alikoyakk

alikoyakk Updated 

No need to say, that for more than six months, Bank Nifty has been trading in different channels, either upward or downward. 1. From 3rd July to 8th September BN was in a downward channel. (Channel 1). On 11th September this channel has been broken out clearly. And index moved upward till it reaches near the higher level of 21st july. From that level BN...

alikoyakk Updated 

On 17th January, supply exceeded demand. So, the support line has been broken. The time will prove, whether: 1) Nifty will retest this level and fall further. or 2) Nifty will breakout this level and trade in the upward channel again.

alikoyakk Updated 

1) On 2023 Dec 4, Nifty had a gap up opening. 2) This gap is 216 points between low and previous day’s high (20507.75-20291.55). 3) And it is 334 points between open and previous day’s close levels. (20601.95-20808.90). 4) Thereafter till 2024 January 16th, Nifty was travelling in an upward channel. 5) On 17th January this channel has been broken, and...

alikoyakk Updated 

We have to consider different levels before taking a trade. Not SEBI registered person. No trade recommendation.

alikoyakk

Important levels for Nifty. Nifty may be consolidating today. Not SEBI registered. No trade recommendation. Just for educational purpose.

alikoyakk Updated 

1) From 2023 December 4th to till this day Nifty is travelling in an upward channel. The lowest low of this channel is 20507.75(On Dec 4th 2023). And the highest high of this channel is: 21834.35 (On 1st Jan 2024). On 10th January this channel was broken for sometime, but not sustained. 2) From 2023 December 28 to till this day it is travelling in a downward...

alikoyakk

While Nifty creates higher highs RSI and MACD create lower highs. Do you think this is bearish divergence?