CNX 500Hello & welcome to this analysis
The index in daily time frame is retesting a Bullish Harmonic Gartley pattern made in end January which coincides with the formation of a wedge pattern and a double bullish divergence.
A bounce back could be possible if it manages to start sustaining above 20850 fo
Nifty 500 Filled the GAP. Will it reverse from here?After forming a C&H ( luring bulls) nifty broke down from the handle and filled a gap at 22262 area.
- Taking support exactly at 200 DMA.
-Trading below 50 DMA.
-Breakdown and close below 22262( 200DMA support and Gap Support) can bring it all the way down to 21694 which will be the last hope for
#CNX500 Index Signals a Trend Reversal!📊 Market Update: #CNX500 Signals a Trend Reversal! 📊
📈 Support Held at 21,900 Level: As anticipated in the last update, the #CNX500 index tested the 21,900 level and has since rebounded strongly. The last session showcased a solid bullish candle, indicating a clear trend reversal after a prolonged
NIFTY 500 INDEX GANN LEVELS DAILY CHART 14 NOV 2024...Level of 24600 was important which completed a Major section on the index. We have nearly retraced 50% of the growth cycle. Level of 21800 is important for further growth to happen here.
Happy Trading !!!
#CNX500 Testing Key Support Levels!📉 Market Update: #CNX500 Testing Key Support Levels! 📉
The #CNX500 index has recently touched its support line once again. When stocks or indices frequently test support, it typically weakens that level, increasing the likelihood of a further breakdown. In recent sessions, the index has also shown
Nifty50 & Nifty500 Hits Critical Demand Zone: Ready for Bounce?Indian stock market has been in a downward for over a month, Let’s dive into the technical setups and explore potential scenarios.
🔥 Demand Zone Insight: Drop-Base-Rally (DBR) at Play
On Friday, Nifty 50 entered a demand zone, specifically a Drop-Base-Rally (DBR) zone — an area often indicatin
CNX 500CNX 500 is in broadening channel pattern. Index is in lower high formation inside the channel (marked). Currently in reversal zone, to make a new lower high at 23,120 level. Reversal can be seen from 200 EMA where rising trendline coincides.
Nifty since cnx nifty 500 has almost gone back to wave 2 low and if it in today's session it breaks below wave 2 low then i am completely in camp that nifty has topped out for wave 3 of march 23 lows and its going to 24750 before any meaning full bounce.
Nifty500 Analysis: Current state of the market & what to expect.Nifty500 is mainly used for analysing the Market breadth.
We look at the various phases of the market: Bullish, Bearish & Sideways,
We can understand how the Momentum charts give an early warning / indicator for a particular phase in the market.
Presently, the market has given a signal that
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
