as per price action this market needs to fall. For best expiry .
Yesterday I was quite ambitious to call the top at 19334 + or 80pts levels. The opening 45 mts and then the subsequent fall from 13.30 to 14.30 showed real signs of N50 running out of fuel. But one thing that really proved me wrong was the intensity of credit spreads getting written at the PUTS side (bullish sign). Although there was lot of unwinding after...
breck out on trend line and have potential to fall as nifty touched all time high once therefore nifty needs to consolidate a little bit greatest opportunity to purchase put side
Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps...
Observations:: In Higher time frames nifty is still in Uptrend...so we are also be with the trend. The previous resistance 18650-18670 level, price exactly closed in this zone. if this zone acts as support, price will rise again.
As we can see on the chart, the nifty has taken a lot of supports on one trendline and is almost about to break, and as we can see in today's market, bullish people entered and took the market as low as possible, so if they maintain this downside trend, the market will fall starting tomorrow(16/6).
NIFTY levels Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal view only.
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: ...
I did an analysis on the 5 minute chart frame and its falg and road pattern, and nifty also gave a retest, therefore according to my analysis, nifty will open gap down on June 15th. The information and publication are not meant to be,and do not constitute,finacial,investment,trading, or other types of advice or recommendations supplied or endorsed by tradingview.
NIfty for sell side if 18490 break - touch to 18000...................... NIfty for sell side if 18490 break - touch to 18000
While momentum is directing at rumble down of price action, Supply force stands with grave dug. Foreign cues are sad and tomorrow's expiry is going to be bad. Bulls rather take a hike because that's how I like.
Price has reacted to a Monthly Supply in the left side, after reacting to the Monthly Supply Price has confirmed downward potential in the Daily chart forming a Supply and there is a Fresh Monthly Demand formed and Price has to retrace into this Fresh Demand hence downmove of 700 plus points. ENJOJY THE RIDE ! ! !
Observations:: ---->> Price is trading in range after opening gap up. consolidation + Bullish = Sell @ Resistance.(18700 Resistance) Consolidation + Bearish = Buy @ Support (Gap may acts as Support.) If price showing bullish pressure towards 18700, wait here for reversal may happens, previous strong fall area. if price comes back to 18450-18500 levels, look for...
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 ! ! !
This is second update to Nifty50 Swing Short I Posted couple of weeks ago. Short is now considered a success with almost 2% move down from the entry, which falls in line with original analysis where we were waiting for break of wedges in USD/INR pair and Nifty50. and we have gotten that now. Now there is a possibility that the USD/INR pair tests the wedge...
Price has formed a Fresh Weekly Demand and should retrace into it for a pullback, therefore this is a counter trend trade, but with a favourable Reward to Risk Ratio. We have a selling confirmation in Daily and this is a positional Trade in the downward direction should take 15 days to reach the Target. ENJOY THE RIDE ! ! !
The entry has been hit precisely. I would not move the stop loss just yet, until we break below the wedge and stay under it for a day or two. This could be a swing short, so a bit of patience is required to reap good rewards.
NSE:NIFTY Important levels for tomorrow If ₹18050 is broken Short entry: ₹18040 Stop Loss: ₹18100 Target: 1) ₹17920 2) ₹17800 Never trade a short without a stoploss. *Not a financial advice. My charts speaks louder than words. I'm a chartist and I paint charts.