If market breaks 18280 then chances of nifty consolidating between 18400-18100 in this month becomes much greater. So you could trade for small targets in between
Observations:: Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish, we have one more supply zone below @18260 if this pushes the price up again bullish ?? After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels. consolidation + down move= up side Look for...
-------->> Nifty Moderately turned to be bearish. ------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels. -------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels. 18120 Level will push the price above 18200,18260 and 18340...
Price has formed a Daily Supply which is The Source of the DownTrend and There is a Weekly and Monthly Demand formed for which Price will surely retrace, after reacting to the Daily Supply Price formed a 2H Supply which is coincided with the 4H supply and This is a Trade Zone for Shorting Nifty ENJOY THE RIDE ! ! !
Price filled the gap and started bullish price action on Friday Positional to intraday set up with support and resistance is marked on chart to trade for Monday The structure again looks like buy on dip set up until high printed on 15 may is touched again [
Observations:: --------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels. ---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level. If facing resistance...
Nifty took support near 18115 and is trying to bounce from there on the way up 18235 to 18270 zone which wich was a great support will prove to be a strong resistance. If that hurdle is crossed Nifty can travel back to 18308, 18346 and 18384 or even 18400+ staging a V-shaped recovery. Before that happens it is important to cross 18235 to 18270 zone. Supports at...
------->>Price is clearly broken the support @18200 level strongly. -------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed. --------->> now price wants to test which level,18260 level where a strong gap down occurs previously. ---------->> This will again act as resistance, but...
Observations:: Left shoulder @18340 Head @ 18400 Right Shoulder @18340 and Neckline is observed at 18200,if price breaks neckline we will observe a strong fall towards 18120,18060 levels. ---------->> we have gap left @ 18060 level, price may goes up again from here. this level will push the price upwards again. ---------->> Be careful at 17960 and 18060 levels.
What was depicted yesterday was very similar to what happened. Channel top proved to be a tough resistance to conquer and Nifty today rested just above mid channel line at18286.50 We had very accurately indicated the support at 18284. This is as precise as you can get with Technicals😌😊. Now What? We have this support or the next support at 18267. If 18267 is...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
Nifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green...
If you see the chart of Nifty, you will realize that The reason why Nifty rejects from 18350 is that it is now away from the daily trend line, so once again Nifty takes the support of the daily trend line and goes up.
Observations:: GAP DOWN opens ---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels. ---------->> Previous supply zone @18200 level resist the price to go down. If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels. if price...
Observations:: ---------->>Price opened gap up and observed a strong fall + consolidation. ---------->> Previous supply zone (gap down) range @18260 level resist the price to go down . If tomorrow price breaks this level, we will observe a strong fall towards 18200,18120 levels. if price again breaks 18180 levels, 18120 level acts as a pullback to 18180 level,...
Pair : Nifty 50 Index Description : Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Retracement Divergence - RSI Break of Structure Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave SMC - CHOCH Fibonacci Level - 78.60%
Observations:: ---->> After gap up NIFTY clearly showing bearish pressure towards 18200 levels, if again price goes below 18260 levels, we will go for selling up to 18200,18120,18060 levels. ------->> If any one of these levels acts support price will again goes upside. -------->> Wait for more confirmation at 18200-18180 range to break and pullback to 18260 or...
Observations: -------->>Nifty trending upwards, today it proves that it's a retracement not a reversal sign. -------->> Again showing bullish movement in nifty, witnessed buyers are still in control. today bullish move created to exit the long positions?? why don't we think sooo.... -------->>We suspect that if it is a false breakout in nifty above 18260 level...