BUY ABOVE - 18200 SL - 18130 TARGETS - 18250,18290,18350 SELL BELOW - 18100 SL - 18170 TARGETS - 18050,17960,17850 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Elliott Wave Analysis for Nifty50 Nifty 50 has probably completed Wave a today for ABC corrective pattern today and is midway into Wave B. View for 2023.05.18 is bullish for first half and bearish for second half.
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. NSE:NIFTY
Nifty (Short): We are headed for a correction in the short term. Note: Do your own due diligence before taking any action.
What was depicted yesterday was very similar to what happened. Channel top proved to be a tough resistance to conquer and Nifty today rested just above mid channel line at18286.50 We had very accurately indicated the support at 18284. This is as precise as you can get with Technicals😌😊. Now What? We have this support or the next support at 18267. If 18267 is...
Nifty on a 30-minute chart is looking very confident of staying in the upper half of the channel in which it is travelling. On last 3 occasions Nifty has jumped upon reaching the mid channel support of the mid channel line. Indicating that strength of the rally is intact so far. However, on the last 4 occasions when Nifty tried to cross the Channel top it was...
NSE:NIFTY The fab 50 Who trades this asset? you have some nice trend trades.....
NIFTY is approximately 3% away from the top. Question on minds of most investors is: When will Nifty make a new high by crossing this Crossing this 3% hurdle. Crossing this 3% hurdle will not be easy in my opinion, unless all FII, DII and Retail investors participate in the ongoing rally. Rally has hit the resistance zone now. It was a good week but going ahead...
See the levels in the given chart trade safe and main your own risk
Nifty is again at a crossroad. The following scenarios are at play now. Scenario 1) From this juncture it can go from Point A to Point C directly i.e. 18315 to around 18600 odd. Scenario 2) From this juncture Nifty can try to find it's major support and can go from point A to point B i.e. 18315 to 17500 odd. and then back to 18600 odd that is point C. ...
The entry has been hit precisely. I would not move the stop loss just yet, until we break below the wedge and stay under it for a day or two. This could be a swing short, so a bit of patience is required to reap good rewards.
BUY ABOVE - 18325 SL - 18300 TARGETS - 18350,18400,18450 SELL BELOW - 18300 SL - 18325 TARGETS - 18280,18250,18200 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
#Nifty levels 10/5/2023,. trade with these level (15 minute chart analysis )
Nifty had a fantastic rally which might hit couple of hurdles in the form of upcoming resistance zones. Resistance Zone R1 which is between 18283 and 18427. If this major hurdle is crossed there is another Resistance Zone R2 to be crossed which is between 18608 and 18715. Support for Nifty will be at 18130, 18049, 17966, 17848 and finally 17794.
Nifty has formed double top. We need to wait for the breakout. Once it crosses 17650, breakdown is confirmed, Target will be 17300. Note: This is for educational purpose.
Market Outlook For The Next Week: It was a volatile week which saw ups and downs. Downs mainly due to huge sell off in HDFC Twins due to the rebalancing news of MSCI Index. The fall also cooled down RSI which has come down substantially. Closing of Nifty well above critical support level of 18029 shows that strength still might be left in NIFTY to rally again a...
Hello to everyone, Kotak Bank trading near weekly support zone & RSI Bullish Divergence also happening near support zone , which gives double confirmation that the price may go upside. So here perfect low risk and high reward setup. #KOTAK MAHINDRA BANK📈📉 👉🏻Stock approaching strong demand zone✅ 👉🏻 1690-50 Support👍 👉🏻Stock bouncing from support📈📈 👉🏻RSI...
Yes! You read that right. So there's a technical reason why NSE:NIFTY is choppy and sideways this past year and a half. In the monthly timeframe, it seems like we're in a Wave 4 Correction that started in Oct'21 when NSE:NIFTY first touched 18000 and is still ongoing. Now if we zoom in on the weekly timeframe, we see something else: An Expanded Flat...