What good is the fall if the lower levels are not visited. Again that is if we dont care about the weekly candle closing. Let it come down ad visit the 21777 level before it flies again.
BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 21960 SL - 22020 TARGETS - 21900,21850,21800 NO TRADE ZONE - 21960 to 22070 Previous Day High - 22300 Previous Day Low - 21960 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello, TradingView community! Today, we're diving into a detailed technical analysis of the NSE:NIFTY index, which has shown some interesting movements lately. We'll break down the technical signals, look at the potential implications, and discuss what to watch out for in the coming days. 🔍 Overview of Recent Trends The NIFTY 50 has been following a...
Nifty 50 is currently trading within a Channel. This analysis suggests a short-term or swing trade approach. As the market is currently trending downward, consider using Trend Continuation technic and Fibonacci Retracement for your trading strategy.
A break and close below yesterday's lows can take NIFTY to 21750 levels. This would not have been a fleeting thought if it was not for the election result scenario.
BUY ABOVE - 22350 SL - 22300 TARGETS - 22420,22470,22510 SELL BELOW - 22240 SL - 22300 TARGETS - 22200,22160,22100 NO TRADE ZONE - 22240 to 22350 Previous Day High - 22350 Previous Day Low - 22200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
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Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a...
BUY ABOVE - 22350 SL - 22300 TARGETS - 22420,22470,22510 SELL BELOW - 22240 SL - 22300 TARGETS - 22200,22160,22100 NO TRADE ZONE - 22240 to 22350 Previous Day High - 22510 Previous Day Low - 22240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
I was reviewing long term EW counts of NSE:NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart. Blue Alternative Let's start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from Covid lows of March 2020, ended in...
Here are some pointers to keep in mind: - One year-long consolidation. - Clearly defined support and resistance. - 6 Week consolidation at the resistance zone makes the resistance weak - Recent breakout was prevented with a long upper wick. A.K.A Sellers present. - Margin of Safety is a mere 6% ( CMP vs ATH) - There is no clear winner yet as the signals are...
If we consider the high and low of the last day candle in futures as a range, a break in either direction can give a sharp sting that way before turning and going the opposite way. This is just a story that played in my head. And the probability of this being on the down side seems more likely. 22350 and 22300 may be likely in this case before we see a short...
BUY ABOVE - 22470 SL - 22420 TARGETS - 22510,22550,22600 SELL BELIW - 22420 SL - 22470 TARGETS - 22360,22270,22210 NO TRADE ZONE - 22420 to 22470 Previous Day High - 22600 Previous Day Low - 22420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Shorters at 22800-900 range have proved me wrong. I should have thought of the "Retracement" shorters, who are essentially piggyback day traders who wat for a retracement to institutional bulk orders and punch in their own, hoping the levels hold. Plus the news of taxation, did th trick. In this case, we should either fly or Consolidate. Not fall further.
BUY ABOVE - 22550 SL - 22510 TARGETS - 22600,22640,22710 SELL BELOW - 22470 SL - 22510 TARGETS - 22430,22360,22320 NO TRADE ZONE - 22470 to 22550 Previous Day High - 22780 Previous Day Low - 22360 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty in past 7-10 trading sessions... trading in range 22200 to 22800 With Volatality (due to Geopolitical News and US Mkts and More Data from India and International Mkts). But as we are awaiting Election Results... Any DIP seems to be bought into with sentiments riding high on Current Government to Continue .... giving hope for all the major growth work to be...
Greetings traders, I'm excited to share my trading plan for the Nifty50 options from 3rd May to 9th May. Let's dive into the analysis and potential scenarios. Bullish Outlook: Firstly, I hold a bullish sentiment for the Nifty50 9th May expiration option contract. Based on my analysis, I foresee two possible scenarios unfolding during this period. Scenario...
As per neowave analysis wave D is to unfold its mega wave ''C'' wave A and B are Flat to reach the 1.618 of previous wave today this will happen ,from next week onwards you can see the ABYSS All important levels are given in the chart, trade accordingly. This is as per wave theory, real time application into trade is on your risk