This pair is trading in a clearly defined bearish channel, and the current price is close to the resistance trendline.
One warning sign in contrast to the overall bearish picture is perhaps today's (Thursday) rather bullish candle. However, since the price is still below resistance, the downtrend remains intact and additional bearish signals that appear here...
Nifty 50, Will be Heading towards 12000 again, trying to break 11200. If fails to break 11200 then next support at 10600. Small but Important resistance levels also marked in study chart.
This is my own study, please do your study before taking any trade.
Keeping it simple, long term supports and resistances are marked in the chart.
The selling pressure is high as foreign investors are pulling out of the Indian markets and the government acting against the market's expectations among other reasons. The sentiment is bearish. If nifty breaks the current uptrend, then we're looking at 10500/9950. In case of a...
NIFTY50 will most probably find support around the trend line. Wait to buy when it forms support around the trend line. If it breaks the trend line it may find next support around 11426 as it might fill the gap. WAIT FOR SUPPORT OR BREAKOUT AROUND THE TREND LINE. ALSO, support is present at 11360.
If the trend line breaks the first target can be 11426, the second...
CHECK MY BUDGET DAY POST FOR EARLIER WAVE COUNT..
from recent budget day high 11981 it seems that nifty has completed wave (A or 1) at 11881, wave (B or 2) at 11944 and its in wave (C or 3). In (C or 3) wave i, ii, iii and iv is already completed and maximum limit for wave v is coming at 11773. so from there we can expect 23-38%(of 11944 to recent low below 11798)...
If BTC crosses 8500 level, the next resistance will be at 9400 which it needs to crosses to reach the 12000 zone as marked in blue areas. the up trend is also confirmed by MACD as it is not showing any divergence.
SELL CMP 571
ADD MORE AVERAGE NEAR 620
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banknifty as near to strong support, this level not easily cross by banknifty as per market condition. Rupis (RS) is strong againts Dollar and also FII is strong, and important thing is some experiance researcher say banknifty goes up to 35000 in near two months, banknifty goes down 300 point and more and after it level be resistance if banknifty crossed this...
A new trend has emerged with a breakout and retest from the previous downtrend line signalling a new change in trend for the short term.
Expect the price to continue with its Higher High- Higher Low trend support!
Bitcoin has risen from $3121 to $4250 in 5 Elliot Impulsive Waves. By the time we reached $4250, the Bullish momentum has ran out. RSI was oversold and also StochRSI showing weakness in Bulls.
Since then, we're in ABC Zigzag correction. Currently, we're in C wave and possible target would be $3550 which is also 0.618 Fib level of this overall Bullish rally.