Nothing much has changed from the previous post, the trend in the short term is to the upside. Nifty 500 today gapped up in the morning session and saw some selling but soon there was buying happening at lower level, price managed to close higher for the session, so there is buying happening at lower levels. Once the price is heading towards 15300 level which is...
As guessed in last post, Nifty 500 is now making a move higher after testing the demand zone marked, today nifty gapped up and closed near the high, in the short term the trend has changed to uptrend, one concerning thing is the range of candle, the range of candle as such is not big and today's session was something like a consolidation day but nifty 500 managed...
Like discussed, Nifty 500 is now rejecting lower price in the range marked (rectangle making), which was a prior demand zone, so today the candle range was big, even though nifty 500 closed lower for the day, there is a lower shadow which suggests buying happening at lower level. So in coming days nifty 500 can head higher, that can happen by two ways , one we can...
NIFTY500 for India is like a SPX for US market. A trader who tracks this index for taking entry or exit will make wise decisions.
Like we analyzed in the last post nifty 500 is seeing some selling and the candle range too was big, so now that we are entering demand zone marked, we will have to see how price reacts tomorrow, there are two things that can happen from here, if there is demand then nifty 500 will start rejecting lower price at the range marked and make a bullish candle tomorrow...
Nifty 500 had a rally last week after a big down move, after a rally, at level 15279.60 we are seeing some selling, this is also 68% retracement level of prior down move, so now nifty 500 can continue downward to test the demand zone marked in rectangle marking, and then can start moving higher, we will have to see how big the candle will be on downward move...
Nifty 500 Trend prediction. only for educational purposes only
- Nifty 500 5 leg correction has played out - Price has closed right at the supply line of the bear trend channel (ongoing since 19th Oct 2021) - important support & resistance levels marked by brown dotted line
Broadermarket index..............................................................................................................................................................................................................................................
Simple Analysis.......................................................................................................................................................................................
Support line becomes resistance line. Nifty 500 faced resistance at the red line. Lets see how trend upfolds.
Following are common things one can spot on weekly chart which happen before fall/crash of 2008 and 2020, similar thing can be found in other indices and on all time frames in chart 1. Price will continue to make higher high RSI or MACD indicators will show trend exhaustion with lower high not breaking previous high 2. Series of Negative divergence is seen on...
The upmove is in slow phase means its getting ready for final upmove. Expecting another 700 pts from here unless this trend line is not broken
NIFTY 500 IS HAVING BULLISH GARTLEY PATTERN TARGET IS 241 POINTS. B POINT MIGHT WORK AS RESISATNCE, ABOVE THIS TARGET WILL BE HIT MUCH FASTER I AM BULLISH ON MARKET TRADE AND INVEST AT YOUR OWN RISK