Market took a support at 17600 on Friday breaking a three-day correction after a massive run which took Nifty from the levels of 15671 to 18095. Nifty ended at 17784 which is just below two important resistances of 17855 and 17931. If it is able to cross these two resistances and is able to consolidate above 18,000 levels, we may see a new high on Nifty within few...
Two things can bring Nifty back to the Positive territory tomorrow: 1) RBI keeping the REPO rate unchanged in the meet tomorrow and don't turn hawkish. 2) Formation of positive divergence on hourly chart. (Which might have already started during the last hour of the day today). Supports on the lower side are 17637, 17560 and 17440. Resistances on the upper side...
Scenario 1 The chart pattern looks like a descending broadening wedge which is a bullish continuation pattern. I am expecting bottom to be around 15000-15300 levels if the above mentioned pattern plays out. For more confluence to my idea, you can check volatility index and dollar index linked below. VIX is at reversal point with bullish divergence in RSI and...
Dears, You can see the pole and triangle flag pattern, retest and short the position.
After yesterday's BIG move due to HDFC Twinc now Nifty need to be cool down to go more. Currenlty, Nifty is trading in triangle patter. its verymuch imporatant for Nifty to corss yesterday's high and sustain. currently it is forming double top patter on 15 min time frame. Down side 17900 is very much important support zone for Nifty. if nifty sustain and not...
Nifty has given a nice closing above 18000 levels. After a initial buying it retraced its fib level of 0.368 and 20 ema on a 15 minute time frame. If market cross and closes above 18140 Resisitance level it can run further. Support :- 17900, 17800 Resistance :- 18135-40, 18320. Today high can be treated as a resistance. Watch for a double top or breakout...
Market has shown immense strength this week closing at 17670 which is more than 3.02% from last week. Nifty is now headed strongly into a resistance zone and we might witness a clash between bulls and bears the coming week. The strong resistance zones will be 17709, 17819 and 17951. If Nifty has a massive continued bull run in less likely circumstances, it can...
bank nifty to move towards uptrend on upcoming days ( 28|3|22 )
Nifty is opening flat. Interaday support is placed at 17180 Intraday support is placed at 17070 There are 2 unfilled gap you can spot ob the chart Trade setup Breaking above 17180 Target 17280 Breaking below 17080 Target 16990
Nifty traded as per our yesterdays levels today its traded between one range and taking support & resistance accordingly. once we can see bullish candle near support or Bearish candle near resistance we may enter with small SL. You can study at your side before entering in trade. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered...
Nifty currently bullish and started it's retracement move. Expecting it to fill all the gaps created in the previous week. If we draw a fibo, we can see the 16360 point to be somewhat near to 61.8% level. and it will be a good chance to bounce back from that zone. Expecting a pullback or bearish side move this week which will be followed by a bullish move to newer...
On hourly time frame raising wedge pattern is clearly visible and trading below 16840 will activate this pattern. Sell below 16840 Target - 16670 Buy above 17040 Target - 17222 Like Share Follow for more charts #nifty #niftyexpiry
Nifty breaking the trendline and finally going bullish WAIT for a retracement till 17750-17000 for fresh long positions. Reliance as well going to break the trendline. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my...
Bullish Symmetrical Triangle has been formed and the range for Upward movement is 17000 and if the trend is downward, then the rally may extend upto 16200. This post is for educational purpose only. Happy to take comments and feedback.
Chart doesn't look that good on the weekly for Nifty, if it cannot hold the 16k levels - next pivotal target is around 11 413$... Be careful with longs on nifty if you play the indian market.
1. Nifty is trading in descending channel, it had almost touched the upper trendline but short covering happened when it went near that trajectory, same level represents resistance zone at 16800. 2. I often use Bollinger Band to asses the pick and the bottom of Nifty on daily time frame, where I observed constant rejection from mid-line of Bollinger band, somehow...
We are seeing a very sharp movement on the upside from the past 3 trading sessions. Today Index opened the gap -up, but did not sustain the higher levels, saw some sell-off, and closed in red forming a moderate candle( Not very useful) Though one can notice, open and high price is same, and the price is also near strong resistance. i.e 16800-17000. Hence it...
Nifty did take support at the levels I have identified well in advance and bounced well from it. Now the question is, is this bounce/rally going to sustain, well we don't have an answer for that as yet, there are many stocks that have broken their important support and on the other hand, there are some stocks [ IT, Power, Pharma} which started showing...