DualityPeaks

DualityPeaks

If RSI 50 crosses below 50, Nifty can be short, else its still holding bullish signs

DualityPeaks

BNF has been really bullish since it broke its major MA line (Weekly and Monthly SMAs) Shorting levels: For this expiry week, 28808 is major support, next major support is 28030, if any of these are broken intermediary high oi strike price supports such as 28500 are possible. These levels ca n be used to short the stocks Long levels: Above 29233, there is long...

DualityPeaks Updated 

Nifty is in critical juncture of end of 5th Elliott wave both in short term and long term (since March). With lots of positivity in BNFS and stimulus and FII pumping in money, chances are the corrections will be delayed. However it is bound to happen. So in this duality, the white lines provide correction starting from 12963 itself, and the other Elliott wave...

DualityPeaks

Ended just below long term trend line at 12275, strong resistance can be seen. Might range for some time horizontally and if it fails to break 12275, then downward movement can be expected beyond the wedge. If breaks, next Fib ret. resistance at 12357, ATH resistance at 12430, if momentum from BNF continues, might as well breach 12430 and reach towards 12600 where...

DualityPeaks

Weak below 23490, strong above 23600. Multiple time frame Fib retracement analysis Moving average (20SMA, 50SMA and 200SMA) in multiple time frame.

DualityPeaks

Fib support at 900 and 749, if broken can bleed ( on daily charts) If reversal sustains, bounce back till 930 (MA resistance on daily charts, then 974 (long term trendline resistance) , 1057(next fib ret. resistance), 1150 (next possible MA resistance on monthly charts) Lots resistance at the top, possible MA squeeze towards downside, if breaks out upside, good...

DualityPeaks

LT long term Fib retracement, acting as a strong support for L&T, forming a hammer candlestick pattern this month, , if 900 breaks and sustains, weak, however since it is a long term support, chances are it would bounce back, but its reversal is limited by long term moving average lines, hovering overhead.

DualityPeaks

Daily Charts levels: Fib S-277 R-307 MA line effect- R-295 Trendline- S 271.35, R- 283. Possible safe locations to trade intraday - 283 to 293 What to look for : 1. Daily pivots 2. Lower timeframe MA lines 3. Opening H&Ls Trend: Bullish