NIFTY is approaching our first resistance at 1159.03 (horizontal overlap resistance, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 10842.9 (38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in ...
NIFTY 50 are taking Some Correction after Big impulse.
Trying to makes Falling Wedge which is Reversal Pattern.
if Wedge makes then we can see Nifty 9500 Support Level.
then we can see a Bounce back upto 12500.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. ...
NIFTY50 has exceed the targetzone of 10770-10810 up to 10870 range, the pattern developed as a „flat“ or a „(w)-(x)-(y)! since the high at 10870 high N50 is trading below that point dropped back to the lower line of the trendchannel, where a double zigzag is running at.
Trading below the 10739, the low of Jan 11 would increase the odds that a wave ...
Nifty is struck in a range and the range is getting smaller & smaller !! It's only a matter of time that Nifty breaks this range and sets the trend.
On Hourly Charts :-
Break Above 10900 : Long Nifty for Target 11200
Break Below 10730 : Short Nifty for Target 10000
Till then wait & watch !!
Where is Nifty Header for 2019? According to Elliot wave theory, Nifty has almost completed its wave and it is already feeling the heat. Fibonacci and Gann are showing respective resistance and support levels. We will be starting a wave cycle soon. Time to buckle up?
Please trade at your own risk. This is not a trading advice.
Bears are coming back from hibernation and bulls are aware of it.
Nifty is not looking good and above chart is true reflection market sentiments.
Retailers are being trapped with false rallies while big positions holders are using it to are liquidate their positions.
For now lookout for the breakout on the lower side of blue line and open a short trade ...
Hanging Man Bearish Candlestick!!!
The higher the trading volume and the longer the lower wick relative to the body, the more bearish the hanging man.
When the high and the open are the same, a bearish Hanging Man candlestick is formed and it is considered a stronger bearish sign than when the high and close are the same, forming a bullish Hanging Man (the ...
Where is Nifty headed in 2019? Plotting Elliot Waves, Fobonacci and GANN, Wave Correction has almost come to an end. And nifty is already Feeling the heat. Perhaps we are proceeding towards wave ? Only time will tell.
This is just an anlysis. Please trade at your own risk.
Nifty50, SPX500 and GER30 all were in sync till May 2018 after which Ger30 ( DAX ) showed divergence and started to fall !! The next in line to fall is SPX500 and is about to sync with GER30 on downside but the Nifty50 is now showing divergence against both these and is resisting the fall. Now if global markets fall the EM will also toe its line, so with December ...
Captured a good set of November options. Will exit as the day closes. Idea is to not lose money to theta while capturing any move in any direction.
IV is low today - fair chance a straddle may not work - either way I will exit by EOD.
Nifty broke the support trendline yesterday but instead of continuing to go down it changed its trend and now has broken its upper resistance trendline !!
Long Nifty @ 10820 on Hourly : Target @ 11200
Stop Loss @ 10780
Also ABCDE pattern which is now clear going to push above the resistance and move towards 11200 !!