I am sharing the important levels of support and Resistance, based on my personal view. If want to take the trade if any 15-minute candle closes above these levels enter in trade. these levels act as strong levels of support and resistance. Follow for more.
If price consolidates at 19500-19600 range, price have chances of breaking upside... It will manipulate us and again moving upside.. clears the bearish gap left @19750 levels...be careful before short...
Nifty index, After breaking a trendline failed to move upside.... Now after 3 successive gap ups price tested the support again and showing us strong bullish in action. multiple times price taken the reversal from 19500 levels... this level is failed to take the price downside... If this strong bullish momentum will clears an obstacle to reach the bearish gap...
NIFTY index, 3 continuous bullish gaps indicating bullishness... Gap up opening and filling the gap and again gap up opening ... this happens in the last 3 successive sessions.... In higher time frame price action is still bearish, After a strong break above the 19500 levels... a strong fall is observed up to 19300 levels... the liquidity grab on bottom...
After a strong bullish gap...price reversed and entire day is trading in a bullish channel... at the end of the session broken the channel and retested... It has broken the trendline as well... so tomorrow opening is very important for us...to be bullish or bearish... If opens down and continue will enter short side on retracement... or opens down and unable to...
Greetings Folks, today i have prepared a setup on NIFTY50 the analysis is simple - there is a minor range - price trying to form a bullish structure dont play with fire, always use predefined stoploss
The Nifty index is now near its trendline... After taking the support from Right shoulder...it is ready to break the trendline... if price breaks the trendline, we will observe a good upside move... If price breaks the trendline tomorrow might be a trending day for nifty. today price is consolidated in a range... if it breaks upside this time it will finishes...
9 AUGUST ANALYSIS: Daily analysis: PS-Position size Nifty opens: side: if it gives breakout (up 100%) gapup: wait for price-action, buy if market make bullish pattern (100% up) gapdown: sell only below 19500
9 AUGUST ANALYSIS: Daily analysis: PS-Position size Nifty opens: side: if it gives breakout (up 100%, down 100%) gapup: wait for price-action, buy if market make bullish pattern (100% up) gapdown: sell if market breakdown after consolidation (70% down, 50% up)
Bullish gap left @19200-19250 Bearish Gap left @19670-19700 when this gap be finished....?? if price continuously falls tomorrow it finishes the bullish gap. If price showing us bullishness tomorrow,19500 will again acts as resistance.. so in order to go upside, price must be consolidates and has to create a bullish view and retraces back then only, bearish gap...
Price has to reach the Daily Supply which is the target of this Buy Trade, incase if the target is achieved first this buy trade becomes invalid, Price has grown exactly from the entry point and there are unfilled orders for which the Price has to retrace back into the demand. A very high probability Trade. ENJOY THE RIDE
Nifty will be gap Down opening in today's session. After opening nifty start trading Below 19580 level and then possible downside rally up to 19460 in today's session. in case nifty trades above 19600 level then the upside target can go up to the 19720 level.
Buy Above 19623 Tgt 19686 short Below 19566 for Tgt of 19500/19450
I've used charts to show things clearly. On Monday, there are two critical levels to watch. The first is 19,560 – a critical resistance point because the Index has been stopped by it many times before. If the Index breaks past this point, it might show a new trend (a change in how prices move). The second level is the low point, which might mean the prices will...
4 AUGUST ANALYSIS: Daily analysis: Nifty opens: side: wait for further price-action, trade in small qty gapup: wait for price-action, trade in small qty gapdown: if it gives breakdown then selll (ps-50%) big gapdown: buy if price-action formed on buying side
Time to Buy nifty for long traders. Next target 1 will be 19666 and Target 2 will be 19778.
3 AUGUST ANALYSIS: Daily analysis: Nifty opens: side: wait for second half (50% down, 30% up) gapup: wait for price-action, take trade after 12pm gapdown: if it gives breakdown then selll (ps-50%)
2 AUGUST ANALYSIS: Daily analysis: Nifty opens: side: buy if breaks up (PS-100%), down (Ps-70%) gapup: wait for price-action buy on upside breakout(ps-50%) gapdown: if it gives breakdown after consolidation then sell (ps-70%)