ssvirdi

ssvirdi

For the next potential level I use Fibonacci Extension. So, the next Important Level to consider is 23274.55 Also the expansion in both bands is equally distributed, this indicates the uptrend will continue. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

Daily: Trend Negative, The Hammer candle formed in the compression zone decreases the probability of the next negative candle. 5m TF: Trend Positive, Break of Structure

ssvirdi

Daily: Uptrend, No change in the structure. The resistance is at 22600 and if broken then the next Important Level is 22800. The support is at 22300. 5m Chart: Uptrend, The price is following a channel.

ssvirdi

After a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions. Intraday 5m | Trend Negative Disclaimer: This is my pre market analysis and my...

ssvirdi

Today, with a gap down opening the index is recovered with strong momentum and made a close above the previous close. In the domestic market, foreign selling ahead of the final two phases of national elections is expected to keep volatility high. The index took strong support and over the last six trading sessions, it has shown a strong uptrend rally. The current...

ssvirdi

Technical Outlook The index has found strong support from lower levels, and in the previous session, it closed with gains primarily driven by IT stocks. The current R1 is placed at 22600, while S1 is positioned at 22250. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

These two patterns indicate a new strong trend is about to begin. Keep this stock in watchlist. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

The price has successfully completed its cycle of expansion and compression. And the price is trading in a small range during five trading sessions. From these levels the price has a high tendency to move in either direction. Keep an eye on this stock. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

Base Zone : Uptrend Brick Size = 110 (Based on the Average Range) Entry Level = 4th Brick (22550) Stop Loss = 3rd Brick Low (22330) Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

RSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci. The index could be volatile in the range of 6840 to 7300. The constituents could experience high volatility in the coming week. A fresh trend is formed above the level of 7300. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

The nature and degree of separation in both bands indicates the price could resume its uptrend. On the upside the range of 10% could be tested. And on the down side the range is 9%. For a positional trade the level of 416 can be used as a stop loss and for target the level is 480. Disclaimer: This is my pre market analysis and my trading journal. Not a...

ssvirdi

Weekly Marubozu bullish candle piercing the STMA band. 22800 could be tested, if broken then we have 23000+ levels and the potential target is 23800 on the projection scale. According to the volume profile the level of 22050 could act as a strong support and according to chart structure the support is 21800. For momentum reading the resistance is...

ssvirdi

Nifty likely to head higher. 22800 could be tested. And if that breaks, we have 23000+ levels coming. Today NIFTY bounced above the high of the compression zone and formed a bullish candle with High High and High Low on daily. Weekly candle bullish piercing the STMA band. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi Updated 

According to the chart structure the trend is negative. Today we have an inverted Hammer type candle, the price is rejected from the resistance zone. Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi Updated 

Short Trade Entered : Buy - GRANULES 30 May 2024 395.0 PE @ 11.15 Qty-2000 1. Today's breakdown candle confirms the break of structure. 2. The Downside range of 8 to 9% is now opened. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Many times I do paper trades when the probability of a positive trade is less than 50%.

ssvirdi

Today we have a Breakout of Both bands and the Resistance of 22300. Also RSI>50 indicates start of an uptrend. But today's move is not tradable due to expiry volatility. So, I wait for another candle to confirm the trend direction. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

Today we have a red indecisive candle with a high high and a high low. The price is rejected from the resistance level of 22300. Currently we are in a negative trend. I just need another red candle with a breakdown of the previous candle low to enter a swing trade. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

The follow up candle of the Hammer candle indicates the start of an up trend. The resistance level of 22300 is very important in tomorrow's trading range. For a good swing trade setup we need to wait for a clear and confirmed trend. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.