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View on Nifty at monthly time frame since inception Hey everyone, This is just an attempt to understand Nifty Price action behavior in corresponding to market geometry since inception. will keep it simple. Time frame - Monthly Tool used - Schiff's pitchfork. ( points used are 1) inception low 2) high before 2008 crash 3) low of 2008 crash. ) The remaining are clones of the initial Market geometry. Observation- Whenever NIFTY50 reaches the upper redline (200% extension move) of the Schiff's pitchfork, a correction comes pushing back to Blueline (100%) before resuming the trend again Instances - ( Highlighted them in a blue circle in the chart) 1) Feb 2015 to Feb 2016 2) Oct 2021 to Jun 2022 3) Sep 2024 to ???? Point to note ----> the first 2 corrections , one took 1 year and other took 8 months but but but , this time the correction came so fast it already reached the blue line ( 100% retracement back). If the geometry has to hold at monthly level, no further correction will come from here. and maybe the head and shoulders correction is completed it guess ( my level was near 23200 and market came till 23368 levels) that should be good i guess, because when analyzing and drawing few points move here and there...anyway The major point is as per pitchfork geometry the correction level is over but the point to note is the time duration has not done yet. giving raise to 2 scenarios 1) Geometry has to fail and price come back to median levels ( less probability) due to fast selling this time. 2) Correction already over and market will begin accumulation and will not hit any ATH till the time duration is over , past observations are ( 8-12 months). ( high probability). Buying might have already started for next bull run. Stay strong till 34k to 35k levels. This is just a mere idea of market speculation, please contact financial advisor for your investment decisions. Happy Trading!!!!.
NSE:NIFTYLong
by dasgaaravishnu
2
NIFTY50 3-4% (700-900) points rally will come moreI think on Market now NO MORE SELLING TO COME in Coming days because market structure or price action shows the market will go UP. Today 23rd November Market is on Trendline if it breaks then our Target in the coming days will be 24800 SUPPORT ZONE: 23400-23500 STOPLOSS: 23400 Targets: Greenline T1: 24150 T2: 24450 T3: 24800+ Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
NSE:NIFTYLong
by NaveenTTR
Is This Upward Move Built to Last?Strong closing in Nifty on Friday at 23900+ level. We should see a strong gap up post Mahrashtra state elections results ! Expecting Nifty to give a gap up opening !! We should see a gapup and a small sell off / profit booking post which Nifty should settle around 24100 level for any further upside move. Nifty Resistance : 24200-24500. More upside will be only above 24500. Bank Nifty Resistance : 51400-51700-51990-52150. Support : 51150-50700.
NSE:BANKNIFTYLong
by Nimble_Pesos
Dollar Looks Vulnerable : Here’s My Take on What’s Coming Next!Price has recently taken out an Old High and has now reached an Imbalanced price range, which is more evident on the Weekly Timeframe. This move has presented buyside liquidity for sellers by taking out the Old High and simultaneously offered fair value by entering into an imbalanced price range (FVG / SIBI - 1W Timeframe). From here, price may now head lower towards the Draw on Liquidity, with Sellside Liquidity as the next objective, as shown in the chart. This is how I see it, though I’d advise you to do your own analysis.
TVC:DXYShort
by Vulnerable_human_x
NIFTY is bearish below 23263 - Nifty Bearish Level (Important)Nifty has found support at 23263 - please be aware to exit or reduce your positions if the suggested level is broken, you can also think of shorting the markets with a timeline of trade for 3 Months (that means, atleast stay in shorts for three months if as long as markets is below 23263). I strongly suggest you to save this post or remember the level which can prove to be very important opportunity for taking a trade. Please Like, Share & Boost if you think this post was helpful to you Thank you
NSE:NIFTYShort
by piyushbafna000
Professional TradingWhat Is Technical Analysis? Technical analysis is a method of evaluating statistical trends in trading activity, typically involving price movement and volume. It is used to identify trading and investment opportunities. Unlike fundamental analysis, which attempts to evaluate a security's value based on financial information such as sales and earnings, technical analysis focuses on price and volume to draw conclusions about future price movements. Key Takeaways Technical analysis is used to evaluate price trends and patterns and thereby identify potential investments and trading opportunities. Technical analysts believe past trading activity and a security's price changes can be valuable indicators of the security's future price movements. Technical analysis may be contrasted with fundamental analysis, which focuses on a company's financials rather than historical price patterns or stock trends. Technical analysis was introduced by Charles Dow.
NSE:BANKNIFTYEducation
by SkyTradingZone
Advanced Technical TradingWhat Is Price Action? Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analyses of a stock, commodity, or other asset charts. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions. Key Takeaways Price action generally refers to the changes of a security's price over time. Different looks can be applied to a chart to make trends in price action more obvious for traders. This is especially true when analyzing data covering different time periods. Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are also calculated from price action and projected into the future to inform trades. Though many use price action to forecast future prices, prior price action does not guarantee future results.
NSE:BANKNIFTYEducation
by SkyTradingZone
Nifty at 20 DEMA takes Resistance or Breaks Above ?.Nifty view for upcomming week what a firday we had rallied 500 plus points supported by IT, Pharma,Realty ,Banks and China also added to fuel up the rally ,Investors taken out money from china put into Indiana market. For the next week view both Nifty and Banknifty at and under 20 DEMA on daily front ,we are still 9 % down from recent high's 50 and 100 DEMA about to cross over if that happens most of the time structure follows to downside since dema's are above price anticipation is to down side. Key levels to watch for :- 24100,24300,24400 above 23500 and 23300 below How to recognise DEMA's on chart posted. Green line 20 DEMA Red line 50 DEMA Blue line 100 DEMA White line 200 DEMA
NSE:NIFTY
by rakeshreddym
5
Nifty Weak AheadNSE:NIFTY gave a big green candle for possible signs of reversal but too early to comment as of now stay neutral with big election results coming in on Saturday currently respecting 200 DEMA and 50 WEMA a close below it will confirm a fake reversal. Wait and Watch. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:NIFTY
by Karanshah137
is nifty out of the woodsNifty has shown a meaningful correction from the top, with todays big candle, the question is ,whether nifty has reversed?. In short till nifty is below 24600, we cant assume a reversal. As per chart nifty took trendline support of 23265 and reversed to 23930. Now, it can go upto 24026. If that is not sustained again short trend will built. Below 23200, 2200 will follow then, as nifty will try to take support on monthly trendline. These are hypothesis, some events can also change the trend, like regional election , war etc. Consider loading quality stocks on the dip
NSE:NIFTY
by casualtrader_ct
BANKNIFTY View Bounce and Break !Hello mates sharing a view on Banknifty on Weekly time frame, So as we can see that after a good correction form all time highs now price reached to weekly support level. NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. I will try my best to update this publication for a bounce or a break too stay tuned. Hope you like my idea, Thanks in advance.
NSE:BANKNIFTY
by MISSION_TRADING
2
Long Strangle on BankNifty for December 2024Hello Everyone, here is my take on the Banknifty for the month of December 2024! In this video, I have analyzed the past 6 years of action in December and how market has played out. Taking a deeper look into the volatility, price action, and identifying the best strategy to play in December 2024. Why you should not play directional? While directional trading can yield substantial rewards, the risks, psychological strain, and low probability of consistent success make it a challenging strategy. Focusing on strategies with a higher margin of safety, diversified approaches, and non-directional trades can often lead to more sustainable and less stressful trading outcomes. Always prioritize disciplined risk management and a clear trading plan over speculative bets. Why Long Strangle is best for high volatile market? The Long Strangle is an excellent strategy for high-volatility markets because it leverages significant price movements while capping potential losses. Its simplicity and ability to profit from directional uncertainty make it a go-to choice for traders expecting market turbulence. Key Considerations: High Premium Costs: Implied volatility can make options more expensive. Ensure the expected price move is large enough to offset the premium cost. Breakeven Points: Calculate the breakeven levels (strike price ± total premium) to understand the range required for profitability. Timing is Crucial: Enter the position when high volatility is anticipated but has not yet fully materialized, as option prices might still be reasonably priced.
NSE:BANKNIFTYLong
by SathishChandrasekaran
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk. For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level. It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade? *** Nifty is currently above neckline please wait for confirmation ***
NSE:NIFTYShort
by Arvind_Share_Academy