Good Morning everyone, Hope your weekend went well and you guys have fun in this lock down period :P Come to point and lets discus about nifty 50. First lets talk about my last analysis on 30th April 2020. I clear mentioned supply zone which is from 9600 to 9978 and this level come from one of harmonic pattern. Index 30th April high is 9984.50 and reversed . Our...
A very evident cup and handle formation, the stock looks likely to rise to the upside to the next level giving about 6.70 points(7.6%). The stock looks bullish on the daily. Thanks for reading, hope you have a green day!
Bullish T1- 21$ T2- 22.3$ Crude oil May Fut, may use this.
Nifty50 has precedented a Bearish formation, Forming a rising wedge, elliots, RSI, quantitative, backtesting :p - all indicate a bearish leg. Its bearish below 9720, lower support 8890 Yet only stimulus may change the dynamics, hence watch out for level 9930... Follow support and resistance marked in the chart.
Last week candle was a big bullish candle which opened near its low and closed near its high however the said candle looses its importance because its formed at multiple price resistance . Thursday closing came at 9859 and seeing the weakness in the US markets we are expecting a huge gap down opening in our markets. Support levels for coming week 9250, below...
Plotted fib retracement connecting the lows of 2008 and 2020 highs to derive long term supports of NIFTY50 Prices holds the 8550 Fib support in Feb 2020 and also in march 2020, though these levels were breached on weekly and daily charts, but monthly closing comes above 8550 levels any monthly closing below this level can lead to severe fall in the index and the...
Ascending triangle pattern - breakout - good for long - Banknifty needs to support.
01) Bearish Bat Pattern (Harmonic Pattern) ------------------------------------------------------------- 02) Entry - wait and find bearish reversal sign 03) 1st Target - Near 8055 04) 2nd Target - Near 7511 04) SL - Above "X" POINT ------------------------------------------------------------- Note : This study for educational purpose...
NIFTY - THIS IS PURELY BASIS THE ASSUMPTION THAT NIFTY WILL GAP DOWN BUY NIFTY WITH A SL OF 9485 AND A TARGET OF 9930. P.S. THERE IS NOT TRADE IF THE OPENING IS BELOW SL
Nifty , Supply Zone (9250-9404) , Price Rejected From SUPPLY ZONE 4 time , But Unable to make lower lows . Thats shows Absorption Of selling Pressure From Supply Zone . RSI Yet to break out . Until Hold 9250 Spot Level , Target will be Gap (9605/9735) Happy Learning .
Those that have followed me on Trading View know I have been waiting for a rally to retest the 10000 to 10600 zone. This zone should be the killing field (with FOMO buyers as the target in the range finder). Now we need to find signs of topping. The Nifty has a chance to go to 6,000 if the crazy Central Bankers of the world would stop the printing presses.
NSE:NIFTY Nifty AS per chart was able to breakdown the low of 9th March week on 18th March 2020 but on very next day (19th March) it form a candle in a middle followed by strong Bullish Candle. As per this scenario for me its looks like candle which form on 19th its show that there was some long position were made which confirms by next candle (20th March) which...
Bullish on Nifty 9730 levels soon : Expect Nifty to trade sideway on 30th april between 9520-9600 because of expiry... Only if levels of 9650 is breached, Nifty will see high of 9730.
just see blue circle these all are gaps, for now days intraday is the best option.
Bullish on BankNifty Likely to trade between 21140- 21440, if levels of 21440 breached BankNifty can make a day high of 21840
Nifty has broke out above 9400 which was trend line resistance from 2008 long term monthly bottom trend line of the channel. Targets 9950-10000 in a week or so. Stop loss for this breakout can be in the range 9280-9380
Guys sell 7 th may 21700 pe , for a good profit as i was seeing the premiums was increasing as nifty 50 points increases , safe for trade and YOU CAN LIMIT YOUR LOSS , analyse before you take , thank me later :)
Price Moving In A Upside Channel . Price Touches Demand Zone , Price Consolidating After Touching Support / Demand Zone . Vol Also Showing Positive Strength . If Break 1495 With Volume . Then Buying Opportunity Will Become . Momentum Oscillator RSI , Is Also On Support Levels . If Market Open's Positive Then Wait 1st 15 Min And See If Market Supporting...