Nifty created a bullish piercing candle after the follow up candle of a bearish engulfing candle in daily time frame, Now theoretically, after forming the continuation candle of bearish engulfing one, it should continue its downtrend today, but Nifty actually formed this bullish piercing one which is again theoretically a type of reversal candle set to a...
As per the chart analysis i have given support and resistance of the index. Now we see above trend that shows downward movement as exactly pull back was given and again index started travelling into positive direction. Technically market will move up.
For now NIFTY has taken a support at 17345. Whether it is a major support that holds Nifty together for reminder of the week or not is yet to be seen. Major supports and resistances for the reminder of the week are as under: Major Resistances: 17596, 17716 ad finally 17992. Major Supports: 17345, 17166, 17023 and 16937.
As mentioned in the earlier Tweets due to impending Commentary of US FED and Recession fears / Global slowdown concerns we saw the recent fall. After few weeks of relentless buying today we saw FIIs selling. NIFTY is currently at a major support breaking it and going below today's low will bring in further weakness for NIFTY. The Major Support and resistance...
Nifty after recovering most of the fall is going to either break previous high levels or can give another fall. As per the pattern, 17800 can act as a crucial zone from where we can see either it will be bullish or not. For upcoming week, we can expect it to go further upwards till 17800 and then wait for market to give either side move. Trade safe. Manage...
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
Can you observe the similar price action at point 1 & 2 Where's the index moving ahead?
Bank NIFTY Futures - Aug 22 Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter {{erl-7869||earnings that beat analysts' forecasts and revenue that topped expectations.
On Daily time frame Nifty is bearish now, with RSI closing at 60 level today. And probably tomorrow we may expect to see a halt in this downtrend. If we see the OI data graph, 17500 has highest OI, in PE side, and in CE side 18000 has highest OI followed by 17600. Based on which we may expect that tomorrow we may expect to see formation of a doji candle in daily...
Since the markets closed towards the bottom, and the global data is not good, the market could be a gap down, and it could be a volatile day hovering around 17650 levels.
In last working day Nifty had taken the awaited retracement and took support at the trend line. (here marked in color blue) with RSI corrected to 71 in daily time frame. Below this trend line, on daily time frame Nifty will be considered as bearish, as on weekly time frame is in correction mode. SGX Nifty currently 85-point negative as compared to closing of Nifty...
Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone. A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles. The market has been in green for last 4 weeks and a retracement is pending. Nifty on the hourly time frame has started trading below its 20 DMA and...
If Nifty cannot cross 18110 and sustain, then it can come down till 16940, but there are strong support for nifty at 17650, 17535, 17300, 17175. But if Nifty can sustain 18114 then we can see 18604 and 19400
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
Nifty gave buy signal in weekly Signal candle low is SL. Next leg of nifty might started.
A few psychological levels if Nifty turns bearish. Expecting pullbacks / rangebound at these levels
This weekend everyone will begin to notice Gravestone Doji on weekly chart of Nifty. Its good to notice it. But the game is in staying ahead of what is going to form. It can be done. It is being done.
Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports...