NIFTY TREND THIS WEEK --09/11/2022 TO 11/11/2022
1. As seen on chart nifty has seen breakout candle at resistnace above 18100 on last closing daily candle successfully
2. Nifty can go towards 18400-18500 level next few session if sustained above 18200 level previous ATH can be tested .
3.if fail to sustained above 18100 -18200 nifty can fall to trendline...
NIFTY -- DAILY CHART -- NEXT WEEK AHEAD.
1. DOUBLE TOP formation seen at 18100 level from where nifty shap fall towards 17300 sub level last few sessions .
2. Double top formation at overbought level of RSI , shown trix line negative crossover at this level.
3. At next session 17150-17200 work as strong support level and if this support holds then nifty can...
NIFTY --DAILY CHART--DOUBLE BOTTOM --NEXT WEEK TREND --16/05/2022 to 20/05/2022
1. NIFTY seen Double bottom formation on daily chart at oversold level around 15750-15770 sub level , this is same bottom where earlier nifty rally from extreme oversold .
2. short term bounce is possible from current level around 400-500 points at resistance 16400-16500 level
3....
NIFTY DAILY CHART ---NEXT WEEK TREND SETUP .
1. AS we seen on daily chart nifty breakout 17450 level of resistance from strong uptrend 15800 oversold level and reach towards 18000-18100 level
2 From this resistance 18000-18100 nifty fall again around 17475 level where earlier resistance breakout seen, this level 17400-17450 will work as strong support in...
NIFTY TREND NEXT WEEK --HOURLY CHART - 04/04/2022 TO 08/04/2022
1. on hourly chart we can see journey of nifty where nifty bottom out around 15750 level till now 17670
2. Nifty made bottom formation at 15750-15800 level where RSI extremely oversold level as we seen . from then nifty bought consistently went to 17000 level . at 17000 level nifty made double...
CHOLAMANDALAM INV
SELL / Short below 590 levels for targets of 550 / 520 /500
SL would be 650 on a Daily Closing basis.
Note:-
In case of Gap Up or Gap Down; avoid above setup.
Above levels for education purposes only.
Do your own analysis before taking any trade.
Nifty Daily chart shows technical outlook how trade can be on this week.
Firstly using technical indicators we will see what will be downside and upside targets of nifty this coming sessions,
Technical indicators
1. Death cross of moving avg seen at 17950-18000 odd level, from there nifty fall at 16800 level, then take support & bounce back to 17500 odd...
Watch the CHRUSD / CHRINR Chart. Weekly trade Idea for this week. Near Small Stop loss. All Levels on Market Magic. For more details follow us on Social Media . TradeWorld1
