I tried to explain everything on the chart to understand the price structure and where we were trading. I have used the hourly chart to describe, but it's the same daily and weekly. Index swings, highs, and lows were messy, clearly an nondirectional market. Intraday =============== Intraday is very tricky and asks the expertise and experience both Sideways...
Dear All, Chart has all the required levels for trades to be executed on 16.02.2022 Nifty has already filled the gap, there is a chance for it to move upwards and if it breaks the zone then we may see another uptrend. *** Be cautious as gap has filled, profit booking may take place *** Thanks & Regards Your feedback is highly appreciated
Nifty technical analysis. Till looks bullish yet after 3% fall at 16800 levels. Nifty took support at a strong Demand zone of around 16940-16970. If the pattern hold might 16400 be protected for now till it achieve a new higher levels. NB: The chart analysis is for educational purpose only. Its full my personnel view. Place your trade before consulting your...
Dear All, Kindly take a look at important NIFTY spot levels for 04.02.2022 Use the levels as reference to initiate your trades. Your feedback is highly appreciated. Thanks & Regards
Hello Traders, NIFTY@03/02/2022 ----------------------- Opened as a gap down, below PDH. Market was rejected at IMP level then went to near S@2 Please do share your thoughts in comment section. Please hit a LIKE , it motivates me to do analysis and do share with your trading friends.
The nifty chart is trading in a channel pattern We may expect an ascending consolidation Disclaimer - This is only for the educational purpose
Important levels have been marked for tomorrows trades - Similar pattern like Banknifty - DOUBLE TOP at the last 2 candles on 15 minute time frame. Keep in mind issues mentioned in Banknifty view. All the best !!! Your feedback is most appreciated
Chart has all the explanation so please do read the chart well On the day time frame we have rejection at the lower side of the candle On a 15 minute time frame it looks like a bearish flag pattern has been formed but with signs of reversal There could be a reversal in tomorrows session All the best for tomorrow Your feedback is highly appreciated
When it comes to the technical analysis of NIFTY, it is in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further...
Nifty is rising in a steep channel the momentum can sustain if important resistances are taken down. Resistances on the upper side are 18294, 18345, 18440, 18510 and finally the ATH high of NIFTY which is 18606. The supports on the lower side are 18133, 17973, 17819, 17617 and finally 17553 which is 50 EMA. Below 17553 weekly closing the bears will take control of...
When it comes to the technical analysis of NIFTY , it is in an uptrend. Right now price is staying near 17818. But it is not a good idea to go long from that price range. And the price is a tad far away from the previous demand area; which means the price is expensive right now. So you should only buy the security if the price pulls back to the previous demand...
Nifty at resistance zone and rejected at trendline, It has to retrace to break upside
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
On Monday's session #nifty closed below 2 months low. Important support of 200 DMA is placed at 16287. Below 16287 nifty will head towards 15900. Intraday setup for Tuesday Sell Nifty below 16400 Target 16300. Below 16300 further down fall.
Good Morning, everyone. I hope you guys had a great weekend and enjoyed your family time. Let's get back to work and talk about the nifty first. The Index has shifted its intraday range which was valid since 14th Dec, Sentiment is still negative, and Index is falling from every swing high, which is a clear sign that profit booking is continuing. The Index has...
Nifty is moving in a channel and has made a bearish candle from swing high. This week's movement looks to be downwards with possibility of touching 17100 levels by Thursday. We can expect a reversal only after nifty touches the 17150 - 17050 levels. Breaking of 17000 levels can happen only after nifty retests the trendline resistance and any bull run can happen...
Good morning everyone, I hope you guys have a great weekend. Now time to get back to work and talk about the first trading day for this week. The Index is trading on the hourly resistance (17,600 to 17,650), and a breakout can change the hourly trend downtrend to an uptrend, but the problem is that the higher time frame is still negative Intraday is a bit risky...
Nifty is trading near breakout zone. Global sentiments are also positive despite inflation numbers. Next resistance and target is placed at 17700 which is also 50% level of this total fall. Closing above 17700 will take it up to 18300. On the flip side closing below 17400 will make it weak and again we can see 17000 level in this week.