Full explanation is written on the chart itself...Keep on radar guys!!! Thank you.
This analysis is only based on moving average crossover and candle location.
No channels no indicators and nothing..Thank you once again..happy trades!!!
Well well well,
Compare the blue lines, is that a fractal gonna repeat??? Are we gonna see a 200 to 250 points boom on the upside next week guys???
Down there also there was an expansion and a diamond pattern as it has developed now.
Is 12250 on-screen next week guys??? Plus in my last fractal, I showed the weekly thing and now this is the daily thing.
Found some interesting time cycle so thought of sharing. This is a bit stupid but some simple outlook as per my view.
Any confusions do message me. Luckily when we complete 32 its USA elections and if at all trump looses as the market is fearing we may see a fierce downtrend. So, this time cycle is a bet on trump loosing it.
Both the indices are at resistance. Red, yellow and green are M, W & daily supply/demand zones....A MAjor move is due in USA markets.
Simple Support and Resistance levels are the way I trade the price action...No indicators.
So this is Nifty daily chart guys!!! As all can clearly notice the demand and supply areas on the chart marked with coloured boxes. The nifty will be acting very dramatically now as its trading in an expanded triangle sort of structure and Thursday was an inside day and Friday being a Doji which means a reversal is soon gonna come. Be careful here and trade...
A tight stop at 1515 can be kept in reliance spot levels and futures can be bought here for min. 40rs upmove.
See the chart carefully for simple price action and trendlines.
Pinks are the swings.
Blacks are the trendlines.
Keep on radar.
It will be a flag pattern breakout on 60mins timeframe.
So guys according to 7days CPR relation, its higher value for tomorrow which means buy the dips and the prices have also closed above R1 today. Today there is also a Virgin CPR, a reversal to virgin levels can be expected and a reversal candle can be shot long accordingly. This expiry is going to be exciting.
No corona can stop from getting long in the market. Its...
yesterday's trade I was long in Nifty and booked 20,600 gains.
Developing CPR's for Monday is way above today's CPR and both Nifty and Bank Nifty have managed to close above
R2 and GPZ.Such a formation clearly tells buy the dips. Any opening above Friday's high should be watched,
wait and executed. Even the RT formation is perfect. I execute my...
Nifty CPR is a bit squeezed for tomorrow which means it is weak. Not expecting a massive fall despite the 2 days relation says its a moderate bearish signal. Selling the rips is recommended for tomorrow. Any close between 9080 to 9130 can build a little confidence in buying.
Close below 8790 spot-on can be a bit more bearish.
Bank nifty is also signalling...
These are my few markings on the 15mins chart of Nifty and Banknifty.
Nifty & Bank nifty CPR are squeezed, so a trend day can be expected.
The chart shows some sort of break out is due soon.
Trade well and do keep a stop in such volatile markets.