Nifty Had Taken Support At 55 EMA In Corrections & 120 EMA In 2008 & 2020 Crash. In Monthly TimeFrame.
Nifty Is Trendy I Plot a Trendline & Hold My Portfolio Till It"ll Above It. No Short Positions Ever Dip Is Buying opportunity.
Our Nifty Index Took Support, Multiple Times on 55 EMA In Corrections & 120 EMA In Crash In Weekly TF.
Market Took Support/Resistance on 70EMA, 15 Min TF. I Trade On Cencept History Repeate Soo My Setup Is Bearish Side For 11 May Expiry & TSL Is Crossing 70 EMA To Upside.
Fine Organics Has Posted Robust Results in Last 4 QTR While 28% Margins Are Not Sustanable Although Stock Already Corrected 34% From 7300 to 4850 It Took Support at 82Weekly EMA 2 Times Does History Repeat?
No Matter What Happens In Short Time Frame In Weekly All Looks Good. Buy Right Sit Tight.
Nifty Is Testing Trendline Which Respected From 9 Months It Is Still In Strong Uptrend My Setup Is I'm Bullish Untill price Is Above Trendline Drawn Below ALso Nifty PE Is Low "21" Much Room Avalable Upside than Down EPS Break All Records By Grown From 410 to 850 In Just 2.5 years .. Post Covid.
Itne See Correction ko Bear Market Bolne Walo, Tumhe Bhagwan Bhi Maaf Nahi Karega !! . Nifty Consolidated For Almost 1 Year.. Now Its PE Ratio is 21 & 18 Low Average PE Of Our Indian Markets are 25-26 We Are Still At Lower Levels.
This Analysys Didnt Activate Untill It Respect Trendline & Bounce Back But Its My Personal TradeSetup For Next Week.
Market Is In Correction Mode We Can See New Highs Soon Its My Personal View Confirmation Is After RSI Divergence Untill Its Sell On Rise Market With SL Of Above Trendline SGX Closes Above 16420 Act as Resistance "If Market Doesnt Reacts on Negative News probably We Are at Bottom"
Nifty At 16250-350 Is Support Zone. Create Bull Call Spread With 16300 Breakeven Point.
Reliance Is The Reason Why Index Bounce In Last 15Min After Sudden Fall. Reliance Stands Around 12% Weightage In Index. Also For Fall "Look at The Volumes"
I'm Not a Very Big Fan Of Tecnical Analysis But As Of Now I Dont Find Any Other Method To Find Index Direction Soo As Per Tecnical Analysis I'm Bullish However, as Per My Experience Retesting are Unexpected Mostly
After Consolidate for Almost 8Month Is Market Break Resistance Now? After Rejecting 3 Time 18000 is Major Resistance For Now. & 200 EMA As A Support
My Current Trade Relay On This Trendline As A Support & Trailing SL Also.. Although Index Took Resistance on Mid Term Trendline Shared Previously But I'm Bullish untill Support Trendline Breaks, Bcoz 'Bull CE Spreads Has Nt fair RRR.
Index Is In Downtrend in Mid Trem TF In Short Term Market Is Moving towards Resistance Drawn Above
Nifty Stood at Mid Of its DownTrend & Previous Price Action RSI Is also week and at Lower High, Which Indicated Weekly Closing should be Below Current Level SGX is Also Neturally Negative Today At this level Either Attempt Iron Condor or Bear put Spreads.
Attempt Short While Breach Lower High Trendline Although Index Is In Downtrend since oct, We Are Not Into Bear Market till Above 15400