MARKET ANALYSIS: After a week of bear runs, Now the market has reached the demand zone and will be reaching the supply zone soon. If the market is able to break the supply we an see a next rally to the higher demand zone near the 10800 level. So lets wait and see what the market does in the coming days. Cheers!
Bullish engulfing formed on 2 hr time frame and possibly 3rd wave ended, might form double bottom @5th wave on hourly chart if 5th wave is not very strong and demand continues to come in...
Nifty Harmonic Pattern Analysis
Technically, Nifty is expected to bounce from support of 9685; and if it successfully does so then the next target would be 10128 for the 5th subwave of the 3rd. My only concern is the bearish global market sentiment due to geopolitical tensions between US - N.Korea and India-China Doklam standoff heating up. If the Nifty trades below 9685, I would consider it...
Amidst geopolitical tensions Nifty 50 ended with a doji indicating supply was drying up. And Nifty landed on a support amidst heavy selloff due to geopolitical tensions like N korea -U.S, India-China border standoff and also 11 Aug 2017 Friday, being the last day of the week. Technically, Nifty ended with a 4th wave on a support and might resume on upside after...
Nifty seems to be in an Ending Diagonal and the way its correcting indicates that there is one more higher high to be made before a deeper correction. I see that we are about to finish the correction and if Nifty breaks out the correction to the upside, it could mean that its a buying opportunity.
Strong bullish trend on Bank Nifty Indian index, long term longs at monthly demand level around 18.750. New levels of demand created, supply zones eliminated. Price has been rallying very strongly lately, expecting a bigger pullback to go long lonterm.
Various bullish indicators, the 161.8% point is 9630
NIfty50 is likely to give its next leg rally, if the elections results are in favor of market. If not then their would be little correction, then again the rally will continue. Either way their is no stopping Bulls.
Their is still high possibility that the Nifty will yet give it's last break out, so don't go totally bearish. More over their will coming the results of UP elections. So the moment will totally depend on that.
Nifty Weekly chart had given a huge Bullish patter and that is the inverse Head and shoulder. I will highly recommend to Buy at any deeps or corrections.
There is a potential double bottom set up @ 0.5 fib retracement in the day/week chart. -Long-term trend and the cloud held pretty well -Stoch & MACD looks good -RSI could form a break out See next week if we can stand above 8275
Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of...
If you have taken buy position on Nifty then as per now, Nifty have minimum upside left of 8135. There is only 10% chance of It Hitting SL, SL at 8061 is recommended. Nifty SL 8061, TGT1 8135, TGT2 8165