NIFTY 50 -Head and Shoulder Nifty 50 forming Head and shoulder pattern in daily time frame.
today nifty may gap down due to global market negative sentiment. and it is forming H&S in daily time frame which also add the fuel to downfall. This is my personal view that i am analyzing done for my self and not intended to motivate to do trade on my analysis basis.
please feel free to share your comments aswell.
Disclaimer:
The information and publications are not meant to be, And do not constitute, investment, financial, trading, or other types of advice or recommendations supplied or endorsed. it is purely education purpose only.
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NIFTY 50 ChartNifty 50 chart
where we can clear seee that it falls down and now it is going straight in upside if once it get reject and make a big selling candle or red candle then I am expecting again a big fall in down side. Bulls trying hard to go up but Bear waiting for a good chance and they will blow in down side like BOOOM BOOOM>
all will happen below 19470
Nifty 50 hourly sideways trend analysisNifty 50 hourly trend analysis
nifty hourly trading in a very small non tradable range
so waiting for break either side for fresh trade
currently absolutely no volatility in to the price
only 100- 125 range is absolutely no tradable
so sitting sideline and waiting for break either side
specially in a down word is a good trade from here
NIFTY 50 trading ideasNIFTY 50 very very strong resistance 🔥18141 and 18000 key resistance if comes below 17800 definitely sell as per my view it can open gap down this week or later this week target will be 17200+++ yes I see somewhat descending triangle pattern which indicates big fall in this type of situation index opens gap down and go down more. If it able to hold above 18141 there's might be a chance to go up but chances are very low. Dear traders and followers after long time I'm again posting my intensive ideas if you find it helpful do like, comment and share thanks you.
INTENSIVE TRADING IDEAS
Nifty 50 Nifty 50 exact retraced to golden ratio of Fibonacci levels that is 0.618
Now will only look for long side
And for short in intraday only
It may go range then upside depends on market situation
Can go long from here by keeping sl below the ratio
ask your financial advisor before buying
Only for educational purposes
NIFTY 50 Weekly Forecast Analysis 28 Nov-2 Dec 2022 NIFTY 50 Weekly Forecast Analysis 28 Nov-2 Dec 2022
We can see that this week, the current implied volatility is around 1.85% , same as last week.
According to ATR calculations, we are currently on the 51th percentile, while with INDIA VIX we are on 12th percentile.
Based on this data, we can expect on average, the movement from open to close of the weekly candle to be :
In case of bullish - 1.82%
In case of bearish - 1.55%
With the current IV calculation, we have currently 24.3% that the close of the weekly candle is going to finish either above
or below the next channel:
TOP: 18771
BOT: 18090
At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week:
26% chance that we are going to touch the previous low of the weekly candle of 18125
78% chance that we are going to touch the previous high of the weekly candle of 18535(already hit)
Lastly from a technical analysis point of view, currently 80% of the moving averages rating, are insinuating we are in a BULLISH trend.
NIFTY 50 Monthly Forecast Movements 1-30 November 2022 NIFTY 50 Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 4.56%, similar to last month.
This is currently placing us in the 0th percentile according to ATR and 50th according to INDIA VIX
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 2.4%
BULLISH Candle : 5.7%
With this in mind we can expect with a close to 27.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 17303
TOP: 18957
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
80% chance that we are going to touch the previous monthly high of 18020 (already happened yesterday)
26% chance that we are going to touch the previous monthly low of 16864