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NIFTY50-pain in short term & reward in long term ....NIFTY50 : 23572.30 NIFTY is in Primary Bull cycle phase (on weekly charts) and in middle of Wave -3, which should take the NIFTY at levels of 33k-43K & finally 55K in next 2 years’ time frame . On immediate basis (on daily chart basis) chart structure suggest it has entered Intermediate level wave -4 correction. Nifty at its crucial support of 200 Simple Moving Average, and on the weak footing. If nifty doesn’t hold these levels, it will open the downside till 20420 levels . Chart structure suggest that still downside risk is open. The support levels are listed below 200 SMA placed @23542 S1- 22557; S2-21675; S3- 20420 Currently Nifty is in price correction mode which suggest it to last till Jan 25, and if followed by time corrections, than Fibonacci level suggest the these correction may last till another 2 quarters (Q1 FY25).
Editors' picks
NSE:NIFTY
by DrPrashantVerma
7
Nifty 50 Completes Decadal Impulse Wave 5.Nifty has completed Elliott Impulse Wave cycle that began in 2008 And Awaits Correction Waves that should follow for decent future run up.. 0.5/0.61/0.78 Fib retracement is Possible, Which Will bring Nifty to 17000 Level.. 2025 2026 Crisis is about to Begin.. Mark the Level 24k to 25k If this zone is Respected, Then This Correction may begin with full throttle taking Nifty to 18k 17k Very soon.. Our previous Idea has seen the 26250 level being tested and respected strongly! Make your Decisions Consciously after going through previously posted idea linked here.
NSE:NIFTYShort
by DrAnandM
Nifty Week AheadNSE:NIFTY entered successfully into the correction zone this week breaking 200 EMA. Marked Major Support and Resistance for Nifty Week Ahead. 50 WEMA Will be Crucial. Currently Trading Below 200 DEMA, with a P/E of 21.60 down 10.44% from ATH. 📌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:NIFTYShort
by Karanshah137
How moving average works on chartsHello mates sharing a view How Moving Averages Work A moving average works by calculating the average price of a security over a specific period of time, and then updating that average as new price data becomes available. The purpose is to help eliminate noise (short-term price fluctuations) to provide a clearer view of the underlying trend. Types of Moving Averages Simple Moving Average (SMA) Definition: The most basic type of moving average. It is calculated by taking the arithmetic mean of a security’s price over a specified number of periods. Formula: SMA=Sum of closing prices over a periodNumber of periods SMA=Number of periodsSum of closing prices over a period​ Example: A 10-period SMA adds up the last 10 closing prices and divides by 10. As each new closing price comes in, the oldest price is dropped, and the new price is added. Use: The SMA smooths out price data and provides a basic view of the average price over the chosen period. Exponential Moving Average (EMA) Definition: A more sophisticated type of moving average that gives more weight to recent prices, making it more responsive to price changes compared to the SMA. Formula: The calculation is more complex than the SMA but it’s designed to give more emphasis on the latest price data. Use: The EMA is often preferred in volatile markets because it reacts more quickly to price movements, providing more timely signals. Weighted Moving Average (WMA) Definition: Similar to the EMA but with a simpler calculation. It assigns a specific weight to each data point, with more weight placed on the more recent prices. Use: Like the EMA, the WMA is more sensitive to recent price changes compared to the SMA. Common Periods for Moving Averages Short-Term (Fast) MAs: 9, 10, 20 periods (e.g., 10-day or 20-day SMA or EMA) Medium-Term MAs: 50 periods (e.g., 50-day SMA or EMA) Long-Term (Slow) MAs: 100, 200 periods (e.g., 200-day SMA or EMA) Key Uses of Moving Averages Trend Identification Uptrend: When the price is above the moving average, it signals an uptrend. Downtrend: When the price is below the moving average, it signals a downtrend. Sideways (Neutral) Trend: When the price moves sideways and stays close to the moving average, this indicates no clear trend. Support and Resistance Levels Moving averages can act as dynamic support and resistance levels. In an uptrend, the price might repeatedly bounce off a moving average, using it as support. In a downtrend, the moving average might act as resistance. For example, in a strong uptrend, the 50-day or 200-day moving average might act as a support level, where price tends to pull back to and then bounce up again. Crossovers (Golden and Death Crosses) Golden Cross: A bullish signal occurs when a short-term moving average (like the 50-day SMA) crosses above a long-term moving average (like the 200-day SMA). This is seen as a confirmation of an uptrend. Death Cross: A bearish signal occurs when a short-term moving average crosses below a long-term moving average. This is seen as a confirmation of a downtrend. Momentum and Buy/Sell Signals When the price crosses above a moving average: This is often considered a bullish signal, suggesting that an upward trend could be starting. When the price crosses below a moving average: This is typically a bearish signal, suggesting a potential downward trend. Smoothing Volatility By averaging out price data over a set period, moving averages help reduce the "noise" of daily price fluctuations and provide a clearer view of the overall trend. How to Use Moving Averages in Charts Plotting Moving Averages: On most charting platforms, you can easily overlay a moving average by selecting the tool from the indicators list and choosing the period (e.g., 50-day or 200-day). Adjust the Time Period: You can experiment with different time periods to adjust the sensitivity of the moving average. Shorter periods (e.g., 10-day) react faster to price changes, while longer periods (e.g., 200-day) provide a smoother, slower-moving trend line. Example of Using Moving Averages Trend Confirmation: If the price is consistently above the 50-day moving average, the market is likely in an uptrend, and you might look for buy opportunities. If the price is consistently below the 50-day moving average, the market is in a downtrend, and you might look for sell opportunities. Golden Cross (Bullish Signal): Suppose the 50-day SMA crosses above the 200-day SMA — this is the "Golden Cross," a classic signal that suggests the start of a strong uptrend. Traders may start looking for long (buy) positions. Death Cross (Bearish Signal): Conversely, if the 50-day SMA crosses below the 200-day SMA, it forms a "Death Cross," signaling a potential downtrend, and traders may look for short (sell) opportunities. Using Moving Averages as Support/Resistance: In an uptrend, the price might pull back toward the 50-day moving average and then bounce back up. This makes the 50-day MA act as a dynamic support level. In a downtrend, the price might approach the 50-day MA and then reverse downward. This makes the 50-day MA act as a resistance level.
NSE:NIFTYEducation
by MISSION_TRADING
Dow Futures Trading Strategy for 15th November 2024Dow Futures Trading Strategy Current Price: 43888 Key Trading Levels: Buy Signal: Close above 44,225 on the one-hour candle Sell Signal: Close below 43,800 on the one-hour candle Strategy Overview: Buy Strategy: Trigger Level: 44,225 Action: Enter long positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 44,400 and 44,500 Sell Strategy: Trigger Level: 43,800 Action: Enter short positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 43,600 and 43,500 Market Insights: The price is currently at 43888. Key support and resistance levels to watch are between 43,800 to 44,200. Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
How to draw support and resistance level on chart1. Identify the Trend Support: This is the price level where a downtrend can pause or reverse. It occurs when buyers are expected to step in and push the price upward. Resistance: This is the price level where an uptrend can pause or reverse. It occurs when sellers are expected to step in and push the price downward. Key tip: The more times the price touches a particular level and reverses, the stronger the support or resistance. 2. Locate Significant Highs and Lows Support: Look for the lowest points where the price has previously bounced. These are the bottoms where price failed to drop further. Resistance: Look for the highest points where the price has previously been unable to break through. These are the tops where price failed to rise further. Key tip: You want to find significant turning points — areas where price made a sharp reversal. 3. Use Horizontal Lines to Mark Levels Support: Draw a horizontal line along the most recent low or lows where price reversed or consolidated. This will mark the support zone. Resistance: Draw a horizontal line along the most recent high or highs where price reversed or faced rejection. This will mark the resistance zone. Key tip: You can use multiple points to validate a support or resistance level. If a price has touched and reversed at the same level multiple times, it becomes more reliable. 4. Adjust for Areas (Zones, Not Just Exact Price Points) Often, support and resistance are not exact price points but zones where price action tends to cluster. For example, if a stock often bounces between $100 and $105, you might draw a support level around $100-105 rather than at one specific price. Key tip: Consider the range of price movement around these levels. Drawing the lines as zones can provide more flexibility for trading. 5. Look for Volume Confirmation High trading volume near a support or resistance level adds strength to the level. A breakout or breakdown accompanied by high volume suggests that the level is more significant. Key tip: Pay attention to volume spikes when the price approaches key support or resistance levels. This may indicate that a breakout or breakdown is imminent. 6. Dynamic Support and Resistance These levels are not always static. Trends can create dynamic support (in uptrends) or dynamic resistance (in downtrends), where support or resistance is aligned with trendlines or moving averages. Key tip: In trending markets, you can use tools like trendlines or moving averages (like the 50-day or 200-day moving average) to spot dynamic support and resistance. 7. Check for Price Patterns Price patterns such as triangles, channels, or head-and-shoulders can also help you identify key support and resistance zones.
NSE:BANKNIFTYEducation
by MISSION_TRADING
NIFTY View Bounce and Break !Hello mates sharing a view on Nifty 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:NIFTY
by MISSION_TRADING
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY DXY is currently trading at 105.57 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 105.57 I will add more position if 106.00 comes & will hold with SL 106.30 Targets I'm expecting are 104.75 - 104.30 - 103.73 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
Dow Futures Trading Strategy for 14th November 2024Dow Futures Trading Strategy: Buy Above 44,300 / Sell Below 43,930 Current Price: 44,120.00 USD Key Levels: Buy Signal: If the price closes above 44,300 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 43,930 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 44,120.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 44,100 to 44,200 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 44,300 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 44,500 and 44,600. Sell: If the price breaks below 43,930 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 43,800 and 43,700. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
NIFTY 50 - HEAD & SHOULDER - WEEKLY CHART.NIFTY50 is making Head & Shoulder pattern at weekly chart. 23350 is a Strong Support, it is at an old lower trendline Support too. We took the support at this lower trendline even on 4th June - Election Result Day. Before that in the last week of October 2023. Since 10% correction has already happened so there is strong probability of a Reversal from this level(23350), but in case Nifty breaks this level then there is a probability of it going down further, here I am just keeping the current market scenario/trend in mind. Nifty is touching the 200ma at Daily chart. The ultimate support 21280 is almost equal to the depth of ascending channel, 21280 level means almost 20% correction in Nifty. There is no exact date in case Nifty goes down, no one can predict that. Support: 23350, 22775, 21800, 21280. 14nov 2024. This is for learning and educational purposes only. Please consult your financial advisor before investing.
NSE:NIFTY
by SatpalS
SPX500USD GANN LEVELS TO WATCH FOR NOV 2024...SPX500USD Index had a hurdle at 5910.70 which was crossed 06 NOV 2024. Next level to watch was 6016.90 the same was hit on 08 NOV 2024 ( Gann date). We have achieved a minor target in the new cycle. Index stays positive above 5910.70 for growth to continue. Major supports on the Index till 5698.20. We will be consolidating in between these two levels given above. We have cluster resistance arounf 6087.70 and 6123.20. Nov 12, 2024 was date to watch we got a ATH near it. Next dates watch are Nov 20/22, 2024 for Nov 2024. Happy Trading !!! N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
OANDA:SPX500USD
by kbr9121965
Nifty levels - Nov 18, 2024Nifty 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 in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe