Lets see what are the possibilities for comning days in nifty
Bullish View as we can see Inverted H&S in weekly and daily TF, As projected in the Chart above and below. Lets not forget that we have All time high near by and anything might happen at this point,
So we will consider bullish only once the high is broken and retested and sustained....
Given this targets and ranges on monday in our telgram channel l..
Reasons asking one to train his eye rather going behind logic initially is that once you run behind logic you will be thinking too much and overthinking leads to losses in market .. keep an eye on the structure and chart patterns and once you gain confidence over a pattern logic follows and...
This is just a possibility
Nifty Is being pushed up seriously to the highs, One who can understand option chain can see that for the past 2 days not even a single call option is being written, makes everyone believe market is heading UP ..
Added few Screenshots for understanding
Weekly Time frame
SGX Nifty
Banknifty
Nifty Levels for Tomorrow..
Trend : BULLISH
Sentiment : Negative
Expectation : Bearish Reversal
As expected Nifty tested 17700 level today but couldn't sustain above this level end of the day. Since Monthly resistance is also exist there.
For tomorrow, Nifty aligned with Negative sentiment but Bullish trend. If any Flat or Small gap up open around CPR level -...
Banknifty levels For whole week given in chart
As Long as price sustains below 33900 we are bearish and in a range market .. If at all price breaks above 33900 and sustains for 1hr
One can consider we have a breakout .... it is not going to be a easy ride more like a choppy or a slow momentum uptrend if at all we see a breakout
The market is trading in the range and if the market has to go down or up it has broken that range.
If 30 minutes candle closes below the 16080 level we may further down movement in the market.
For prices to go up, the price has to break the trendline and also the previous high.
Combining Pitchfork and harmonics gives better results .
Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and
17k is breached then we can clearly see stronger move down side .. and the target is given on the chart ..
thats where the D leg started for the Gartley pattern and the target for that swing can also be...
Today, Bank Nifty opened Gap-Down. Gap-Down opening is expected tomorrow, it seems that the price may take support at the levels of 32380-32450.One can enter at the breakout of the trendline.
✔️CHEMFAB🤍LAUNCH SOON
🤍 INTERESTING FACTS
🔹Stock in a multi year resistance zone.
🔹Interestingly increasing volume.
🔹Attractive Q3 result.
🔹Company has reduced debt.
🔹Company is almost debt free.
🔹Stock is trading at 1.11 times its book value.
🔹Company is expected to give good quarter.
ABOUT THE COMPANY✔️
Chemfab Alkalis is engaged in the...
NSE:BEL
Observations:
1) On 1day time frame,after 2 days of trading below 50DMA it managed to closed above 50DMA but it closed just below 21DMA.
21DMA is placed at 209.02
50DMA is placed at 207.65. 50DMA will work as support now.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, it made double bottom pattern. Immediate resistance is...
Nifty levels for tomorrow
Nifty given a breakout of channel and a retest is done .... suggested support and resistance on chart ... if you know how to trade with support and resistance .. use them
You can see the Support & Resistance levels for tomorrow on chart
Try to read price action at given levels ... on breakout or reversal u can entry long or short ...
Making profit in intraday is easy don't complicate it
![BANKNIFTY: Tuesday's Setup[BankNifty]](https://s3.tradingview.com/y/yBQ9KIIr_mid.png "Tuesday's Setup[BankNifty]")
![BEL: Simple Trade Setup | BEL | 14-12-2021 [ INTRADAY ]](https://s3.tradingview.com/k/Kyn4AsJS_mid.png "Simple Trade Setup | BEL | 14-12-2021 [ INTRADAY ]")
