Nifty closed near Supply & Trendline Resistance & so wait for Breakout or rejections at zones Bullish > 22530 Bearish< 22450 All views for Educational Purpose do your own analysis before initiate trades.
Nifty cup and handle is formed, entry is 22380, target is 22700, Stop loss can be 22280
#Nifty Recently Made a Higher high, by breaking an range bound area and sustaining above the Level. Recent fall is expected to be a correction to the Upmove. Market is reaching towards #Demandzone. Wait for #priceaction Confirmation for #TrendReversal
This is the Monthly chart to understand the biggest picture for Swing positions. This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand. Further down in Daily chart we see there is a "Violated...
Nifty was in no mood to let doubters put her down. Bulls are buying back into the Indian dream. Or are they selling a pipe dream to retail pockets? Now hold your breath and look up to see how much profit is enough profit to take home for these big guys.
This is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
These the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete. If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
Index behaviour has been unpredictable since January 2024. None breakouts or falls have been sustained for the whole day, which is a sign of the dirty uptrend, which is not reliable, especially when the Index is trading on ath Intraday Range: 22,430 to 22,620 Strategy 1: The range is wider, so focus on reversals of critical resistance and support. Strategy 2:...
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between...
Price is closed near the Support zone at 22000 levels... we are still left with the liquidity below 21850 levels. Bear Trap:: what happens if the liquidity cannot be done now... If this time price failed to push downside more chances of fall below 21850 levels from topside. If price opens up and continue to move upside there will be one more fall from the...
I have marked all the important support and resistances. You can mark them in your charts and drop a comment if it helped :) Cheers! Happy Trading/investing
#gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week...
Pair : NIFTY 50 Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves
Yesterday, the Nifty 50 index experienced a free fall. The question is whether this downward trend will continue today, especially on expiry day. Every day in the stock market is unique, and to succeed as traders, we must avoid being biased by previous movements. It's crucial to follow the levels. Currently, the Nifty is trading flat, suggesting a higher...
The nifty index is now at Neckline... price is clearly forms a Head and Shoulders pattern... wait for the price to breaks the neckline and retest to go for short side continuation.
Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways. If we look at the chart data now: The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched...
Nifty index is showing straight forward bullishness from the keylevel @from BASE high. Price observed a rally base rally from 21500 levels to 22500 levels. Trendline is also acts as support,to push the price. Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies...
NIFTY INDEX is at crucial support at trendline... after a long time consolidation, price moves upside. DROP BASE DROP is observed previously... BASE acts as resistance it will fall back to below demand zones... we have a strong demand zone lies at 21700 levels... so tomorrow we have to observe this base bottom is pushing the price downside or not... by...