15-minute support and resistance levels for NIFTY, which I use as context for my larger, single stock breakout and reversal intraday trading setup. I try to share next-day stock and index levels, as well as results, to benefit the community. If you or someone you know may find this information useful, please feel free to share, comment, follow or get in touch for...
Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on Hello Everyone, Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles. Any last minute update will be done on our tradingview live links. I hope you are enjoying my...
Nifty has formed a M pattern on the hourly charts and closed below 22k levels. It has closed around the 20 ema on the daily charts. If there is a gap down opening, another selling can be seen in the market. In case there is a gap up to flat opening, wait for the price to breach below the support zone. Major support levels :- 21920, 21830 Tomorrow is the...
Banknifty has given a nice bearish move today and closed around the day's low. The market was trading in a range for last two trading session and gave a good momentum after a break down. There is a bearish sentiment as the market has closed below both the moving averages on the hourly charts. Tomorrow is monthly expiry for the indices and if there is another...
May see some recovery in Nifty 50 Price may retrace till 68%
Nifty 50 Technical Analysis - 29th February 2024 ## Overview Nifty 50 has demonstrated remarkable alignment with previously identified support and resistance levels, providing valuable insights for traders. Let's delve into the levels for tomorrow's session. ### Support Levels **1. Support Level 1: 21,900** - A foundational support level that may influence...
Bank Nifty Technical Analysis - 29th February 2024 ## Overview Bank Nifty has recently aligned with previously identified support and resistance levels, offering valuable insights for traders. Let's delve into the levels for tomorrow's session. ### Support Levels **1. Support Level 1: 45,910** - A crucial support level that, if surpassed, may lead to a...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Nifty IT remains weak below 38040. Trgs on chart. Expecting 36689. Probable trend change dates also given. Mark H/L of these dates. Angles are plotted based on some Gann technique. View is not a recommendation to trade.
Nifty formed a big range of between 21900 to 22300 , better to wait for tunrning points where market is reacting sharply either on support or resistance, providing with support and resistance levels below on those with price action one can take entry. Support are 22180,22110,22050,21950 Resistance are 22250,22300. Both metioned support and resistance can act...
Banknifty levels to trade with Support and Resistance strategy, if bank nifty sustains below 46700 it will test 46500 to 46400 area downside.And above 46900 sustains it wil test 47050,47150,47200,47300 on higherside. Major Support 46500,46400 area Major Resistance 46150 -46300 area I have done some anaylysis on Nifty Private bank also it will effect the...
this impulsive momentum in nifty will carry the spot to 22380 -22450 with the immediate support around 22050 bank stocks adding strength to the index
#nifty50 : It has already been shared. Re-sharing to tell you that keep riding on good stocks and it is time to revisit our PF for better alignment with valuations and overall market trends. Go and Nogo should be followed.
Nifty is following the Trendlines since 24jan, making Higher High and Higher Lows, lets see if it respects the Trendline and reversal happens from here. 2hrs time frame chart. For my learning and digital records purpose only.
BN TRG 46010 / 45478. BN remain weak below 46700. Bias down . Angles are plotted based on some Gann techniques , they work similar to support & resistance. Will update EOD.
with context to previous count, I think Nifty completed minor wave ii, now anticipate a move towards 22250. Once this resistance is breached we can see a swift rally towards 22650 in short term as minor wave iii.
Price moved along with the trend line today and now it has broken it, consolidation range is forming. Trend deciding zone is 46580 - 46620. Pattern : Trend line break out. Range : Medium. Trend strength : Normal. Buy Above : 46620. Stop Loss : 46540. Targets : 46700, 46780, 46860, 46940 and 47040. Sell below : 46400. Stop Loss : 46480. Targets : 46320 ,46240,...