TRADING SUGGESTION: Now we looking the market got breakout the support line ,so enter the strong buy trade.GOOD LUCK . . . . TAKE A TRADE,SIT BACK AND RELAX LIKE AND SHARE
Based on s&p500 index movement on last week, There is a possibility of NIFTY to test 16150 next week, this is purely because of short covering rally as well as to finish the last wave 5 of the ongoing 5wave expansion(C wave). TRADERS can hold their longs with a confirmation of levels 15915,16090,
Throw a look at the pattern. One can very easily judge it's a rounded bottom pattern forming a cup. This is verified by the increasing volume after it rises from the bottom most region. Long term view is "LONG". Just let it reach near the boundary of the cup pattern or the support line . From there onwards and if RSI bounces back you can take a long position....
Disclaimer: We are not SEBI registered analysts.All information/calls posted here are for educational purpose only.
!! SL Is Always mandatory !! :-) HappY Trading :-) *I am Not sebi registered analyst*
Wave 'C' emerged as a DISTRIBUTION patten(FLAT) unlike SHARP REVERSAL(ZIGZAG). Here you have 5 good opertunities for both long and shorts( as we PA traders like to trade both sides) Blue line is expected path of NIFTY next week (approximatelly). It is normal to have a FLAT pattern after a CLIMAX rally where more YOUNG traders rushing to 'BUY' the shits of MONKEY's
NIFTY BUY ABOVE 14220 TGT 14250 / 14280/14310 NIFTY SELL BELOW 14161 TGT 14131/ 14101/14071 Disclaimer : Trade at your own risk
NIFTY BUY ABOVE 14042 TGT 14071 / 14101/14131 NIFTY SELL BELOW 13983 TGT 13953/ 13924/13894 Disclaimer : Trade at your own Risk #nifty50levels #nifty50priceaction #nifty50trend #nifty50analysisi #nifty50price_targets #nifty50tradingplans #nifty50
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...
As expected, Nifty pulled back today. But, it could not cross the resistance. So, it's dancing between support created by previous breakout and resistance created by previous support. That's a strong support. But the weak resistance held on to its own. And the bearish engulfing candle from yesterday says bearish chart. Take trade only when the direction is clear...
Hello everyone, Last week we had given a short from 12000 with 12030. The index high is 1224.55. The index has fallen like a knife from this level and made 11664.00 Low almost 336 Points in the previous week. Hope you guys have made good money last week. Now the main question is what will be our setup for this week and what position we will be preferred in a...
Hello friends, Hope you guys have done good in the last week and made some good money from the trading. I had seen that lot of peoples want to trade in Nifty and Banknifty Index just because of the volatility. I do agree that Index always has an opportunity for a knowledgable trader but the worst part is Index momentum is very hard to predict in the Intraday and...
Nifty appears to be forming H&S top, with one leg up if we break then might be able to see 10,000 by November towards US election month. 10,000 also align to H&S top target, let see how this play out.
#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...
This Week Nifty Level As per My View is 11200 up side (strong resistance) and 10500 down side (strong support). This idea is sharing only for learning purposes.
The channel here contains all the price action that has happened from March Lows. Currently this channel has enough room on the upside to allow for any major rally. If the worst is over than this channel should continue to hold and we will only witness a breakout on the upside eventually. On the contrary if we see that prices break below the lower trend line it...