#Nifty had witness a good profit booking yesterday during lunch time but had recovered a bit at the closing. During this course of trading, Nifty has formed a broadening formation on the charts which has the characteristics of high volatility. Generally a clear trend emerges only after the breakout from such formation but for intraday or short term view, we may...
Hope you guys have done well in the monthly expiry and made enough bread now let's talk about today intraday and for the Next week as well. you have seen that how Harmonic patterns work and can count every and each swing. You Just need to understand the momentum and the Market structure.
Nifty is Trading on their resistance as per Harmonic...
With all odds absorbed NIFTY will make its landmark figure 16000 on 10/06/21
It is a simple ABC correction with C=1.62*A
nifty will hold this level for day long so ,the TRADE PLAN is
take LONG today (09/06/21)for profiting long calls.
take SHORT tomorrow after 3.15 pm(10/06/21)and keep it for 3 days for 15450 levels
Nifty is forming Deep Crab in 1 Hour and 2 Hour and pattern is confirmed.
It is still not bearish at the moment therefore, please wait for some signs of weakness.
Per Scott Carney (Harmonic Trader) , SL for Deep crab should be around FIb level 2 of XA Leg.
Other possible levels are 2.618 FIB Extension of BC Leg and 1.618 FIB derived from trend based FIB from...
Nifty Future looking bullish
One can go Long now or in dips with stoploss of 14990
All the key levels are mentioned in chart with Stop-loss and Targets
Macd in daily positive
Macd in hourly positive...
NIFTY 50 has been taking support continuously on 50EMA.
Whenever 50EMA is broken, 200EMA works as SUPER SUPPORT.
NIFTY has already taken support on 200EMA yesterday,
& today it has bounced somewhat.
The market scenario for NIFTY 50 is presently suggesting BUY.
YOU CAN GO LONG ON NIFTY 50
HEY GUYS HOPE ALL ARE WELL
MARKET SHOWED A BULL MOVEMENT AT THE FIRST HALF AND IN THE SECOND HALF IT JUST SHOWED A TOTAL BEAR MOVEMENT.
SO AS PER THE TREND AND AS PER MY ANALYSIS IF NIFTY HOLDS AND SUSTAINS ABOVE 15600 IT CAN SHOW A MOVEMENT TOWARDS THE TARGET.
GIVEN SUPPORT MAY ACT AS A TARGET IF IT FAILS TO HOLD AND SUSTAIN.
can follow same bar patten of 31 jan 2018 to 21jan 2020 again
it is confirm bullish trend
lets see ,follow the trend and buy your stocks
no indicators is used in it
pure technical chart formation
there is no 100% in stock market 😅
except your returns 😎
Despite showing strength for most of the week, the #stockmarket tumbled with #nifty and #banknifty falling quite drastically from their highs.
However, they are both above the 50DMA and are still well within the bullish channel which still makes the top two indices of the share market bullish.
Important Nifty levels and Banknifty levels for tomorrow:
Recovery wave ''B'' , overshooted wave ''A'' @ 15660 ,and DOUBLE TOP pattern completed on 1st june/21
Wave ''C'' started and from 3rd june/21 profit booking will bring nifty to 14728, before 10th june/21
Enjoy BEARS short below 15430
Nifty fut currently trading in a rising wedge pattern.It will keep growing until pattern is broken.Don't go short until the pattern is broken.i draw a parallel channel and avoid new selling until the parallel channel is broken.Expecting upside target is 15920.do your own research before take trade.good luck all.