As we can see despite the strength in midcap NIFTY fell following the temporary stay in conflict which can be continued at any point of time which creates uncertainties and reflected the same in index. Also operation Keller which has successfully executed by Indian army can add fuel to the fire for upcoming trading sessions and technically as long as we are above...
As we can see despite the breakout NIFTY broke out of the structure exactly as analysed in our previously analysis following the deescalation of war and the cease fire agreement and hence the rally is likely to continue till Pakistan doesn’t breaches the ceasefire agreement while would result in catastrophic war so and so would bleed the market so plan the trades...
Following the agreements, we’ve agreed to ceasefire agreements which is both a win win situation for INDIA as it had both punished Pakistan and showed china levels of their air defence equipments hence we can expect NIFTY to strongly recover from here till the ceasefire is breached which could result in act of war and bloodshed of market so plan your trades accordingly.
As we can see despite the break it managed to close inside the structure and hence still the indecision remains in view as till it sustains either side of the structure, no directional move can be expected but gaps can be created due to war like situation leading to sluggishness in the market so plan your trades accordingly and keep watching
As we can see NIFTY is still in tight range and hence unless this structure is broken either side, no directional rally can be expected so plan your trades accordingly and keep watching till breakout happens either side l.
As we can see NIFTY couldn’t sustain itself above the neckline and fell below leading to a directional downtrend throughout the day as we analysed in our previous post! Now that NIFTY is maintaining itself below the given zone, it is likely to remain bearish unless it manages to close above the neckline so plan your trades accordingly.
As we can see NIFTY is sustaining itself above the neckline of inverted head and shoulders pattern which make it in a very diabolical place as any closing below the neckline could lead to massive fall but continuous sustainment above the given neckline could show further upmove so plan your trades accordingly and keep watching everyone.
As we can see despite the strong upmove in first half, it couldn’t close above the given structure hence we can still wait for the proper breakout and sustainment above the given structure for unidirectional move so plan your trades accordingly and keep watching everyone.
As we can see despite the gap it failed to break and sustain above the structure hence made it void but looking at NIFTY we can see the structure is still there which is yet to broken hence we can wait for candle to close above the given structure for a unidirectional rally so plan your trades accordingly and keep watching everyone.
As we can see the strong opening ruined the head and shoulders structure and couldn’t continue its uptrend and fell unidirectionally and later continuing sideways. Now we can expect NIFTY to again test the neckline before finally breaking out for unidirectional move so plan your trades accordingly and keep watching
As we can see NIFTY recovered strongly influenced by RIL result but we are still weak below the supply zone hence unless the high is broken every rise can be sold unless the high the broken then a strong uptrend can se been in NIFTY as it can be seen forming an inverted head and shoulders pattern and its neckline has been tested multiple times now hence any...
As we can see NIFTY has formed signs of indecisiveness in bigger time frame as we had been waiting for weekly candle close in the structure making it look weak. Now our view just shifts from buying on dips to selling on rise till it closes above the previous high and hence keeping small stop losses we can make new fresh selling positions here for bigger targets so...
As we can see NIFTY remained sideways throughout the day and is yet to decide its upcoming trend as the weekly candles close above our supply zone is yet to be made hence one should trade cautiously as few coming days could be further negative to sideways so plan your trades accordingly and keep watching everyone
As we can see NIFTY has broken and sustained itself above all our supply zones confirming the bullish bias but yet to close its weekly candle above the given supply zone. If it closes then every dip can be bought for new ATH in NIFTY so plan your trades accordingly and keep watching everyone.
As we can see NIFTY is showing signs of rejection from our zone despite being strong forming a doji kinda candlestick. Now following the global cues, we can expect NIFTY to open stronger but hitting the even strong supply zone after filling the gap which can lead to further fall after strong opening so plan your trades accordingly and keep watching.
As we can see after modifying our supply zone, it still seems to be in supply zone and a weekly candle needs to be closed above the given zone hence unless it sustains and gives a closing above given level it is risky to go long from here and make fresh positions so plan your trades accordingly and keep watching everyone
As we can see NIFTY trading at final resistance after a strong breakout of 23400 level and now is trading around 23800 levels which has acted as a strong supply zone previously hence we can expect signs of REJECTION around here but if any case it sustains above the given level then we can also see a possible formation of inverted head and shoulders pattern in...
As we can see NIFTY did manage to close itself above 23400 level showing signs of bullishness but this level has acted as a strong support previously and hence expected to act as a strong resistance. Hence we must wait for a weekly candle to close above 23400 level for confirmation for further upmove else our view is bearish and can result in good fall as the gap...