The ongoing recovery wave(Not impulse wave)Labled as W,X,Y,X,Z
The interesting part is, wave 'Z' should be less than wave'W' for the end of Recovery(4/B)as triple ZIGZAG
But wave'Z' is more than1.382 times of wave'W' but less than 1.618*W.
This situation has two chances
i) Either WAVE 'Z' completed(since C<1.618*A) OR
ii) formation of expanding triangle in...
Long-term Bias (Weekly): Definitely Bullish
Medium-term Bias (Daily): Definitely Bullish
Short-term Bias (195 Min): Bullish
Nifty had bounced sharply from the support suggesting good bullish move on the upside. ,my short term target is 16200 for next 1-2 weeks
let us see if this view works. I will stay with bullish bias, until I see spot bearishness
Important levels and my reading of NSE:NIFTY and NSE:BANKNIFTY for tomorrow. Disclaimer: not SEBI registered. Please like/share/subscribe on YouTube if you found this helpful and follow on TradingView.
Good Morning everyone,
Hope you all are doing great and did good in the last week, Index short term trend is bullish and we have seen 500 points up move in the last week but the main problem is Index momentum in intraday is so choppy & messy and most of the movement comes with a gap up then the market turns sideways all over the day which is not tradable in the...
ac we can see there are regular Bearish Divergence with MACD Lines and Histograms which is the sign of trend reversal and price correction...
the index was bullish from march 2020 as the corona pandemic made a huge fall in the economy so post pandemic we can see the market had a bullish return to its past trend and even made new ATH, so to me we are now at the...
Nifty50 is in strong uptrend and my personal view on Nifty is bullish medium to long-term.
However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter.
That's why you need to know from where Nifty50 might bounce back. So, I draw key diagonal Support and Resistance level.
Wait for these levels...
#nifty50 has reached an important level i.e 11200,
Why Important - As its a level from where we had seen straight fall in nifty50.
Current Price Action Observation
Check the size of the candles of the last two rallies, most of them were indecisive candles.
Check the difference between the peaks, they are contracting.
Currently, price action, suggesting that the...
Hope your weekend went good and you guys enjoy your holiday :P Last week we had seen massive gap up and gap down in Index. 20 lac crore simulation package has given some hope but Market has rejected it badly and Index did not sustain high level (9560) . Currently Index trading in a range. Upside level is 9300 and downside level is 9000 .Government...
Good Morning Everyone,
Hope you guys has did good in yesterday trading session and made some good breads in Intraday. Index moves are hard to predict in these days because of massive gap up and gap down Opening.Government tries their best to not let the market down but Market sentiment rejected there every attempt. This lock down is not gonna ending soon and...
Hope you guys didn't get Bored in this lock down and still making money from stock market. Nifty Move and momentum both is damn volatile in these day. Government tries their best to not let the market down but question is how long will they hold and in this negative sentiment and does 20 lac crore simulation package does the help market ? My ...