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Nifty50pricetrendanalysis

NIFTY50 at important 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 index is losing momentum on the upside. Pattern ABCD pattern is completing at 11184 levels, which aligns with price action levels - 11100 - 11200. So what to do now? Since the structure of the index is positive .ie higher highs and higher lows, we cannot turn bearish on the index, the only thing we can do here is to stay cautious or trade light or trail the trades, so that don't feel the FOMO. Or Instead of index trading, take stock specific trades, until we see some clarity as to the direction of the index,
NSE:NIFTY
by manuagarwal21
1
Nifty: This channel will tell you if there is another leg down 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 will be first indication that we may be seeing a second leg of the fall we witnessed in march (less likely).
NSE:NIFTY
by yash_utmani
Buying Opportunity Nifty 50 Call option or Long FutureHi Traders, I found an opportunity on Nifty 50, as the market is consolidating from a few trading sessions. Type of position:- 1. Buy Call Option 2. Write Put Option (Sell Put option) 3. Buy Nifty 50 Future Entry:- 8290 Target:- 8500 Stop loss:- 8125 Terms used on the charts are my own a. Fakers:- It means institutional traders are driving the market ahead to its usual point to manipulate traders mindset, They generally know where traders keep their stop loss & once they hit that spot traders will lose money. b. Money Spot:- It is the spot where you can make money, where the probability of success is high. Thank You
NSE:NIFTYLong
by Big_Boy_Territory_169