NIFTY50 Chart Analysis: Head & Shoulder Pattern in HTF Points to Possible Downside Move As of May 2, 2023, the ₹NIFTY is currently trading at ₹18150. However, a chart analysis of the higher time frame (HTF), particularly the 3-day and weekly charts, shows a head and shoulder (H&S) pattern forming, which could indicate a potential downside move soon. Left...
last leg of correction as per wave theory remember panic must be created if a bottom has to be made will update when needed short term bias is not positive but there is nothing to worry as for investors
BUY ABOVE - 18120 SL - 18040 TARGETS - 18270,18350,18450 SELL BELOW - 18000 SL - 18090 TARGETS - 17900,17800,17750 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
#Nifty50 trading levels for may 2nd. Develop your intraday trading skills with these levels.
After the much awaited break out of Nifty which was playing in the range between 17900 and 16900 it is the time for the strength of the rally to be tested. Nifty has to battle some important resistance next week to sail further upwards. All eyes will also be on FOMC meet of US Federal Reserves on 2nd May 2023. I don't want to sound pessimistic but everyone should...
Don't be super excited with the Nifty move. Add longs but trail your profits - Up move is not justified. Follow Strict SL and as per your risk appetite. PS : Only for learning purpose. Please consult your financial advisor before investing.
#Nifty50 Friday trading setup. Trade only after the 15 minute candle closes the levels shown. Bearish below 17800 – Bullish above 18000
We can expect BOOM BOOM BOOM tomorrow or in the coming week. It is a clean Breakout for NIFTY50. Support Levels are at 17779, 17687 and mega support of 17541 to 17584 zone. On the upper side the resistance are near 17986, 18042, 18272 and 18466. Let us see how far the Fizz can take us tomorrow. More importantly can the Fizz last over the next week too?
NSE:NIFTY is reaching the strong resistance area and a short trade here with a stop loss above 18000 is the viable trade to target 16000
BUY ABOVE - 17800 SL - 17740 TARGETS - 17900,18000,18120 SELL BELOW - 17750 SL - 17800 TARGETS - 17660,17580,17480 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
#Nifty50 expiry day trade levels. Check key scalping levels at 15 minutes and 5 minutes.
BUY ABOVE - 17800 SL - 17740 TARGETS - 17900,18000,18120 SELL BELOW - 17750 SL - 17800 TARGETS - 17660,17580,17480 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Look at the yellow circle. The blue line is exactly where the Nifty stopped. That is a strong resistance crossing this resistance we may face next resistance at 17863. Supports on the lower side are the same are 17552 and 17532. If 17532 is broken we may see the levels of 17467 and 17198. For Now everything looks good. Above 17863 we will see resistance near 18092...
Nifty50 Tuesday 25/04/2023 trading levels . This breakout strength will only be confirmed by the end of this week. So it is still good to trade in small quantity.
Dear All, It was an amazing day yesterday . Wherein, we had observed that after a gap up opening of 17707, Nifty had made a day’s low of 17612 and had thereafter made a sharp recovery from that level. Overall on the hourly chart of Nifty, we can now observe a head & shoulder formation . Wherein, the level of 17800 can be considered as its neckline ....
Nifty on the back of momentum in Small and Mid cap stocks combined with some good results is taking Nifty higher after a week of consolidation. If 17863 is taken down we may see the rally continue to upto 18092, 18360 and above. 17532 to 17552 are strong supports as the levels are 50 and 200 days EMA. If 17532 us broken the other supports are near 17467 and 17198 levels.
Nifty now in golden ratio ,once its breaks the level (17870) then we expect 18000 - 18500 levels, otherwise will see 16000 levels
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)