NIFTY Index is now at golden zone of fibonacci we are still left with some more points on the bottom side at 21500-21520 levels... previously a strong bullishness is observed as well from this zone... price is also trading narrow in a trendline most chances of breakout from this levels... wait for the price to break the trendline and retest for longer...
Bullish Scenario:: ----->> if price breaks the trendline on topside.. price will reach ATH, and facing resistance at ATH.. before going to reach ATH ,on topside we have intermediate resistances at 22050 level.. ---->>if price opens upside above 21950...we have consolidation chance between the trendline and 22050. If price consolidation for the entire day,...
look for bearish from 22050 and trendline... Keep in long side as long as price is above the 21950 levels... if you want to go short wait for the price to facing the resistance from 21875 key zone If price takes the support at trendline or 21950 go bullish by keeping the SL at Key zone. we have a chance of consolidation between the zones 22050 and 21950 and...
In the trade on Friday Nifty took support at the Mid-Channel support which was also a trend line support which was near 21629. The 200 hours EMA support was also nearby at 21610. So Nifty made a turn around from this support zone. The Nifty stopped and closed the week just below the 50 hours EMA resistance which is at 21795. This will be the immediate resistance...
As of now NIFTY INDEX is still in Bullish. now price is trading near its resistance zone... today's trading session is important to continue moving upwards... if price consolidation price will break the resistance.... we have a trendline liquidity below 21600 levels.... If price unable to break above liquidity will be finish...keep in long side as long as price is...
As described yesterday again the same resistance zone between 21964 and 22063 traps Nifty and pushes it back. Trendline is giving Nifty support and not allowing to fall drastically. The same resistance trapping the candles again and again does not help the rally and makes it weak. Thus the shadow of Nifty is negative. Resistance and Supports for Nifty are as...
Need some more trading sessions to analysis, to confirm upside or downside?? I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling...
Nifty today confirmed the 50 EMA Mother line support and raced ahead only to be stopped by resistance zone near 21950-21964. Crossing and closing above 21964 will unleash further upside and can take Nifty towards 22063 or 22127. Peak of the rally based on the current trend lines can be near 22357. Supports for Nifty are now at 21819, 21779 and finally 21561....
Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24 Nifty closed at 21853 ( Prev Close 21353 ) and touched low & high of 21429 & 22126 RSI and stochastics levels ( 58% & 74 % Respectively). Stochastics is near overbought zone. Market closed all time high and moved higher comparative to last week but is in indecisive state, could not take any direction...
Nifty index is created a demand zone at bottom levels... strong consolidation is observed today on top at Supply zone, liquidity grab is also done above the same supply zone... if it forms a double top here it is likely to test the demand zones lies below 20800 levels if it failed to make it, then a long continuation may again happens from 21300 levels.... keep...
Nifty is squeezing in a tight triangle and within this week or the next will give way on either side with a big breakout or a big break down. Today Nifty respected the trendline resistance near 21832 and also respected the Mother line 50 EMA Support near 21626 where it came in the touching distance near 21658 and reversed to end the day at 21697 just below the...
Prediction Next three months: Level: Alert Action: Accumulate funds for long term investment Nifty50 seems at cautious levels. It seems like market was expecting a boost from interim budget with various schemes , specially for infra boost. Budget has a sufficient amount of fund allocation with continuation to growth and GDP figures achievement plans. But this...
Price is exactly closed at trendline resistance... which is also a strong resistance... I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from...
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling...
Nifty 50 - HH to come to correction . Expected Level - 21600 Strong support - 21500 15 min Support Break .Next stop 21600 ..
Trendline resistance 21800 works again to pull Nifty down. This only shows that the strength of rally decreasing with extreme increase in volatility. There was a news of situation escalating in Middle East and US striving to take some action against the mess created by some disruptive forces in the Red sea. With this news there was selling and profit booking seen...
After a strong Bearishness from the supply zone @21700 levels price gives us some retracement to enter again shortside... If tomorrow price opens up try to be on short side from 21550-21500 levels for targets of 21000 levels. Liquidity lies above these levels. If consolidation happens at bottom levels then we have a chance of fallback to the bottom support at...
Nifty Short , Medium & Long Term View-29-Jan-24 to 02-Feb-24 Nifty closed at 21352 ( Prev Close 21571 ) and touched low & high of 21136 & 21736. RSI and stochastics levels ( 47% & 21 % Respectively). Stochastics is in oversold zone. Market saw huge volatility in the last two week of around 1000 Points, especially fluctuated after results of HDFC bank. Nifty IT...