Another parallel channel formation seen (falling channel) on Nifty Spot....if this breaks out we could see a retest of recent highs to make fresh ATH sooner..
This is not a trading recommendation. Pls consult your financial advisor for proper guidance.
Price gave good movement on thursday. Important levels to watch are 22300 and 22500. These levels can act as strong support/resistance.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22360.
Stop Loss : 22300.
Targets : 22420, 22460 and 22500.
Sell below : 22240.
Stop Loss : 22280.
Targets : 22200, 22160 and 22100.
Check the...
Nifty has formed bullish head and shoulder with clear breakout. But we forgot to publish before the breakout. Hence we are not participating in Bullish Head and Shoulder Chart Pattern.
Nifty new target would be 23500 and 23800.
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...
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...
Bank Nifty also reflects similar sentiment. Gift Nifty is indicating a gap-up start, suggesting potential consolidation initially. After that, if it breaks the previous high, we can expect the rally to continue. Alternatively, if the gap-up is not sustained, we can anticipate a minor correction initially. If it finds support around the 38% level, it may form a...
Good morning, friends! Here are the directions for April 1st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a similarly bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +40 point.
Nifty has recently rejected nearly all-time highs. I...
NSE:BANKNIFTY Bullish Bias, small gap up or at previous close. Green day.
Open: small gap up or at previous close. Supper Bullish Bias. Should retest previous Close, if broken could go further low. Should end in Green. Could be in previous range as highlighted. Should retest previous High if broken could see further high.
Note: I am experimenting with a Gen AI...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 01-04-24 More Volitality
Stop loss for holding longs is 22150 (on closing basis)
For New position :
for Upside : Buy Nifty above 22360 Stoploss 22294 it may touch
22380---22413--22467---22553---22603---22693
for Downside : Sell Nifty below 22294 Stoploss 22360...
Writing on a April Fool Day is always challenging task. Index recovery has been smooth from the low on 20 Mar 2024 end of Gann Annual Cycle March 23/24. We have recovered two-third of the range. We see a double top at 10562.75 which is level to watch on the upside. Again we see a double bottom on downside at Gann Level of 10493.10 which isthe centre of gravity on...
Hello Traders
This is for 1-3 week timeframe
Upside No targets Blank page for now 25000 could be opened up
Downside Short below 22150 Target 21600
Plot is mentioned on the chart
Stay safe.. Trade according to your risk profile.
Let me know if you agree or disagree in comments... Looking forward
Best Regards
Hello everyone👏
It's again a new week's starting.. Multi time frame analysis..
Please hit 👊the like button & boost my post to spread the knowledge📚 😉
On Thursday it's a bumper monthly expiry for Nifty 50.. Again touch 22500 levels & closed around 22330..
Monthly tf
*** bullish candlestick, rsi in bullish territory, uptrend, & momentum positive
Weekly tf...
Bank Nifty is forming head and shoulder pattern in daily timeframe and also forming symmetrical traingle pattern. Here are some levels for your knowledge.
I am not SEBI REGISTERED analist, this is only for educational purpose
Bank Nifty forming symmetrical traingle pattern in daily time frame,
So be carefull in next trading session. It can go upside either downside. Here are some levels for your knowledge.
I am not SEBI registered analist,
This is only for educational purposes
As we can see NIFTY rallied over 300++ points after the breakout of inverted head and shoulders pattern and got rejected exactly from our trendline now until the trendline is breached above we are bearish and expected to remain sideways to negative so plan your trades accordingly.
FINNifty has shown strong Recovery above 20800 level in Last week
Outside the Range of 211 50 to 20700 if sustains, momentum is expected
In bw Range look for Patterns confirmation
* For Education Purpose
Practice and Learn price action setups
Hello Traders, Welcome to SriTrader5121
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Overall view for the day.
Buy - with support of Important / Support
Sell - with rejection of Important / Side-ways-zone
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121 ...
Bank Nifty Prediction for Tomorrow
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BULLISH
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance...
