Nifty On weekly Chart is Very bullish as price formed Bullish pinbar and Price is getting ready for 3rd wave so entering near 11720-40 with 11660 Stoploss for target of 11900-12000. Risk Reward is 1:1.5
Nifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
NIFTY Bank Index is comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks.
Nifty Bank has been rallying for weeks breaking all time highs at 28400 a few weeks ago. There is a very strong weekly demand imbalance created...
Nifty Is in Strong Uptrend since mid march. Expecting Some Profit Booking Near 52 Week high of 11750 in this Week or maybe Next Week.11750 is strong resistance which would be difficult to cross as no fundamental trigger this week.Risk reward in Both trade is 1:2.Risk Only 1% of Your Capital.
NIFTY SUCCESSFULLY BREAKS THE RESISTANCE AND SUSTAINED ABOVE LEVEL FORMED INDECISIVE CANDLE IN DAILY AND WEEKLY CHART.
NOW IT IS TESTING PREVIOUS RESISTANCE ACTING AS A STRONG SUPPORT AT 10930 LEVELS
NIFTY IS ABOVE ALL THE MOVING AVERAGES (50,100,200 DAY)
MACD TURNED INTO BULLISH
IF IT SUSTAIN ABOVE 10930 MARK IT IS GOOD TO STAY LONG....
IT DOESN'T MEAN TO GO...
LONG TERM TREND IS UP
NIFTY FORMED A BUILD UP NEAR TO RESISTANCE IN WEEKLY CHART
MACD SIGNAL LINE TURNED INTO BULLISH BOTH IN DAILY AND WEEKLY CHARTS
STRONG BULLISH CANDLE IS FORMED NEAR THE RESISTANCE
THERE IS A POSSIBILITY OF BREAKOUT SO BUY IN DIPS AND WAIT FOR THE BREAKOUT.
NIFTY 50 are taking Some Correction after Big impulse.
Trying to makes Falling Wedge which is Reversal Pattern.
if Wedge makes then we can see Nifty 9500 Support Level.
then we can see a Bounce back upto 12500.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only....
NIFTY is approaching our first resistance at 1159.03 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11292.70 (100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
Nifty Has formed strong bearish Candle on Daily Chart and Price may go toward the strong support of 11370 for Intraday.
This week my view will be bearish on Nifty. Best sell level will be 11430-11425 for the target of 11390-11370
In this analysis, we will have a look at the Nifty index from India in the 4-hour timeframe.
Nifty Elliott wave analysis suggests that the rally to 11171.55 high ended black wave ((3)). Down from there, the decline to 9951.9 low ended black wave ((4)) pullback. The internals of that pullback unfolded as Elliott wave double three structure with...
Nifty has broken the previous life time high trend line and again took the resistance at 11050 level. this week nifty could see profit booking from strong supply zone of 11088-11150. I will sell if price comes at 11090-11120 Level with the stop loss of 11200 for the target of 10900-10800
Nifty Has been Consolidation between 10855 and 10592 since last last week of may. Fundamental strong trigger is required to boost the bulls but as of now rising Oil Prices as well as depreciation of rupee is the big concern.I am hoping that nifty will touch 11000 this series because monthly chart is still in bull trend. Best buy will be only above 10855 and below...
Nifty has taken support three times near 10730-10700.After a rally price has sustained this week above 10730 which shows bulls are still in command. I will be bullish on nifty for this expiry and 10855 is the very crucial level for nifty to go towards 11000.
As the 1D Channel Up broke this week (RSI = 43.705, Highs/Lows = -130.6286, B/BP = -168.1442), we should be looking at the next support levels for a possible long entry. The 1st is located at 10,552.30 and the 2nd at 10,475.19 (cross 5H SMA200, 1D SMA50). Utilize both on a tight SL for TP = 10,840. If the 2nd support breaks, it will be a short opportunity and we...