Wealthcam

Wealthcam

As we planned our trade yesterday that it has formed more like a head and shoulders pattern in bigger time frame shown signs of good downfall to come in coming trading sessions and also a change in trend but the neckline of the supposed pattern acted as a SUPPORT today despite being weak hence the more the neckline is tested the more it is getting weaker and...

Wealthcam

As we can see the level 43400 has been acting as a strong support till now despite weakness in other index but it has been tested almost more than 6 times already making it weaker hence any closing below 43400 level should give a unidirectional move of over 400++ points in the same day itself. Till BANKNIFTY maintains itself above 43400 levels we might see a range...

Wealthcam

As we had been analysing since past few days that NIFTY just broke its trendline below and turned itself from uptrend to DOWNTREND with the break of previous swing leading to change of characteristics. Moreover we can see NIFTY has formed more like Head and Shoulders pattern which is also a REVERSAL pattern which could potentially change the overall trend to...

Wealthcam

As we can see despite a strong opening NIFTY couldn't sustain itself above 18800 neither did it cross 18900, on the breach of which we were planning to go long and was expecting a good upmove above hence now if NIFTY fails to open strong and rather opens flat to weak then we might see a strong downfall in the first half finally taking support at 18660 levels and...

Wealthcam

As we can see NIFTY had been slightly positive to sideways throughout the day and also closed above the given trendline which is potentially acting as a strong SUPPORT hence we might expect a strong upmove if sustained above 18900 else we might see a negative to sideways market in coming trading sessions so keep watching everyone

Wealthcam

As we had been analysing since past month that NIFTY had been in uptrend ever since but now finally NIFTY exactly got rejected around our level of 18900 and fell unidirectionally till 18700 but it did closed above the trendline showing signs of strength but if NIFTY breaks todays low and sustains below 18700 we might see a substantial fall till 18500 which is...

Wealthcam

As we can see amazing recovery was witnessed from the trendline as analysed despite nifty being weak in smaller time frame but a holistic view showed that NIFTY was heading towards trendline support and we were prepared for this upmove hence we can see more space for NIFTY to further continue the rally till 18900 which is its next resistance so keep watching...

Wealthcam

As we can see despite the unidirectional fall NIFTY still managed to close above the trendline which shows NIFTY could potentially open gap up and continue its bull run but a better area for making position would be around the trendline if NIFTY opens flat

Wealthcam

As we can see BANKNIFTY had been weak and tried multiple to take support around 43900-44000 being a psychological level to act as a potential support but failed to do so and has also made the supposed support weak with its multiple tests hence any closing or weak opening could show a good fall till its next important demand zone around 43700

Wealthcam

As we analsyed NIFTY took trendline as support and showed strong upmove and has been in uptrend ever since hence we can still expect nifty to continue its rally till 18900 which is its next important supply zone so keep watching everyone

Wealthcam

As we can see NIFTY can be seen making a doji candle in one day TF and also this candle formation has been done around trendline showing a potential signs of REVERSAL hence we might expect an upmove from here but if opens weak then we can wait for NIFTY to take support at both psychological levels and the trendline so keep watching everyone

Wealthcam

As we can see NIFTY couldn’t sustain itself above 18600 and fell unidirectionally! Now we can expect NIFTY to fall further till the trendline wherein any signs of rejection around that area should be a good buy as 18500 being a psychological level could act as a catalyst being a good support so keep watching and wait for better opportunity to enter for long

Wealthcam

As we can see NIFTY despite the strong upmove in the first half finally took a toll in last hours but it did close above 18600 mark which is also both a psychological level and important support as it has acted as an important resistance in previous trading session hence we might expect a strong opening today and carry its bull run so keep watching everyone

Wealthcam

As we can see and had been analysing since past few weeks that unless NIFTY closes above or below either of the levels it can remain sideways but NIFTY showed a strong closing above our given range and hence we can expect NIFTY to move further up till 18900++ in coming trading sessions so keep watching everyone

Wealthcam

As we analysed in our previous post that more of downfall was coming! We did see some great downfall in the first half and filled the pending gap before finally recovering in second half! We can now expect nifty to remain sideways unless NIFTY finally breaks out of the range and moves either side hence unless it breaks either side we can expect NIFTY to remain...

Wealthcam

As we can see despite the strong opening NIFTY failed to sustain itself and fell. We can see a gap pending which can be filled till 18500 levels which is also a psychological level and could act as an important SUPPORT hence any signs of REJECTION around those area would be a good buy with better R:R else its on bearish side as of now

Wealthcam

As we can see NIFTY can be seen being sideways to negative since last two days but maintaining itself above the zone or demand zone of 18400 ! We can also see NIFTY maintaining itself above the trendline and the trendline is acting as a support hence a better entry would be around 18400 wherein signs of REJECTION must be seen around the trendline for better entry...

Wealthcam

As we can see more of fall was witnessed in NIFTY from 18600 levels and fell till 18450 level we can expect more of fall till 18400 levels before finally REVERSING! We can even see a trending that is being followed by NIFTY which might act as a support for now hence long positions should only be made around supports