NSE:NIFTY NIFTY , Looking Good ! One should go long on Stocks which have been performing good over past few weeks!
Nifty and Bank Nifty analysis with important support and resistance levels for tomorrow, Thursday, 16th February *personal opinion, not a trade advice*
Bank nifty Positional view is very bullish for March month 1) Harmonic Pattern - Bullish Butterfly Entry Levels - 41300-41500 Stop Loss - 40800 Target I - 42805~43035 Target II - 44950~45155 2) 20/100/200 Moving Average The 100 EMA daily moving average is acting as a strong resistance. If Bank Nifty breaks it then sharp...
swing trade before taking trade analyze rr good in this stock
Buy Above - 17960 SL - 17920 Targets = 18020,18080,18140 Sell Below - 17900 SL - 17930 Targets - 17860,17800,17780 Trade Safe, Strictly follow your STOPLOSS Happy Trading Guys
Nifty important support and resistance levels for tomorrow, Wednesday, 15th February *personal opinion* Link to complete analysis
As you can see in the chart. It was a perfect candle taking a perfect support near 17795 zone (Today's low 17800). From where it kept on going North until it was stopped by a perfect resistance of 50 days EMA which was at 17960 (High of the day was 17954.55). Those who doubt Technical analysis and say that these are just post mortem lines without any meaning...
Buy Above - 17780 SL - 17740 Targets - 17820,17860,17900 Sell Below - 17680 SL - 17720 Targets - 17640,17600,17560 Trade Safe & Happy Trading Guys
Dear All, Once again in the yesterday's trading session, we had got to witness how crucial the level of 17800 has become for Nifty. Wherein a strong Resistance is being faced at this level. As even yesterday, Nifty gave us a closing of 17770.90. So somehow Nifty seems to be struggling at around this level of 17800. Therefore, it has now become very important...
We have been seeing from 25th January 2023 that both 50 and 200 Hours EMA are not allowing Nifty to settle above it. Even if Nifty crosses below immediately. Currently the Nifty is below both 50 and 200 EMAs at 17770.9 indicating immense weakness and lack of confidence of retail investors. FIIs are also on the selling side. Only saving grace has been DIIs stepping...
For a short term, escorts look very strong buy. a strong support from 200 EMA and good bounce.
Looking like a Inverted Flag formation or Ascending triangle formation. We need to wait for the Breakout or Breakdown. Note: This is only for educational purpose.
Buy Above - 17900 SL - 17870 Targets - 17930,17960,18000 Sell Below - 17830 SL - 17860 Targets - 17800,17760,17720 Trade Safe & Happy Trading Guys
Nifty 13 Feb 23 to 17 FEB 23 Short ,Medium and Long Term Nifty closed at 17856 ( Prev close 17754) Neutral Strategy was given Last week and as expected market didnt showed any sign to move upwards for the week. Nifty touched a low of 17662 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. Though...
Dear All, As we told you on last Monday, about witnessing the formation of a Piercing Pattern on the weekly chart of Nifty, which was somehow indicating a bounce back in the Market. Fortunately, thereafter, we did witness a beautiful weekly closing of above 17800 in Nifty. So for now, with the support of 17320, the level of 18170 will be our Resistance level...
I see 2 possibilities for Nifty in the upcoming week. If 18000 is breached with momentum, we see an upside till 18350, else a revisit of 17350 is on the cards NSE:NIFTY
Nifty on a weekly chart is consolidating between strong support and strong resistance with a positive bias starting to appear for medium to long term. Strongest support for Nifty is between the zone of 17352 and 17430 (50 Weeks EMA). Strong resistance zone for Spot Nifty is 17916 and 18027. However crossing 18027 is not enough for bulls to take charge of the...