I posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join...
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
observations:: Price closed @ Supply zone. previously A strong fall is observed from this place... In this zone price is again showing consolidation and moved up. If it is a Accumalation + Manipulation = Only Dstribution is left. if tomorrow price falls below the demand zone, then will go for sell on retracement to below levels.
2 months duration a cycle extends to usually, 15th is the time when momentum shifts and 5th day is the day velocity stops and moves backwards. By this theory today's ignition will take Nifty back to 18500 but do not forget the rally to the 19000 levels is yet to come and would be dreadful for bears.
NIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: ...
The Ten point range between 18768 to 18778 proving to be resistance once again. Nifty however closed above the strong support of 18728. Other supports for Nifty are 18656 to 18639 zone (Strong Support). Below this area Nifty has support only near 18555, 18465 and 18417. Resistances for Nifty on the upper side if it crosses the zone of 18768 to 18778 are near 18831...
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Last 3 weeks or so we saw the Importance of mid channel line in parallel channel tool. Thrice Mid channel line supported the Nifty and Nifty bounced from there. When a support is taken multiple times mostly it becomes weak. This led to fall of Nifty below Mid channel line. Once the price is below the line which was a support. The line becomes a resistance. Mid...
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
It might be a gap up/down morning tomorrow, but all we traders need to think is should we ignore the reversal pattern that erases bearish momentum at each interval since past 3 months, yeah because this will be the choice in front of you to decide whether we support the narrow lane of downside or enjoy the swift train which has stations above 19000 levels.
🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 12 - 16 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18250, 18530, 18535, 18660, 18775, & 18885. 🔎My outlook: The outlook for the upcoming week’s...
Yesterday we had given 18721 as an important resistance for Spot nifty. Today it has closed just above it which is a good sign. It was not a strong close but it was a good close. Key Resistances now are 18778, 18824 and previous All time high of 18887.6. Supports for the Nifty will be at 18721 it is a weak support as of now. 18683, 18639 and 18572. Relative...
If market opens above 18700 and then give breakout after consolidation, we can buy. Nifty is not good zone for sellling. We can enter banknifty for selling if market opens with big gapdown.
Mid Channel Line providing a moderate support to Nifty in the second half of the day in last trading session. As you can see from the chart Mid-Channel line drawn on the hourly chart provided a solid support to the nifty as the Nifty jumped from 18531 to close near 18599. Supports nearby are now at 18531 and 18507. Resistance zone will be 18639 and 18667. Above...
If nifty breaks upper level of 18640 then we can buy in full quantity if nifty breaks lower level of 18580 then we can sell in small quantity for a target of 30-40 points. Big selling pressure will come only below 18500/18480 level. so between 18640-18500 trade in small quantity
Asian paint has given pattern on daily chart. We can expect a big moves in Asian paint. One should hold Asian paint for a short term.
Observations:: Price is exactly closed near the Previous Strong Resistance, If this acts as support will observe bullishness towards 18600,18700 levels. If price breaks 18700 levels, it may touch ATH as well...will see this later, it will touch or not. Until Keep watch these levels. We have a demand zone @18200,which is a strong demand may acts as support again.
Nifty Closed well on a testing day, another test awaits tomorrow as the world awaits result of Voting in US Parliament to resolve Debt ceiling crisis. Global indices are down and awaiting the result eagerly. Support that spot Nifty has is today' low of 18483 from where the Nifty managed to recover today. The support may be tested tomorrow again. Just below it we...