Today nifty gave a flat closing looking to end bearishness amid pullback and so is for banknifty and finnnifty . Structure is slowly turning to bullish but the view remains cautious bullish.Buy on the dip and sell on rise strategy to play with bullishness
The NIFTY index again showing bearishness, with gap down opening. Now price is exactly at the golden zone of Fibonacci retracement. If price takes u turn from this level to the upside...index is once again breaks the ATH to reach 20500 levels soon. While going to upside price is showing some sort of consolidation in the levels 20000 and 19700 levels. So take care...
Weekly Timeframe: 1. Engulfing candle: Depicts bearish sentiment, trend reversal indication. Daily Timeframe: 1. Climax Top: 11 consecutive highs followed by selling. This is one of the characteristics of trend reversal; it is often accompanied by exhaustion, a sudden spurt in volume, and then selling like falling knives. 2. Heavy selling: distribution Signs are...
Index has taken a meaningful correction and is set for the recovery based on pull back and technical data points . As the retailers turned bearish for the coming week, market will try to take stop losses on bullish side
Week Ahead: On Daily charts, the index has lost all its momentum even though the fall has slown down but it has left huge runaway gaps between daily candles. Ideally such situation woul need to trade within crucial candles range and be mindfull of taking trades when Index trades near the gaps, as the saying goes, most of the time index always closes on gaps....
As we have have been discussing nifty fall. Now nifty has come to the 0.5 Fib Level 1H-TF. yesterday it has also proven as support point whole day. we are assuming that it might take support from this point. Reasons : RSI is very low that indicate the weak strength of the trend. and at the same time Oversold the Market. Nifty is taking support at 0.5 Fib...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
The price has recently breached the trendline, signaling a potential shift in momentum. If the price provides a retest opportunity tomorrow, we may consider entering a short position. In the absence of a retest, we will wait for a pullback before considering a short entry. On the downside, we have identified support levels at 20050 and 19950. We will...
The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout. Market structure remains bullish but some...
Weekly Review When you see markets in uptrend you often wait for a colling off in a rally and I believe most of the people whom I talked in last two weeks are totally of the same opinion as well having a bearish view now but let me hold your horses here if you’re thinking the same way too. Nifty is not in an exuberant rally or a steep rally which often occurs as...
Nifty Spot : 20169. Option Strike : 20200 CE & 20200 PE I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE.. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE.. Stop Loss... Above or...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
The price has recently broken its all-time high (ATH) with strong momentum. Following a significant upward surge, it found support at the previous resistance level and continued its upward trajectory. However, today, it failed to break the recent high. The outcome of tomorrow's trading session will be crucial for NIFTY's ability to maintain its position...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling...
After the break of trendline,the Index is continue its momentum towards high... If this rally continues to move upside, we are still pending with some more momentum left, will soon this will touch 20600 levels. Price broken the Bench mark of 20000 level today, but failed to close above the 20K.
Nifty Spot : 19819.95 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week. Draw Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Strike : 19800 CE : Buy At : 98, Sl : 64 Target : 122 Target : 147 Target : 172 Target : 196 Target : ++++++++ Option Strike 20150 PE : Buy At :...
NSE:NIFTY From the 15-31 March reversal, Nifty remained in uptrend and created the channel. Between 4-14 July tried to break out from the upper end of the channel and moved out on 17th July, but soon derailed and got inside the channel, eventually also broke down the lower end of the channel around 14-18 August. Today it is trying to get into the channel, and...
The price has exhibited significant bullish momentum starting from the 19,200 levels. However, before attempting to challenge the bearish gap left at the all-time high (ATH), it's likely to experience retracements towards previous resistance levels. Should these resistance levels fail to sustain upward pressure, a notable bearish reversal could...