The_Trader14

The_Trader14

On 18th August when Nifty breached the red box at the top I already informed prior that Nifty will come back as it is not stable move. And Today everyone knows that Nifty came back into the red box. Nifty is on the edge of the trend line. If Nifty breaks the blue trend line down and breaches the red box downward then its journey will start downwards. If Nifty...

The_Trader14 Updated 

As I ipredicted in my weekly analysis post. Nifty will restest the 11269 line as resistance and it did. Nifty might consolidate here for sometime retesting the line few times or might reverse immediately tomorrow let's see. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14

Nifty exited the consolidation phase as I predicted that the end is coming in yesterday's post. As you see that it exited the triangle top in the morning which was shown in yesterday's post(linked to this post below for reference) and I was waiting for confirmation for it to cross the upper line of 11371. But it went close to 11365 and came down back into the...

The_Trader14

Nifty consolidation is coming to the final stages. Be watchful. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14

Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14 Updated 

Nifty is testing the lower line of triangle many times. Chances of it going downward is more now than upward as it is testing the lower line a lot. Look for proper candles and continue any side. Also might give a false breakout because everyone are waiting for moratorium update. Then market will go anyside based on it. Play safe and Happy trade :) Note:...

The_Trader14

Nifty continued its journey after it broke the trend line downward in its before week. After which it was complete bearish on 1st day reached a new bottom of 10867. Then it pulled back and retested the trendline from bottom two times but was unable to sustain. I have drawn a red curve line connecting the highs of all five candles of daily timeframe. To me it...

The_Trader14

Reliance is getting rejection at upper channel and getting support at lower channel. It is currently using the 100 ema as a trend line and has been respecting it. For any further movement it has to break the upper channel with consecutive green candles which is looking less possible now. And it breaks the trend line with two consecutive red candles then it will...

The_Trader14

Nifty is forming a triangle shape at the breakline. Nifty will have major support at 11060 and if this breaks it will continue journey towards 10860. If it breaks the triangle upwards then it will have major resistance at 11240. I have highlighted a triangle wherein we should not be trading as this is a no trade zone if the candle surpasses this zone and...

The_Trader14

Dow Jones will play major role in going further. India market is very sensitive with global markets since corona outbreak. If you are a good trader and looking for good opportunities in Indian market then you should keep an eye on global markets too. Keep watching. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your...

The_Trader14 Updated 

Nifty broke the trend line with good momentum and volume. If Nifty wants to reverse then it might take support on 200 ema line(Orange colour line). And if it breaches 200 ema convincingly in hourly timeframe then it go further down even more. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14 Updated 

BankNifty is at the verge of breakdown. If it breaks 21066 the bottom line of the rectangle in an hourly chart with volume. Then it will decline to 20500 and more. Keep watching tomm as this will be a good support to reverse its trend or breakdown. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before...

The_Trader14

As shown in the fig the Nifty is clearly out of the rectangle and crossed the 11100 succesfully around 11am. After that Nifty did not close any candle above 11100 as it shows weakness though it tested it multiple times. Nifty might test 11000 and 10900 also in coming days if it breaks the trend line. Trendline breaking is very important if Nifty wants to...

The_Trader14

Banknifty did retest the trend line as informed in my previous post and slides down. If Banknifty continue this journey then it will pull Nifty along with it. Currently it is taking support on 21596 and if it breaches successfully then it will go down even more. Stay tuned. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your...

The_Trader14

Nifty got a rejection at top and came back to our rectangle. In next few days Nifty might test our trend line before showing any signs further. If it breaches the trend line with volume then it will continue downwards. As informed in yesterday's post 11100 is the support Nifty closed at. Nifty will have another support at 10900. Let's see how Nifty behaves at...

The_Trader14 Updated 

Nifty is near to the .786 retracement and be watchful around this place. Nifty might breakout or breakdown from this level. If Nifty breaks out then 11500 will be immediate target. If nifty break down then 11100 will be the immediate target. Reliance results out on July 30. Keep an eye on it as it plays very important role in the Nifty movement forward or...

The_Trader14 Updated 

Bank nifty did breakdown of the trend line in out chart. It will retest it again as shown in the green circle. Stay watchful at the retest point as it will reveal it further plan from their. If it retests and comes back down then Banknifty will be forming a "M" pattern. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your...

The_Trader14 Updated 

Nifty respected .786 retracement. If Nifty continues it downwards journey 11100 will play important support. Wait and watch game begins for a long journey. Play safe and happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.