Hi Guys, Today I SHare My View on the Nifty-100 Index Explanation in Simple Way: It looks like a Rising Wedge Pattern that Makes Higher Highs and Higher Lowes On Dec-4 it Breaks the Resistance line and Moved 6.13%~ We Have more than a 7% move on the Upper Side Focus on This Is Not a Stock Recommend Don't Take any Trde Based on this , I Just Share My View
Attached: Nifty 100/ Nifty 50 Daily Chart as of 26th May 2023 A Risk On Signal has been generated where Nifty 100 is Set to Outperform Nifty 50 to meet its Cup & Handle/ VCP Pattern Breakout Target When this happens the Broad Market goes on a Risk On Mode So Bulls it is your Time/ has been your Time and it is going to Accelerate further in your favor Play Longs,...
Forming Head & Shoulder Bearish Pattern. Trading near Support line. Advisable to stay cautious and keep the Trading volume low
Here's my analysis on Nifty Weekly Chart: - Currently in Demand Zone and already bounced back twice from the same level in the past - It's creating triangle pattern so not expecting any big breakout for at-least next 5 - 6 months and Nifty looks weak for the same duration - If false down, next level will be around 15400 - 15000 Note: This is my first...
The recent move by Nifty 100 signals a new phase of the Bull market will start soon. Trendline resistance has been broken with a wide-ranging candle signaling another secular bull rally in the new year. Happy New Year to all.
CNX 100 has made head and shoulder and is again making the same with probable target of major breakout level of 16200
CNX 100/NIFTY50 looks to be in an uptrend relative to nifty
on 6 month Time frame ... nifty100 last 11 years trendline of resistance touched in december 2020 with confluence of RSI meeting its MA which will act as strong resistance ... net net ... next 6 months will be make or break for nifty stocks . lets see ...which way this camel will turn .
CNX 100 or NIFTY 100 (NIFTY 50 + NIFTY Next 50) has formed a triple top on weekly scale....This is a major top and signals a major slide in stocks in the days and weeks to come. Sell your stocks unless you're holding them for real long term. This is not a great time to build a portfolio...don't rush to buy yet. Stay away from markets...!!!
Another clue -why markets are bearish in coming months along with clues from USDINR-- Nifty--Bank Nifty--India ETF--Dollar Index- How many clues one need- isn't that sufficient. Fall from 8900 to 8100 was awesome which became aggressive in between with the surgical strike. Likely to travel in the zone 6924 which is the next swing low in the coming months- an...
As expected in the below mentioned chart that we are starting downside & need to be careful. Surgical Strikes -They never give time to react.
The index had a double top in the zone 9100-9200 zone- Likely looking to correct as momentum indicators aren't supporting the current leg, which started in Feb-March 2016 from the lows@6924- hence it is very likely that Index could correct & it is standing on our doors.