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...
Sell below 15740 Target 15700, 15660, 15600 Buy above 15900 Target 15950, 15600
Nifty has successfully given lower breakout on monthly time frame so I am looking at demand zones marked in the chart and wait to see if institutions are interested to enter at the demand zone
#MONDAY# @VK2413 { Today Indian market will have huge gap-down. It will be opening below 15900. Nifty has shown the resistance to ongoing conflicts of globe. Fallow @VK2413 ❤️,Like🥂, Comment 👍 }
Nifty currently at a very crucial and important support level. If the channel breaks down the market can see a good downfall from this level On reversal from this zone, we can expect to bounce back to the above zone of 17000 and sustaining above that can lead to 18000. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and...
Nifty reversing from the bottom zone and currently moving in a channel. If nifty breaks today's high, it can easily reach towards 16800 and fill the gap created previously. 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...
16200 is crucial support for nifty. if breaks this support next target will be 15900 followed by 15700. Weakness will continue until close below 16400.
Important levels have been marked for BANKNIFTY for 04.03.2022 Read through the chart carefully and use the mentioned levels in your trades in the right way. Thanks & Regards
Nifty 16600 strong support 16800 strong resistance. I am expecting this expiry to be range bound.
If you had been seeing these charts then you might have come across my previous posts that kinda had taken into account the 3% gapdown and the volatility that followed the last coupla days. Needless to say, the volatility is far from over but for now its business as usual. Now if have some experience in this market as a buyer or as a seller, You have been enjoying...
After mayhem unleashed by Geo-political events Nifty has broken it's 50 days EMA at 17384, 200 days EMA at 16719 and 50 Weeks EMA which is at 16416. Closing below 16416 today that is 25th February 2022 will activate the bear zone in full force. All this points 17384, 16719 and 16416 will work as major resistances now. Below current levels of 16247 Nifty has...