Nifty 50 Uptrend Retest area is 23300-23315. two day closing below 23300 can trigger the downtrend also. And If reversed from 23300 then a sharp upmove can be seen.. These are my point of view only. Before making any trading decision, please analyse by yourself.
As nifty has closes 2 weeks above doji candle. and 2nd week closing is greater than 1st week closing. It's a good sign. Almost a confirmation for price going for next Resistance which is 24050 to 24200. Will update further on this weeks closing. And Delhi election results are in favour of Market as BJP wins after 27 years and with mejority. Keep 24100 as target...
What a consolidation of more than 3 years near all time high. No. The RSI rising, Volume is very nice and price is bullish. Check the chart and keep tracking. This stock don't foolow the market trend but following his own trend.
Nifty is making Doji at the bottom on weekly chart. Which shows the chances of trend reversal. If Nifty close above 23391 (current week high) then Down trend will be end and reversal process will start in market. For confirmation, the complete week should be close above 23391 for the All time high target (26272). If Study RSI, Rsi is near 60 on monthly chart...
I think this is the last Area for Bulls. Iske baad to taai hin malik hai. My last hope due to Hilega Milega Indicator is here only.
Pattern looking good and Target is very awesome All time high. Means Stock can be doubled on few months.. Let's have it in watchlist and track it for next few months.
Pattern looking good and Target is very awesome All time high. Means Stock can be doubled on few months.. Let's have it in watchlist and track it for next few months.
This is my Analysis for Nifty 50 long term. Hope that will help..................................................
Nifty 50 rejection from upper levels. 350 is good resistance. .................................................................................
A long trend line is now break. Now, what will happen.. Keep an eye on it for next week trend........................................
Kya aisa hone wala hai......................................................................................................................................................................................
Don't underestimate the trendline... 3 times tested............. if break, then big move expected..
Support........... Ready to move upward.......................................................................................................................................................
Check Nifty resistance and support..................................................................................................................................................................................
Nifty near day high. Good Resistance. Curve Trend line breakdown can give a downward move................................................................................................
From my view, Nifty is moving in a Parallel channel, and trying to go down now.. 15100-200 area, and 14400-600 area is looking as a strong support. but Big resistance at 16000 area......
Is the curve can be treated as a trend curve (as trend line) ...............................................................................................................................
I'll not say anything.. This is just for testing purpose......................................................................................................................