YourLazyTrader

YourLazyTrader

NIFTY is slowly creeping toward the resistance level. I am expecting price to pull back after reaching the 18800-19100 level. Keep an eye on bearish price action at the resistance level and sell with initial target at 18400 and final target at 18100.

YourLazyTrader Updated 

Dear friends, Good day to everyone! Welcome to my NIFTY analysis where we will take a look at the daily chart of NIFTY. As you can see, price is in a clear downtrend since October'2021. However, the downtrend is occurring in a Descending channel defined by Upper Trend Lines and Lower Trend Lines We have multiple touch-points in the UTLs and LTLs which I have...

YourLazyTrader

The option expiry day is approaching and the volatility is picking up steam in NIFTY. So far, NIFTY has reached the previous high which is a liquidity zone. However, there has been a lack of follow through buying. So, there could be a pullback to the 15600 level again over the next two days as the expirty on June 24 approaches. I will be shorting the index...

YourLazyTrader Updated 

Dear traders! Infosys has been rallying strongly for more than 4 weeks now. In the 4-hour chart, we can see a ascending price channel with multiple touch points. Since the direction of the channel is upwards, this is known as an ascending price channel. Price has created higher highs and lowers lows within this channel. Currently, price is on it's way...