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NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024 - Trading outside the channel as of now - The Resistance & Support Zones are marked out - This should help choosing our Swing Trades as well If you are in FOMO: - Then ensure to choose stocks that are at Weekly support levels only - Do not jump into falling knives which are away from their support levels Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades. * Disclaimer
NSE:NIFTYLong
by TradeRyteStockz
INDIAN HOTELS - Swing Trade Analysis - 8th June #stocksINDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress Please Note: - Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing - If not, then it automatically gives us a small SL and you can pyramid into as it rises * Disclaimer
NSE:INDHOTELLong
by TradeRyteStockz
June 2 weekly Analysis Hi, this is shanjeev, Weekly Analysis, * From starting of the year 2024 nifty was trading in between this channel pattern, It's almost 5 months, finally the nifty had breaks the resistance but still you can see the resistance at all time high, * If coming week nifty breaks the all time high then you can see the bullish move * If it reverse from the all time high the it will trade in between the channel pattern, Hope you guys learn something.. Thanks,
NSE:NIFTY
by ShanjeevOptionTrader
18 Jan ’24 — FIIs sold 20000 CR in 2 days, Nifty50 in trouble?Nifty Weekly Analysis Between the last expiry and today, Nifty has only fallen 191pts ~ 0.88%. This does not seem to showcase what really happened during this week. We hit a new lifetime high of 22124 and then fell 839pts ~ 3.8% in 2 days. Something that we rarely see with Nifty. 16mts chart Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “Yesterday Nifty was at the top end of the ascending channel and today it closed right at the bottom end. From 26th Oct 2023, Nifty has always respected the bottom part of the ascending channel. The next support comes up at 21491 and falling below that would also mean we are breaking the channel.” 4mts chart The gap down ensured we broke the support at 21491. Further price action suggested that we may have some deep cuts today, but strangely Nifty reversed right at 10.00 at 21285 level. Not sure whether it was DIP buying, but we went past the resistance zone of 21491 by 11.59. Nifty did not have enough strength to get back into the ascending channel - but it managed to close near the SR level showing some respite. FIIs sold over 20000 crores of equity over the last 2 days. When was the last time we had this high volume of selling? 20-25k crore is the approx. volume of transactions they do for a whole month - we got that in 2 days. What do they know that we retail traders don't? 63mts chart Today’s price action has confirmed that the channel is broken, but not the support/resistance of 21491. If Nifty trades above 21491 in the morning session - the bears may really feel abandoned. Ideally, the next stop should be 21041 - that was where Nifty bounced off from the trendline on 21st Dec 2023. Our stance continues to be bearish until proven wrong.
NSE:NIFTYShort
by viswaram