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Nifty 50 : Ascending Triangle Just Started learning about patterns & while looking at chart of Nifty 50 I found a pattern ( I think I found )which looks like Ascending Triangle.
If valid Ascending Triangle is formed then at- least there will be rise of 800 points.
Well I am new to trading stuff so please if you find any mistakes correct me.
Nifty 50 Clear Short PositionShort Nifty 50 as The Uptrend was losing momentum and MACD, Fibonacci and other indicators are showing a pullback
Also, India's Industrial Output for September contracted by 4.3 %, the major contributor in this contraction are mining, manufacturing and electricity which also brings an opportunity to short some stocks in this sector.
Nifty 50 !! Will Goo DOWN "tommorrow" bearish dayAS Nifty 50 Has touched the strongest supply , IT will move down for a few days
the main logic beyond this is , it touches the Supply ......Now after few days bearish moment and will go little up for few days again and shows us like it is moving in Uptrend , BUT it will not move Up .......it is driven by big institutions/pro. traders because they want to broken the last lower Low to make their higer profits ........
Thak you so much .......
Observe everything ......buuubyeee
NIFTY 50, Head And Shoulder formation is in Process.Hi Guys,
The current scenario for NIFTY 50 doesn't look good at all.
1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart.
2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December.
3. If you look at the Retracement Levels, You can see that it can't even touch the 50% level which is clearly the sign of weakness.
Targets: If it is able to complete the head and shoulder and breaks below 9950 then the key levels to watch for:
1: 9050(Fibonacci Extension level 1)
2: 8000(1.618 extension level)
NIFTY 50 Looking to Consolidate Soon For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point.
The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets.
As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently.
Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets.
However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term.
The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact.
This is worth seriously monitoring.
NIFTY 50 - 1 HR - ABCD Market analysis
NIFTY 50 price movement just completed the 50% retracement at 100900 of recent BULLISH move and forms a ABCD patterns too...
So again the BULLS gear up so we also catch this BULLOCK CART at this range for the TARGET of 10315 with Sl 9950 and the Risk Reward is 1:1.35
Technical Analysis: NIFTY 50's Recent Shifts and Future ProspectHello, TradingView community! Today, we're diving into a detailed technical analysis of the NSE:NIFTY index, which has shown some interesting movements lately. We'll break down the technical signals, look at the potential implications, and discuss what to watch out for in the coming days.
🔍 Overview of Recent Trends
The NIFTY 50 has been following a well-defined upward trend channel over the past several months, making consistent gains each time it hit the upper boundary. However, recent patterns suggest a change in dynamics, which we need to scrutinize closely.
🔁 Current Technical Setup
Most notably, the NIFTY 50 recently deviated from its usual pattern by not reaching the upper boundary of the trend channel before reversing its direction towards the lower boundary. This could be an early sign of weakening bullish momentum.
📉 Significance of the Double Top Pattern
The formation of a potential Double top, a classic bearish reversal indicator, adds weight to concerns about a bearish shift. While this pattern is not yet confirmed—since we haven't seen a definitive breakdown below the neckline—it's a development that warrants attention.
📊 Intersection with the 100-day SMA
The recent drop of -1.5% in the NIFTY 50 brought it down to the lower boundary of the trend channel, which coincidentally aligns with the 100-day Simple Moving Average (SMA). This SMA has historically served as a strong support level, often triggering rebounds.
🔄 Potential Outcomes
Bounce Back: If the 100-day SMA and the lower boundary of the trend channel hold up, there's potential for the NIFTY 50 to rebound towards the mid or upper boundary of the channel.
Bearish Reversal: A decisive close below the 100-day SMA & Neckline of Double Top could indicate a more significant Bearish Trend or the start of a consolidation phase.
🌐 Broader Market Context
Quarterly Earnings: The index is feeling the pressure from non-impressive Q4 results for 2024. Lackluster corporate earnings can dampen investor sentiment and lead to a reevaluation of stock valuations.
Volatility Index Rise: The NSE:INDIAVIX , which measures market volatility, is on the rise. This indicates increased uncertainty among investors, as they price in a higher potential for market swings.
FII Activity: There has been significant selling by foreign institutional investors (FIIs), contributing to downward pressure on the index. FII flows are crucial as they represent substantial investment volumes and can influence market direction.
US Federal Reserve's Stance: The hawkish stance of the US Federal Reserve, signaling potential interest rate hikes, is also a critical factor. Higher US interest rates can lead to capital outflows from emerging markets like India as investors seek higher returns in US assets.
These points illustrate how external factors are intricately linked with the movements of the NIFTY 50 index and should be considered when analyzing its future direction.
📈 Trading Strategy Recommendations
For those actively monitoring the NIFTY 50, it's crucial to keep a close eye on the 100-day SMA and the lower trend line of uptrend channel. These areas serve as critical junctures that could determine the market's short-term direction.
"In the world of Market, it's not about how much you know, but how well you understand what you know and how you apply it in uncertain times."
To conclude, while the NIFTY 50 presents an intriguing technical setup, traders should proceed with caution given the current uncertainties and the index's recent behavior.
This analysis is intended to enhance understanding and encourage informed decision-making. Keep watching these indicators and adapt your strategies accordingly to navigate through these potentially choppy waters.
Lastly, thank you for your support, your likes, Follows & comments. Feel free to ask if you have any questions.
India's Nifty 50 Breaks Out in 2023, Expecting A PauseSo far this year, the iShares MSCI Emerging Markets ex China ETF (EMXC) is up 17% total return. The performance across EM, including the world’s second-largest economy (China), is not as strong. The iShares Emerging Markets ETF (EEM) is up less than 7% with dividends included. Among the standout countries in 2024 is India. Its Nifty 50 Index broke out to fresh all-time highs earlier this month, helping to showcase the broadening out of the equity rally in 2023. The index, heavy into Financials stocks but also with a significant weight to the Information Technology sector, catches macro investors' attention for access to a country with strong population growth trends.
I assert that the Nifty 50 has a bit more room to run, but expectations should be temperated heading into 2024. I took a look at the historical trends on the Nifty 50 Index. In the last 20 years, January and February each have averaged negative total returns with positivity rates below 50%. Investors often must wait until March and April for decent gains. Of course, seasonality comes second to price, so let’s delve into the technical situation and my ‘chart of the week.’
I see some near-term resistance potential around the 22,000 mark. I arrive at that conclusion based on the trading range and breakout from late 2021 through the middle of this year. Resistance was seen near 18,700 while the 2022 low of just under 15,400 made for a range of about 3,400 points. Add that height on top of the breakout point of 18,700, and we get a target of 22,100. That is only about 3% above the current index level. So, while the long-term trend in the Nifty 50 is strong, an early-year pause may be in the works. Investors can play the Nifty 50, albeit with some currency differences, through the iShares India 50 ETF (INDY).
Ready For The Nifty 50 Crash?
Indian equities are full of opportunities for those who understand the big picture and risks for those who don’t. What is next on the menu for the Nifty 50 index?
The broad-based Indian equity index shows an impulsive wave from 2016 into the 2018 high. The impulse has a third wave extension. Moreover, we see alternation between a swift and deep second wave and a complex and shallow fourth wave. All in all, this looks like a textbook impulsive wave that ended in 2018. The subsequent market action showed a swift sell-off from the August 2018 top. Most likely, there is another bearish swing to the downside left within that sell-off. However, this will be just the fifth wave of the entire impulse from the August high. This means that it will complete the entire downside trend that the Nifty 50 traced over the past six weeks.
All in all, this means evidence within the Elliottwave framework that the price action, which we saw from the August high, is just the beginning of something bigger. The price action of the past few weeks was probably just the appetizer of a bearish menu that will be served during the years ahead. It is still not too late to secure profits. The Nifty 50 will probably show a corrective rally to offset the sell-off since this August. However, after that rally, the money will be made most likely on the downside. The Nifty 50 is most likely ripe for the biggest correction since the financial crisis of 2007.
Our premium Nifty 50 analysis discusses the magnitude of the imminent bear market. Moreover, we also focus on shorter time frame swings. These may be important entry or exit points for investors and traders.
UPDATE ON BANK NIFTY, ICICI AND HDFC BANK along with NIFTY 50!recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.