "Price Rotation" on NIFTY with comprehesive study.A previous-Resistance & trendline R. still existed at 11783. I did not cover here penetration because I teach about it earlier. ---> Hit LIKE button to get the ALERT by notification. ------------------------------------------------------------------------------------------------------------------- WHAT IS "PRICE ROTATION" and all about it? Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area. It is generally caused due to trader indecisiveness Price movements are broken upon major news. The price rotation is the fair market value. The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand. Those type of value areas will offer extremely powerful support and resistanc e areas for future price action . In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade. I WILL WRITE ON THIS TOPIC VERY SOON : The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
NSE:NIFTYEducation
by Trade-Technique
5
How to identify Hidden divergence with the help of RSIThis example is bets suited for RSI hidden divergence. We all know double bottom or double top RSi divergence to identify trend reversals. But with the help of Hidden divergence we can find out trend continuation. Lets start !! - On 18 April stock is traded 411 and RSI shows the 51.29 reading . - But it break the support level and fall further. - it again renounce back to 411 level but this time RSI shows 68 levels which close to overbought region . - At present condition we have resistance level 412 also. - So we can Short it with the stop 412 on closing basis . Only Condition is stock has to be in same trend Down or Up See the Past example
NSE:DABUREducation
by be_chetan
8
Nifty OutlookHello, Please refer my Nifty Posts on Friday. As I mentioned in that post-Nifty moved 190 points downside. For tomorrow also my view is negative but if you are trading in intraday then don't think that you will get one-way fall. There is major support @ 11595 to 11610 and Major resistance @ 11685 to 11700. Also If Nifty break 11590 level then doesn't think it will fall one way. There is also major support @ 11530 to 11560 in this gap. If you have a short term view then the upside is capped buy still there is a juice left in the downside. The important thing is your perfect entry will decide your profit. Thank You :)
NSE:NIFTYEducation
by swapnilchoksi
What will be the next level in NIFTY?Hello, Nifty was taking support @ 11850 which is 18th April high and also its a 20 DMA level. Yesterday Nifty was not able to sustain above this level and closed below 11850. I think It's a first bearish sign. If Nifty will not sustain above 11850-11870 then another lower range will open which is 11850 to 11750 (11750 is August 2018 High). If you see the intraday chart then Nifty is making lower highs. There is a strong call writing on 11900 (OI: 21,88,725) and 12000 (OI: 2171400) another side maximum put witing on 11800 (OI: 10,78,125). So according to the data market is not in bulls control. AS I share the levels for the global market in my previous post. DJI and HSI are also not able to sustain above their major resistance levels. Yesterday currency closed @ 69.813 which is a breakout of its sideways zone. Thank x
NSE:NIFTYEducation
by swapnilchoksi
Micros And Global MarketMicros and Global markets always impact on Indian stock market. I am sharing some interesting data for Currency, Crud, DJI and Hang Seng. USDINR give a breakout on yesterday. It may test 70-70.16-17.36 levels in the short term. For the Brent Crud, $64 is major resistance. Above $64 it may be strong and below $64 it may test $60 - $58 levels. DJI major resistance is 26250 and Support @ 26000. below 26250 it may strong and below 26000 it may test lower levels. Hang Seng is in between major support range of 25500 and major resistance 26800. Intense to share this because these things can impact on Indian Market. Thank You :)
OANDA:BCOUSDEducation
by swapnilchoksi
Nifty OutlookAs I shared in my daily Nifty Outlook post I have mentioned that 11830-50-70 is a perfect level for buying. In the sideways market, should not take a very short term view, wait for a lower level to come and show courage to buy from the lower level. Today Nifty bounced from it's 20 DMA @ 11820. 11760 To 11850 is a major supports for Nifty on daily chat and Nifty is holding this support very nicely. So unless and until this support will not break my long term view on Nifty is positive. I don't prefer to trade Nifty for intraday but whenever It will come to its major support I will take an as a buying opportunity. Also if you observe US DJI is @ major support area which is 26050. If DJI will hold this support on closing basis then it will be a positive for the Indian market as globule prospective. Tomorrow If Nifty will hold these supports: 11860-11900 then my short term trades are 11960-12010 and 12040. 1st Fresh Buying Opportunity: If Nifty will sustain above 11900 2nd Fresh Buying Opportunity: If Nifty will come to 11860-11870
NSE:NIFTYEducation
by swapnilchoksi