nifty levels...20/08/2020 (1hr Candle)
EWT formation... If starts retracing then it can go down till 10,800
Yesterday's low of SGX nifty is on a import point on a supporting resistance line. 11100 should hold if this uptrend has continue, looking at the strong momentum we are in for past few months, possibility of this can not be ruled out. Y'day's fall has come after long consolidation in a narrow range, generally the correction after such phases last longer than 1-2...
SGX nifty has been in a triangle pattern forming a rinsing wedge. A rising wedge usually turns out to be a breakdown. The current scenario is a pretty confusing one as the prevailing situation are not favourable but in option chain analysis the market seems to be bullish. Likely to be a good watch this week in Nifty to understand correct move. RSI always above 70...
10145 to 10345 price range holding currently bull structure still intact sudden push upside breaking 10264 next bull range 10600 to 11000 nifty next upside range. Right now there's much probably to break upside and theres a bull divergence also created in the same range.
When I really take some effort to explain myself better to me btw how do we do after breaking Reason: Nothing.
SGX NIFTY WEEKLY ENTRY PROVIDED BASED ON SWING AND PRICE ANALYSIS. THERE IS MORE POSSIBILITIES OF LONG ENTRY FOR NEXT WEEK . I DON'T USE INDICATOR OR SOFTWARE FOR MY ANALYSIS.
SGX Nifty making higher low, and creating W pattern If breakout happen, it can go upto 10050 U can trade in nifty as per this data
Nifty Future June Since 5th June NIFTY Future High & low as follows 1) 10349.5»»»10115 2) 10297.5»»»9998.5 3) 10184.5»»»9465.50 kind of Lower High & Lower Low pattern..i.e., Each high below Previous high as above & low also below the Previous low... 4) Currently 9977 (High) »»»>9765.50 (low) So now if we cross 9936/9977 it is easy to reach 10035 -...
NIFTY IS ALL SET TO TOUCH FIRST 9950-9900 LEVELS
Green Box is selling zone and Red box bottom is
10200 is the psychological level once that level tests I'll look for shorting opportunity once the price 10120 level broken to the downside. KISS formula. Reasons: 1. Huge divergence on the multi time frame. 2. Price reached and reaching to a higher range. 3. I don't want to be left from the entire downside. 4. The global market is bullish.