GIFT Nifty - Head and Shoulder Chart PatternBearish head and shoulder chart pattern formed in GIFT Nifty in hourly timeframe.
Trade ideas
Volatile sidewaysNifty after the upmove formed a continuation H & S but the breakout did not succeed and settled in a expanding triangle.
Likely to be in sideways for a while. Range trading is wht we need to do now
Gift Nifty At Strong Support 22150 to 22100Gift Nifty At Strong Support 22150 to 22100
Good Upmove Possible toward 23000
Still Buy On Dip, Buy On Dip...
Nifty - How to trade today
Please read the notes as mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Gifty nifty is confirming my view which was posted on X .@ days back I had written about Dow jones ie. selling on every rise . Since yesterday this index following it
Nifty To touch 23000 or Return to 22000?*Nifty*
Weekly Support: 22000
Weekly Resistance: 22600–23000
Trend: Bullish
The Nifty has failed to cross and move above 22550 for the last 5 weeks, making 22550 a strong resistance. A break above this will stop only at 23000.
*BankNifty*
Weekly Support: 47900 => 46650
Weekly Resistance: 48900
Trend: May Reverse to Bearish
BankNifty had a conical breakout and may consolidate around 48850.
*FINNIFTY*
Weekly Support: 21800
Weekly Resistance: 21100
Trend: May Reverse to Bearish
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
SIMPLE DEMAND AND SUPPLY SETUPin fin nifty we obserbed a sharp fall from 21670 which took a support at the lower demand zone we took a entry on demand zone and one on the break out, breakout entry hit the sl because of the time barrier, but we are long in first entry
Nifty 50 Wave Count and TrendNifty facing hurdel around 100% retracement level
its strong resistance. Suddenly a decline in the activities of FII and DII is visible. It seems everyone is confused. Everyone is confused about the rise that is happening here, is it an impulse rise or a corrective rise? Counting makes our work easier - view is clear.
The main reason is that in the past (2008 and covid 19), when the market had fallen after the ending diagonal it was very sharp which is called free fall but this time the matter has reversed.
Bat 🦇 pattern in nifty futures Already 1st reached, Let's wait for final Target. Nifty future is in sell on rise. This is for educational purposes only.
Short Nifty 22000 April Put near CMP 190Short Nifty 22000 April Put near CMP 190. Hourly chart shows a breakout and stochastics and VI indicators are also bullish.
GIFT NIFTY: Signs of a mini rallyGIFT NIFTY: Positive 10 DEMA Crossover and rounding pattern formation in hourly chart indicates a possible move toward 2180-22000-if manages to hold 21123 (For educational purpose only)
Gift nifty fall till 21970 , 21830 sell on every rise On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty 26 march sell on rise only till 22130 break on daily closeOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
1:2 Intraday 20 March StrategyHello Traders
This is for 1 day - 1 week timeframe
Buy above 22115 target 22390 / 22480 / 22525
Plot is mentioned on the chart
Stay safe.. Trade according to your risk profile.
Let me know if you agree or disagree in comments... Looking forward
Best Regards
Gift nifty sell again we will see recent low again in few days On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
N50 Inverse Head & ShoulderTime-Frame 60 min.
Inverse Head & Shoulder is formed after a downtrend.
Break-out is still pending.
Volumes are also needed.
Should wait for BO for taking longs.
BO Zone 22140 ~ 22215 with Higher Volumes
Expected TGT after confirmed BO are 22335 / 22475.
SL 21980 DCB
SGX NIFTY(GIFT):Likely relief rallyGIFT NIFTY:Rounding bottom pattern and DEMA Crossover in 30 Min suggests if it holds above 20975 shall expect a move towards 22000-22050 and a gap up i NIFTY by tomorrow.lets see what unfolds today(For educational purpose only)
Nifty future Taking Perfect Support From 50% Fibonacci Level Nifty future Taking Perfect Support From 50% Fibonacci Level
Hammer candle also forming
Expected target 23000
NIFTY :20-MAR-2024 22160++ futures can test Nifty near strong support levels..
Correction from 22600-21800 done now good short covering rally expected
Tomorrow or Thursday nifty futures can test 22160/22222 levels
Any dip tomorrow 30/80/100 points good buying opportunity…
Good reversal expected tomorrow
nifty blw 22000 crucial update-- edu pur.nifty on daily chart break 22000 or stay blw thna looks 21938--828--777 expect dwn side one can sell side with 22145 sl
SHORT NIFTYI think in coming day's all negative thing will be factoring out in india's general election majorly 2-3 IMPORTANT decision of supreme court has to be watched carefully
1 Electoral bond , 2 EVM , 3 Election commission of india appointment .
So prior to that MARKETS are changing their mood and adjusting it self to coming reality . let's see and i think we are get some good opportunity short sell the mkt's .
this is my opinion i may be wrong also please to your analysis before making any decision.
Nifty May bounce from 22000?Nifty was tested 22022 as per our previous prediction.
It was filled the gap successfully. It is also showing strength as per our prediction from reversal level 22000.
Positive Divergence seen on chart. It can long for target 22430 and also 22720 on extreme case.
Bearish view for next two weeks.On the daily chart following observed :-
1. MACD negative crossover on daily and weekly time frame which is going towards zero line.
2. RSI is at 47 which can be considered week.
3. Small support at 21860.
So keeping in veiw of above mentioned factors, watch levels 21860 closely, if these levels broken then sharp fall can be expected towards next support which is 21400. In next two weeks, strong posibility that these two support can be broken and nifty can go upto 21000 and 20300 levels.
So, one can trade 22000 put option Mar or Apr series or one can look for 21000 put option Apr expiry for hedging of holding stocks.
