There is a potential double bottom set up @ 0.5 fib retracement in the day/week chart.
-Long-term trend and the cloud held pretty well
-Stoch & MACD looks good
-RSI could form a break out
See next week if we can stand above 8275
Greetings traders & investors,
This analysis is a combination of various prospects & contains a clear description for each of that
"we don't understand a movie by missing half of it".- the same is true with markets,
Let's understand NIFTY in higher time frames & continue through the same tunnel in lower ...
If you have taken buy position on Nifty then as per now, Nifty have minimum upside left of 8135.
There is only 10% chance of It Hitting SL, SL at 8061 is recommended.
Nifty SL 8061, TGT1 8135, TGT2 8165
Since we are off for a while and this being our break resumption post, we would like to add some significant detail on this one and consider this a Christmas or Newyear present from LeadBrains as it is about to give a precise and much more clarified analysis about NIFTY.
As usual this one will contain ...
Long Nifty : Long at 7970 - 7900
Stop Loss : 7750
We expect this to be a completion of wave 4 correction !!
On other hand USDINR is trading at life highs !!
Both of the above are either oversold or overbought !!
Looking at other coming events
-- Rate cut of 50 bps by RBI in december - expected (25 bps factored ...
Last Post : https://in.tradingview.com/chart/NIFTY/aRBujWSd/
Nifty -1.76% after touching high of 8960 has now entered into correction mode !!
So wave 5 ends of Wave 3 of Wave 3 !!
Expect this correction to complete either at 8550 ( Less chances ) or at 8700 levels !!
Wait till the FED meet this month -- Once ...
Greeting traders and investors,
Been a while since our last publication
Now back to the business
POST COVERAGE - NIFTY LONG TERM, Medium term & short term (DETAILED ANALYSIS WITH VIDEO PRESENTATION for free)
NIFTY has been riding high waves for a while and the main thing ...
So after our last post -Nifty : Brexit Gone - Now What Long
The market has risen by more than 8% - i.e Nifty.
Nifty is now in a consolidation mode -- which we expect to be over within next 2-3 days - rebound might happen at 8471 ...
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new ...
Before someone thinks why ? how can you be without trading Nifty ? how can you make money n sort of questions, lets see what chart conveys us.
We are in strong support zone of Nifty but here we don't have proper risk:reward if we choose to enter long positions. So we wont b entering our trades here instead wait ...
Coming back to the scrips which we keep close to our hearts - Yep, Nifty's....
We have bullish bat pattern formation which is currently in C to D move, so once the move gets completed at D point we can Initiate long positions in Nifty. The other blue lines going around chart are the idea posted on higher ...