Pranav_Kaneria

Pranav_Kaneria

NSE:NIFTY ⏺ 4/1 Hourly - Nifty is making lower highs and lower lows. ⏺ 15/5 min - Constantly getting rejected from purple resistance ✅ Support - 17850, 17760 ❌ Resistance - 17960 📈 Trend? - Rangebound, but if lower support is broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the trend *whatever...

Pranav_Kaneria

NSE:NIFTY ⏺ 4/1 Hourly - Up move if channel break occurs. ⏺ 15/5 min - watch closely as it will be trading in a channel (18000-18055) ✅ Support - 17960, 17850 ❌ Resistance - 18090 (1,3,5) 📈 Trend? - Rangebound, but if support or resistance broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the...

Pranav_Kaneria

NSE:NIFTY ⏺ 4/1 Hourly - Up move if channel break (3) occurs. ⏺ 15/5 min - watch closely watch as it is trading in a downward channel ✅ Support - almost everywhere, 18000,17960 (Big - 2,4) ❌ Resistance - 18090 (1,3,5) 📈 Trend? - Rangebound, but if support or resistance broken, rally to that side is very much likely. (what this basically means is that you...

Pranav_Kaneria

NSE:NIFTY ⏺ 4/1 Hourly - As Nifty breaks the long time Resistance, we can see good up move after 18090 ⏺ 15/5 min - same as above. ✅ Support - almost everywhere, 18000,17960 ❌ Resistance - 18090 📈 Trend? - 100% up (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market...

Pranav_Kaneria Updated 

This is pre-market open and I haven't had much time to post today's analysis, but support and resistance stays almost same. Refer to my previous post for details. Red - resistance Green - support support becomes resistance once breach and same for resistance. Thicker the line stronger the support/resistance. Remember, always trade in the trend.

Pranav_Kaneria Updated 

NSE:NIFTY ⏺ 4/1 Hourly - High possibility of breaking 1st resistance and then reversing. ⏺ 15/5 min - Taken support on 17900. This should help in breaking second resistance of 17980. ✅ Support - 17900 ❌ Resistance - 17980, 18090 📈 Trend? - Very hard to tell. I would wait till either 1st resistance or bottom support to break. ↕ Market movement - 250-300 pt ❗❗...

Pranav_Kaneria

NSE:NIFTY ⏺ 4/1 Hourly - 17850-17960 is the range. can go both ways if broken. Continuation of downtrend is most likely. ⏺ 15/5 min - we can see huge momentum on down side if the support of 17850 is broken. ✅ Support - 17850, 17800 ❌ Resistance - 17960, 18090 📈 Trend? - 90% down 10% up (what this basically means is that you should avoid treading against the...

Pranav_Kaneria Updated 

Weekly - Correction almost done. - Diwali is almost upon us, lol Daily - Reversal ? 4/1 Hourly - Hammer !!! high probability of 200 pt candle formation. 15/5 min - high probability of 100/200 pt candleformation. Support - 17620 Resistance - 17900 , 17980 Trend? - 90% UP - 10% Down Any notable pattern? Daily - should form Green candle as...