important levels support and resistance. we look to price action at this levels, REVERSAL or BREAK or a FAILED BREAK is our ENTRY.
If Nifty manages to close above 22650 it will successfully cross the double resistance of a trend line and mid channel resistance. The next targets for Nifty in this case will be 22707, 22775.(Major All time resistance.) If this is also crossed successfully we may see new all time highs of 22887 or 23026 and more. Supports for Nifty are at 22544, 22448 and finally...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
📈 Nifty - An Overview 🎯 Nifty has no signs of bias - Bulls or Bears 🎯 It has multiple possible supports 🎯 The price is well above the EMAs on both Weekly and Daily 🎯 CMP is just 2% below ATH 🎯 My accumulation levels are marked on the cart ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the...
Sharp selling after posting new ATH! 22800 is going to be crucial resistance, above this #Nifty can travel towards 23200 / 23700 While on the lower side, till #nifty50 sustain below 22600 sellers may take charge and bring it down towards 22350 / 22130
*Major levels only If NIFTY sustain above 22431 then 22497 to 22505 then 22571 to 22579 strong level above this more bullish then 22645 to 22653 If NIFTY sustain below 22410 to 22385 then 22357 to 22349 Strong level below this bearish then 22320 to 22312 then 22283 to 22275 below this more bearish Consider some buffer points in above levels. Please do your...
// use 5mtf // i give pairs of lines colored red and blue . if you have any more conformations you can take tardes form that areas
Gap Up Opening Above 22700: Buy: If NIFTY sustains above 22700, consider buying with a stop loss set at 15-minute candle closes below 22675. Target levels are 22794-22800. Short: If the price fails to sustain above 22688 and gets rejected, consider shorting with retracement targets at 22600 – 22562. Flat Opening: Plan for a short trade if the first-hour candle...
Nifty opens gap down but bulls stretch their arms for yet another session and made days high that is 22625. Nifty was up almost 200+ points, at closing time nifty was up by 167 points which is 0.75%. Index has formed a big green body candle with upper shadow on daily chart which indicates participants were buying from days lower level. Candle is 90% above...
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...
BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22430 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...
Hello Traders, NIFTY50 dropped to 21777 on Friday's session. My call was, that a drop below, 22303 would open the door for more selling pressure. That's what happened; more than 400 points was the decline for N50. The move since is strong and directly up, a so called "v-reversal" with a gap to the upside this morning, that is still open so far. Sooner or later,...
// use 5mtf // i give pairs of lines colored red and blue . if you have any more conformations you can take tardes form that areas
Arrow in the chart of Nifty is pointing in the direction of which Nifty intends to go in the long term. There may be some slip-ups in the short run but in the long run Nifty will be seen travelling in the direction the arrow is pointing. Today Nifty returned from an important trendline resistance of 22625. crossing the same will be a little bit of a challenge....
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
We saw a V-shaped recovery in Friday's trading session, but it came after a considerable downfall throughout the week, so it was hard to trust this recovery. It might be a dead cat bounce or a trap; however, as intraday traders, we must engage in trading regardless of the market's behaviour. Only rule-based traders can thrive in this bearish market.
Monthly Expire Closing view for Study - Bullish Closing if closes above 22349 or 22423 Bearish closing if closes below 22325 or 22238 If NIFTY sustain above 22421 or 22425 then 22446 then 22463 to 22471 or 22476 then 22496 strong level above this more bullish If NIFTY sustain below 22400 then 22384 then 22359 to 22349 then 22325 below this bearish then...
More up move is on card baring there is no further bad news related to Iran and Israel conflict and other news surrounding the Middle East and Levant nations. The closing above 50 and 200 EMA hourly indicates that there might be more bullishness in store for Nifty with resistances at 22430 and 22517. If these 2 levels are crossed easily then we may see 22692,...