Island Top - Reversal Pattern, Rsi DivergenceIsland Reversal,
A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.
Rsi divergence implies a change in relative strength as compared to price movement.
The price has come out of the regression channel.
Probably we are in the 4th wave, which means we have completed the top of the 3rd impulse wave. This would be confirmed if it closed below 21550 in the coming weeks.
Trade ideas
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.
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.
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.
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
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
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
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.