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Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
NSE:NIFTY
by Nimble_Pesos
BankNifty Tidal Wave- Ride or Crash? 15th May 2023Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next few weeks with key & critical levels for better risk management. Last Idea - BankNifty's Danger -Is this a rising wedge
NSE:BANKNIFTYShort
by WaveTalks
10
Falling Wedge Pattern in Nifty and Breaking of 18000 supportNifty is forming a falling wedge pattern, there is a high likelihood Nifty may trade within this channel. During this channel, it may take support and resistance of 17800 and 1800 in between. In hourly chart, Nifty is trading below 50 EMA and 100 EMA which further confirms bearish pattern. How to trade this setup ? 1. Sell call option and choose strike basis your risk profile, risk averse trader should choose higher strike price. 2. Buy put option when there is bounce with weak candles near resistance You should not do - 1. Buy call option unless Nifty decisively break the 18200 levels 2. Sell put option must be avoided. Macros in favours of Bearish Pattern. 1. Interest Rate Hike by US, India (FOMC Minute) 2. Risk of COVID infection, hospitalization 3. DXY is rising creating pressure on USDINR rate 4. Policy related change in budget 2023, tax implications Happy Thursday :) Regards. TradeManthan Team Disclaimer We are not SEBI registered investment adviser, trade at your own risk. The above information is for learning and knowledge only.
NSE:NIFTYShort
by trademanthan
HCL tech multi timeframe analysis for swing trading in hindiHCL tech multi timeframe analysis for swing trading in hindi in this video i have shown, 15 minutes & daily chart analysis of HCL tech. and trade setup for next day 08/08/2022. you will get idea of where to short sell & where to put stop loss. i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern. i have also discussed about trendline, RSI diveregence & wyckoff method in real life example. basically i have shown, how to use technical analysis in real life. video is in hindi language. if you like or found useful, kindly like, subscribe & share. Disclaimer: only for learning, not trading tip. trade at your own risk. Hindi description: Swing trading k liye HCL tech ka multi timeframe analyis. maine is video me bataya hai k kaise trendline,reversal pattern aur RSI ka istemal real life me kaise kiya jata hai. is video me aap sikhenge ki double top/ triple top/ H&S ko kaise real chart par mark kiya jata. is video se aap technical analysis ko sahi tarike se use karna sikhenge. disclaimer: yah keval learning k liye banaya aur share kiya gaya hai, trade apne risk par kare
NSE:HCLTECHShort
by pankaj1614312