NIFTY : bounce perfectly as mentioned last time, we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :) What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch. It will motivate me to pose more analysis if you can Like, Share,...
Nifty Hourly Trade Plan for 22 Dec 2022 Hourly Trend - Down Scenario 1 : Gap up Action - Wait for Upper resistance levels to Short for the target of lower end of the channel Scenario 2 : Gap Down Action - Wait for lower support levels to buy for the target of mid range of the downward channel and Short again for the lower end of the channel
#nifty50 1. Daily Chart Opens with a slight gap Did not sustain Closed near day's low Formed Bear Candle Expectation for tomorrow Gap down or flat opening Sell on rise Resistance @ 18400-18420 2. Hourly Chart LL, LH structure. Immediate resistance 18260 - 18300. Sell on Rise If we see a pull in the initial hour, watch for a sell signal near resistance. There...
The index is moving in LL pattern and the bounce could be a retracement of current bounce so be careful bulls and we can see a good correction in any moment of time till we are trading below 18700.
Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. Tweets neither advice nor endorsement.
Markets Plummeted after US Federal Reserves increased interest rates by 50 bps and further announced more tightening till inflation falls to 2% in US. More than 50 bps hike it was this Hawkish posture that led to meltdown in global indices. Although India looks like one of the brightest glowing stars globally both on Micro and Macro levels, we cannot totally...
Today the index broke a crucial support also this was the break of 1st swing low on hourly TF. expecting further down move in index. SL 18450.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.Tweets neither advice nor endorsement.
Hey friends, here with i have shared my analysis for 14th sep and logic of todays trade.
Target and SL are marked along with key levels of Support and Resistance.
Hello everyone. We just recently closed this beautiful trade on BANKNIFTY. Keeping the daily Bias as bullish, we caught the trade on M5 and executed on M1 timeframe. Please pay attention to the annotations made on the chart. THE MAPPINGS WERE MADE ON THE 5 MINUTE TIMEFRAME. SINCE TRADING VIEW DOES NOT ALLOW LOWER TIME FRAME RESOLUTIONS TO BE UPLOADED ON PUBLIC...
After breaking the level 18000 nifty gave a staright uptrend of almost +700pts in 9-10days and made a all time High 18890( round figure) since then it started making a lower low and lower highs structure that shows a correction in nifty After market opens nifty doesn't give much chances to option buyers / intraday traders or specific bull's to get a good trade it...
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
Nifty opens Gap down at 18600 vs the previous close at 18701. Since nifty opened at support around 18600-18550, we saw some recovery from there and it closed near the day's high at 18642. Now what's for tomorrow:- Above 18550 - the next resistance is at 18700-18720 Immediate support @ 18550-18600 Sustaining above these levels, the index can move towards...
Don't forget to check out the chart analysis posted a few hours ago. Here I'm assuming with 15 minute time frame, that would give more clarification for a short-term upside potential or a retest possibilities to the all-time high area. As you can see from the chart, Nifty has formed an inverse head and shoulders pattern today. If Nifty can break the neck level or...
since 2 days the index is trading in a range and today it complete the pattern of Inverted HnS on a 15 min TF.
18620 - 18675 is the demand zone of nifty and till the index trading above this zone its go long on dips but once we sustain below this range on hourly chart then its a sell on rise.
Nifty is continuing the trend, but what happens now? Remember that it is only a correction, this movement can be considered as a correction part of the trend that started from September 30 so far. According to the Elliott wave, if the current correction is falling up to 38% to 68%, then it can be considered as the 4th wave correction of the five wave movement that...