------->>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...
Observations: -------->>Nifty trending upwards (after a huge gap down means not to sell, its a retracement) ---------->>After a strong bullish movement, after breakout from 17800 levels, ----------->>Nifty gives larger retracement towards 18050 levels, this retracement is to enter again long with the momentum upside towards 18300,18500 levels. --------->>...
Analysis on nifty for upcoming week May 1-5: The Nifty index seems to exhibit a bullish trend in the long-term & in the short-term as well, according to the market structure. In the upcoming week, it's important to monitor key levels 17610, 18090, & 18105. My outlook: After analyzing the chart, it appears that the Nifty index had a strong upward momentum...
Observations: NIFTY Previously showing Strong bearish pressure at this level. NIFTY-- Price leaving a demand zone 18180 if this level acts as support, price reach again 18260 level. --------->> If failed to act as demand zone the same zone is acts as Supply again and price falls back to below 18180. --------->> Go short below for targets of 18060,17950 levels.
Self Explanatory What do you see ? INTERPRETAION IS KEY Comment
Nifty Observations: -------->> After opening gap down ,showing bullish pressure but not able to fill the gap on upside. -------->> Consolidation is observed . -------->> Go short if price breaks 18070 level, for targets of 18020,17980,17960. -------->> Expiry may limit the price movement in the range 18100-17960 levels.
NSE:NIFTY If the rally is over, a H&S pattern could play out. *Not a financial advice. My charts speaks louder than words. I'm a chartist and I paint charts.
Observations: --------->> After a strong breakout in nifty @17800 level, no proper retracement is observed. --------->> If 18200 acts as resistance we will observe a retracement towards 17800 or 17500 levels. --------->> If price break 18200,we have an immediate resistance @18250-18300, a false breakout may happen here @18200. ---------->>Price wants to test ...