Price was falling for few days, now it has broken the trend line after consolidation for some time. Pattern : Trend line. Range : Medium. Trend strength : Normal. Buy Above : 21160. Stop Loss : 21120. Targets : 21200, 22240 and 22300. Sell below : 21080. Stop Loss : 21120. Targets : 21040, 21000, 20960 and 20920. Expected expiry day range is 20900 to...
"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
Nifty wave count and trend update In Daily time frame Ending Diagonal - Trend line yet not break
Support zone: 37300-37600. Dow should take support and should consolidate at current levels. Stoch RSI looks pretty sold out. If it cannot sustain this support due to any unforeseen circumstances next support is at 34122 which is highly unlikely. On upside first target is 38928, then 39913.
Nifty 50 chart shows the swing move to the ATH at 22775 and the correction thereafter on it. Its a 45 min timeframe chart. We started the move from 21715 and hit ATH at 22775 a neat 1060 points move on the index. Correcting downwards we hit the Gann 50% level in the gap down move. Backtested the 2/3 rd range and we now at the support of 1/3 rd of the range. One...
As we can see NIFTY can be seen heading towards important psychological level and also the trendline which had been acting as a SUPPORT since last month now. Now till NIFTY sustains itself above our trendline SUPPORT, every dip could be a buying opportunity but if fails to take support then we may see a panic selling in market so plan your trades accordingly.
Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the...
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Nifty Confirm Targets Nifty Importent Supports 1. 22080 2. 21930 3. 21810 4. 21710 Nifty Importent Resistance 1. 22180 2. 22280 3. 22330 4. 22380 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.92 ( Bullish) Max Pain As per Option Chain Analysis -...
Hello Everyone. Bank nifty was bearish previous day. If market opens flat or gap down then we can see continuation of bearish trend. If market opens gap up then we need to wait for resistance to be broken with a 15 minutes candle to take any CE trades, targets must be small.
BANKNIFTY Levels for Today Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL...
NIFTY Levels for Today Here are the NIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop...
Hello Everyone. The market was bearish previous day. If the market opens flat or gap down then we can see bearish trend continuation. If it opens gap up then look for retest and reversal trades only. Only if the resistance side is broken with a 15 minutes candle then only go for CE trades with less targets.
Bank Nifty Index closed below around 48500 level after Gap Down Opening In last session The index formed a spinning top pattern on the daily charts Outside the Range of 47200 to 47800, momentum is expected *For Education Purpose Practice and Learn price action setups
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...