Overall view still bearish in my opinion, even if we get bullish signal I would say use less quantity.
understanding trades of nifty future for 28.07.2021 (Wednesday)
Sustaining 15800 - 15820 wil make the price to move towards 15860, 15900, 15940 and 15980. Bearish below 15780 for the targets 15740, 15700, 15660 and 15620.
Nifty View: The Benchmark Nifty index has been particularly erratic over the past few weeks as it failed twice to see follow-through movement post a breakout. The daily chart of the index will reflect a “Broadening Triangle” which implies the existence of a higher high and a lower low - a classic sign of confusion. The underlying short term trend of the index is...
understanding Nifty future trades for 27.07.2021 (Tuesday) ,on the basis of support and resistance.
Nifty Closed @ 15820. Whole day spent time between 15820 - 15860. None of the 15 Min. Candle closed above or below said nos. At the time of closing it broke 15820 and settled. MACD gave Bearish Sign at day end. One Can Sell at opening with SL of 15900. Don't expect big target, cover your shorts near 15720 (+/- 10) points. Try to long near same.
Nifty Head and shoulder Pattern found in Nifty in 1h chart. Sell with sl 15925. sell below 15800. i calculated target 15300. Trade with care and do your own research before take the trade. Good luck all.
In sideways zone for now, look for small bounces during intraday near support and resistance levels. If sustains above or below the levels, enter long and short accordingly.
Review chart for past month or so. On 1 hr timeframe Long spell of range bound PA Price is turning around lows and highs. No breakout entries successful. Price not giving continuation entries around midpoints of DC. In retrospect, scalping looks like better option in lack of direction on this tf.
THE ABOVE VIEW IS ONLY MY IDEA OF EXPECTION ON MARKET PLEASE TREAT IT AS ONLY EDUCATIONAL PORPOSE ONLY NOT AT ALL A TRADING OR INVESTMENT RECOMANDATION
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added...
Wait for the price to find support or resistance at the levels mentioned and take trade accordingly.
Hello - Bearish RSI Divergences on NIFTY Daily Chart. - - NIFTY SETUP Highlighted daily and weekly resistance. NIFTY is weak below 15888.00. Can move towards 15161.45 in coming days. - Stop Loss @ 16010.00
Bearish BAT Resistance = 15836 Support = 15799.90, 15741, 15708.