As mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this...
The market is facing an interim correction from today's high (as we can infer the pattern completion in Hourly charts (11-3-&7). It will fall to the areas through the supports as mentioned below, The support will be as follows 23318,23157 & 23,035 (strong)~22960. Apart from these, the coincidental areas can be found between trendlines & retracement as projected...
Nifty Index Analysis for 7th June based on Elliot Wave Analysis
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...
Also there is a formation Bearish RSI Divergence daily chart. On 15 January index reached a high of 22115 and the RSI value was at 74 today index reached a new high of 23043 but the RSI was at 67 this is a clear formation of RSI divergence.
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...
We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we...
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.
Undoubtedly, perfect level to buy nifty @ 22951 no stoploss needed. 22951 & 47097(banknifty) happens to be .78 fib retracement level from 26 oct 2023 - may 2024. Dont b scared to buy @ these levels including nifty & bank nifty heavyweights. Reliance, LT, Indusindbank, TCS, HDFCbank, ICICIbank to name a few.
Nifty cup and handle is formed, entry is 22380, target is 22700, Stop loss can be 22280
On 1 Hour Timeframe, NIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Nifty. Breakdown Move - Confirmation for breakdown will be if Nifty starts trading and sustain below 22220 level - Downside rally nearly 500 points expected in case of breakdown - Intermediate support expected near 21880- level - Short Trader can...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22170 level and then possible upside rally up to 22290 level in today's session. in case nifty trades below 22130 level then the downside target can go up to the 22010 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 22200 level and then possible upside rally up to 22320 level in today's session. in case nifty trades below 22150 level then the downside target can go up to the 22030 level.
Nifty will be gap down opening in today's session. After opening nifty start trading Below 22260 level and then possible downside rally up to 22140 & this rally can extend another 120 points if market gives breakdown 22120 level in today's session. in case nifty trades Above 22300 level then the upside target can go up to the 22420 level.
We can see some correction about 7-8% in upcoming days and will see some bullish momentum after postive election results
This is the Monthly chart to understand the biggest picture for Swing positions. This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand. Further down in Daily chart we see there is a "Violated...