NSE:NIFTY Weekly Analysis!
NIFTY50 Long term Analysis!
Nifty is currently trading at its resistance levels. I have marked all the essential levels on the chart, please go through it.
Resistance Level = 18876.90
Support 1 = 18609
Support 2 = 18370.85
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate...
FRIENDS IOTEX take a long same support and making double bottom pattarn this is good sign of buy and take some good profit in your portfoliyo but always remamber SL is very must and the risk reward ratio is 1:2 and as you much and take risk is your own anlaysis thank you and god bless you
SRTRANSFIN looking good as stock shown good rally and now taking support at all previous all time high
looks good if breaks above trendline
(Stocks showing same structure as Ingresoll rand -- see that idea too for reference )
As you can see in the chart stock touch the 275 two times and then break the support in the past.
Again stock is trying to repeat history, POLYCAB two times touched the level 275.
So for tomorrow if stock goes up and then again make a red candle you can short this trade for the target of 2335.
What's your view on this comment below in the box
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🔰Watch the stock carefully :)
🔰Once you see a good breakout above this line (the pink one ) A good setup is initiated there
🔰DAY candle only ( strictly educational purpose ) :: A tip :: close above the line only on 3:20 pm would be a good setup creation :)
🔰Happy trading everyone :)
🔰 MY thought process :
⭐Taking multiple support from lower trendline on D chart = strong support uptrend :)
⭐If it breaks the above trendline on 1hr = a good long till the near TOP, if it sustains those areas next target will be Target-2
⭐Risk: below that power candle
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted...
TITAN has breached resistance and expected to touch 1159 to 1175 targets. Previous resistance expected to act as support.
RSI is trading above 70 which shows momentum and bias towards buying strength.
View negated below 1125 on hourly closing basis.
Kindly do your own research before taking trading decision.