Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize...
Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how...
Disclaimer - I might be completely wrong today, as I've Bearish sentiment even after such a wonderful retracement.
I expect NSE:NIFTY to open flat and trade in a range before falling down till at least 18100.
It's just my analysis, do your own before traing/investing.
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Price action patterns are hidden ... All you need to do is to identify them
This pattern is broken in the last trading session and i'm no ware expecting a retracement at this level
If we did get to see a retracement point it could possibily be around 17800 ish..
always remember .. Identifying pattern is different and trading the pattern is different.
Once you...
First thing first : This is a probability as the patterns are not yet completed ...
On a weekly timefram we can see a H&S formation in process which is also the same in daily Timeframe. nothing much to say about that as long as we dont see one more bearish bar closing below.
Coming to confluence in lower timeframes.. 1hr Timeframe.
Crucial Pattern to look for...
Structural Analysis :
We know that there will be minor patterns within the major pattern, In the above chart we can see there is this minor pattern which is a bearish gartley in formation.
Though this pattern is not yet confirmed, we can anticipater the probabilities, only if the price crosses the level 17500, the target will be 18030 and this...
#Nifty analysis.. nifty are follow price action and tomorrow nifty need to touch 18011 zone then we should wait for pull back then we can go for CALL(CE) First target 18080,18131,18234.. if the market break 18000 zone then we can go for PE(PUT) FIrst target 17957,17922,17891...
#BANKNIFTY ANALYSIS... there is NO fresh entry in market are conolidate 42500 to 41900 zone today Market show some bullish sign which means tomorrow might be gap up. if market break 42336 zone then we can GO for CE(CALL).First target 42426 ,42505,42598,42687. If the market break 42252 zone then we can go for sell PE(PUT) First target 42205,42166,42069,42051...
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....
Nifty is standing just above a strong support of 18493.
if nifty moves above 18493 then it may also cross 18547 and may reach 18599.
between 18599 to 18651 is an Extremely strong resistance.
if nifty crosses over 18651 then it may also cross 18700 and may reach 18753.
if nifty moves down below 18493 then it may also cross 18444 and may reach to the level of...
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.
