We may see a bounce in dow jones because as we can cleary see a bulish abcd pattern in dow jones. but we have to keep that dynamic trend line in our mind, which is acting as a proper resistenece for dow.
T he Nifty ended lower for a third straight session on April 16, tracking weakness in global markets After opening lower, the index came down to the day's low around of 22080 The level of 22,000 may act as a Important support, while on the higher side, 22,260/300 may act as Resistance *For Education Purpose Practice and Learn price action setups
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 18-04-24 Retail will panic in bottom and start selling. After that a pullback/relief rally will start which may go upto 22300-22350. Exit all long positions near 22350. Create shorts near 22350 with sl 22530 tgt very likely to break current low (Which will be made...
#Banknifty:18th April Step1: if G/D or Flat use 47334 as STOP LOSS.Get long after first 75min. Step2: On G/U wait for dip to buy. SL 47334. Step3: 47655-R1 can book profit. Aggressive traders add more positions. Step4: Final Exit at 48288 - R2.
Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of...
18 APR 2024 WORLD MARKETS 1. US and Europe has turned bearish and Asia is also looking bearish. 2. This may be due to escalating tension between Israel and Iran. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 at 12.6. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank took support at 21 SMA and it has resistance at 1523. However the...
Price made a fresh all-time high on 10Apr24 at 22775. Price however has been dropping significantly since then, to a good support area. Most of the massive orders seem to be after-market orders resulting in huge gap downs. It seems like more buyers have already entered at the support zone on 16Apr24, resulting in a spinning top (both buyers and sellers are...
CNXIT breadth is 100% since 3rd May 2023 past 20 year this index is in parallel channel. after sideways movement can we may expect an upmove which will bring bear trap for current setup
If market opens with a gap tomorrow we shouldn't form our opinion to go bullish we have to wait for Friday's candle whether it closes in green or not.
Nifty 50 Next Target ANalysis Timeframe Day timeframe We can observe parallel channel. If break out happens on upper channel, we can expect a target of 25000 HOPE our analysis is adding value to your Trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the...
BNF is trading near the 1hr TF support of 474000. Also it to be noted that BNF has fall 1400 points from its ATH. Still BNF is trading near the support zone of 47400 & 47600. If BNF moves upward we will have a immediate resistance of 47800. Below are the resistance level to watch Resistance 1 48100 Resistance 2 48250 If BNF moves downward we...
BankNifty Analysis - Stance Bearish⬇️ BN managed to hold on to 47465 levels quite decently. All intraday straddlers would have had a decent day as there were no swings or whipsaws. We opened below the 47465 level but managed to close above it giving some hope to the Bulls. If we close above 47465 levels on the 18th, I might change my stance from bearish to...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Ideally, we need one more red candle below 22295 for some bearish safety. 22051 is the next support level which could be taken out pretty easily if the shorts pick up momentum." Nifty hits an intraday low of 22079 today and a decent recovery to end the day at 22177 (22147 weighted average close). Honestly,...
Diametric pattern – Understanding Nifty medium term pattern by applying the concept of Advanced Elliott wave – Neo wave theory to forecast the next trend. As shown on daily chart, prices are forming a Diametric pattern. This pattern is recognised in Neo wave as a 7 legged correction labelled as a-b-c-c-d-e-f-g and can take a form of either Bow Tie structure or a...
#Nifty chart shows at support. Whitin channel range. If breaks then support at 21800-21700. Upper range will be 23000
NSE:BANKNIFTY Forming a half bat pattern take support and shooting up..so do u r own analysis
NSE:NIFTY Forming M pattern take support that Zone so Do u r own analysis and tarde