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Nifty seems forming H&S - Target 23200 if breaks below 24688Nifty has completed left shoulder and head and now need to form right shoulder. 25500 seems strong resistance area and if it fails to cross this level and breaks below 24694(recent swing low) then it will be H&S breakout and it can slip up to 23200. Though it will have strong trendline support at ~24200-24300 area and if that breaks then 23300 is most likely to come. Diwali is also near and hence coming few weeks are interesting to watch. It seems sell on rise and booking profits (partial if not full) can be the strategy. Also this fall will be good opportunity to switch to quality stocks as they might get available at discounts. ** This is not a trade advise, please do your own analysis before taking any trade. Thanks
NSE:NIFTYShort
by brainyAccount81243
#Nifty directions and levels for November 14th.Good morning, friends! 🌞 Here are the market directions and levels for November 14th. Market Overview: There are no significant changes from the previous session. The global markets are showing a moderately bearish sentiment (mainly based on the Dow Jones), and our local market also indicates a bearish trend. Today, the market may open neutral to slightly gap-down, as SGX Nifty is showing a negative move of 30 points. In the previous session, the market continued its correction solidly. Structurally, today's correction is expected to continue if it breaks the previous bottom. Otherwise, it may consolidate between the previous bottom and the 38% Fibonacci level. A reversal could be anticipated only if it breaks either the 20-day EMA or the 38% Fibonacci level. Additionally, there are two sub-waves forming—a fourth consolidation wave and a fifth corrective wave—so today’s movement may reflect these structures. Let's illustrate this on the chart. Nifty Current View: > The current view of Nifty indicates that if the market undergoes minor consolidation or if it breaks the previous bottom solidly, then the correction is likely to continue toward the levels of 23435 to 23245. > Notably, if the market corrects, it could be a minor fifth wave; thus, there is a possibility of forming a diagonal pattern. If it forms and subsequently breaks out of the pattern, we can consider that a minor reversal to the upside. Alternate View: > On the other hand, the alternate view suggests that if the market initially takes a pullback, we can expect a maximum pullback of 23% to 38%. After that, if it rejects either the 23% or 38% Fibonacci level, then the correction will likely continue. > However, structurally, it could be a fourth sub-wave, so some consolidation could be possible between the previous low and the Fibonacci level of 38%. > Notably, structurally, it won’t break the Fibonacci level of 38%; in case it does, we can consider that a minor bullish reversal.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for November 14th.Bank Nifty Current View: The situation is similar to the Nifty structure. If the market undergoes minor consolidation or if it breaks the previous bottom solidly, then the correction will likely continue toward the level of 38% to 49283. Furthermore, a diagonal pattern is also possible; therefore, we can follow the same instructions mentioned in the Nifty sentiment. Alternate View: > The alternate view indicates that if the market initially takes a pullback, we can expect a maximum pullback of 38% to 50%. After that, if it rejects the 38% Fibonacci level, then the correction will likely continue. > The pullback yesterday appeared to be a solid candle, so if the market takes a strong pullback, it could easily break the 38% Fibonacci level. However, if the market breaks the 38%, we could consider that a minor reversal.
NSE:BANKNIFTY
by Manickamtraders
Nifty View Bounce and Break !Hello mates sharing a view on Nifty on daily time frame, So as we can see that after a good correction form all time highs now price reached to 200 Ema so let's discuss what are the probabilities we can see from here. Current View-: So it look like that price is taking support from 200 Ema as in yesterday's session price breached that but did not close below so we can expecet a bounce towards 24000 to 24500 then again price will make a lower high there and after came down for cracking that 200 Ema. Alternative view-: That Price will break 200 Ema directly from here as overall sentiments also seems not good and in favour of defend this moving average. if moving average will break then we can see a rally towards marked support zone below. 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. Best regards- Amit
NSE:NIFTY
by AMIT-RAJAN
10
Bank Nifty Under Pressure: Head-and-ShouldersNSE:BANKNIFTY has currently formed a head-and-shoulders pattern, indicating potential bearish sentiment. The asset has been showing weakness over the past few days. Additionally, a diamond pattern formed inside the right shoulder, which has also broken down. The 49650 level is a strong support line and serves as the neckline of the head-and-shoulders pattern. The market is slowly approaching this level, and if it breaks, the target could be as low as 46000. Meanwhile, Bank Nifty is approaching the 50 EMA on the weekly chart after a strong close on the 20 EMA. Overall, the indications point to a bearish outlook for Bank Nifty. Traders should remain cautious and monitor the market closely for any potential developments.
NSE:BANKNIFTY
by DragonFly-Trading
NIFTY Levels for November 14, 2024NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels for November 14, 2024BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:BANKNIFTY
by RainingMoneywithTech
My personal view on the Nifty 50 spot 235559.05 by Daily Chart v*My personal view on the Nifty 50 spot 235559.05 by Daily Chart view* - 2 nos of Gap Down Openings are closed - 2 nos of Gap Down Openings will get closed in next ATH creations process - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings - *Nifty 50 post hitting the ATH retraced and formed a Bearish Head & Shoulders pattern and pretty much has covered the depth by the neckline* - *Based on the Technical Chart Setup, we may now anticipate and expect to look forward for an upside reversal to happen from the Support Zone*
NSE:NIFTYLong
by PIYUSHCHAVDA
NIFTY INTRADAY ANALYSIS FOR 14/11/2024BUY ABOVE - 23670 SL - 23610 TARGETS - 23730,23820,23920 SELL BELOW - 23510 SL - 23610 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23510 to 23610 Previous Day High - 23820 Previous Day Low - 23510 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY- Intraday Levels - 14th November 2024Please check the levels on chart. My view (for your study and analysis only, also conside my analysis could be wrong and to safegaurd the trade risk management is must) Probably buy on dip . Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
#NIFTY - 14TH NOVEMBER NSE:NIFTY #NIFTY ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
Nifty Direction in the next few weeksThe chart shows the Nifty 50 Index's weekly price movement over the past few years, highlighting a key ascending channel. It appears that the index recently tested and broke below the channel's lower trendline, indicating a potential reversal or a major support level breakdown. The marked horizontal support levels around 24,302 and 21,556 suggest significant price zones to watch for potential recovery or further declines. If the breakdown sustains, the next key levels could be retested, but a bounce back above the trendline could indicate bullish strength resumption. This setup is critical for identifying trend direction and key support and resistance zones for traders and investors.
NSE:NIFTY
by S_Ghosh
PRE MARKET ANALYSIS OF NIFTY FOR 14 NOV 202414 NOV 2024 WORLD MARKETS 1. US markets are consolidating. Asia and Europe is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15.4 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong resistance at 1690 - 1700. Next support is at 1650. 2. ICICI BANK has resistance at 1260. Next support is at 1230. 3. Reliance has strong support at 1230 levels. TRADING PLAN. 1. NIFTY OPEN BETWEEN 23660 - 23460: Sell any rally to 23750 and break below 23660. Tgt 23450. 2. NIFTY OPEN ABOVE 23660: Wait for a consolidation between 23750 - 23660 and break below 23650 decisively. 3.NIFTY OPEN BELOW 24450: Sell any rally to 23650 levels. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
Nifty Levels 14 Nov 2024This Nifty chart displays several key price levels and zones with shaded areas, suggesting support and resistance levels. Here are the main observations: Resistance Zones: Multiple gray shaded regions at the top of the chart (around 23,767.80, 23,821.55, and 23,873.95) mark potential resistance levels where the price previously faced selling pressure and reversed downward. These areas likely represent strong resistance, as the price has bounced down from these levels multiple times. Support Zones: There is a gray shaded area near the lower half of the chart (around 23,561.35 and 23,546.40) where the price found support, rebounded, and moved upward. Additional support levels are marked at around 23,512.70 and 23,480.85, indicating zones where the price might find support if it declines again. Recent Price Action: The price has been in a downtrend, making a series of lower highs and lower lows. Recently, a reversal has occurred near the support zone, and the price has moved upward, indicating a potential short-term bullish movement. Current Price Level: The current price is around 23,602.90, slightly above a previous support level. This position suggests that if the price can hold above this support, it may continue to rise towards the next resistance levels. Key Levels: Notable levels include 23,660.40, 23,630.60, and 23,578.20. These levels can act as interim resistance or support in future price action. Overall, this chart provides a technical analysis perspective of the Nifty index, showing key support and resistance zones that could influence future price movements.
NSE:NIFTY
by chandrakamal
BankNifty Intraday Support & Resistance Levels for 14.11.2024On Wednesday, BankNifty opened with a gap down and saw sharp selling pressure in heavyweight stocks, plummeting over 1,250 points and hitting a low of 49,904.40—right into the key Daily Demand Zone highlighted in the last post. It closed at 50,088.35, down 1,069 points on the last weekly expiry. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned negative. As anticipated, breaking below 50,900 triggered a significant decline of 1,000 points. BankNifty did find support within the Daily Demand Zone (49,654.65 - 49,959.25) and bounced to 50,339.45 toward the session’s end. If this zone holds, we might see a rebound to 50,725 - 51,000. Notably, BankNifty has now corrected 4,563 points from its all-time high of 54,467.35, reflecting an 8.37% decline from the peak. Demand/Support Zones Key Support (Daily): 49,654.65 - 49,959.25 (current price within this zone) Far Support: 49,282.65 (61.8% FIBO Level) Extended Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Immediate Resistance (15m): 50,725.35 - 50,852.45 Higher Resistance (30m): 51,586.35 - 51,874.70 Major Resistance (Daily): 51,562.70 - 52,493.95
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 14.11.2024On Wednesday, Nifty opened with a gap down and, driven by heavy selling in major stocks, dropped to a low of 23,509.60, entering the key Daily Demand Zone mentioned in the previous post. It closed at 23,559.05, down 324 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. However, since Nifty has entered and closed within the Daily Demand Zone, if this support holds, we could see some bullish momentum toward the 23,900–24,250 range. It’s worth noting that Nifty has already corrected 2,767.75 points from the high of 26,277.35, marking a 10% drop from the peak. Demand/Support Zones Key Support (Daily): 23,350 - 23,667.10 (current price within this zone) Far Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Extended Resistance (75m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPal