DZ 1 on Monthly DZ 2 on Quarterly (Worst Case)Analysis based on Demand & Supply. On quarterly TF the demand zone is yet too far but on daily TF its near. Keeping Fingers Crossed.
Niftyindia
NEOWAVE DIAMETRIC CORRECTION IN NIFTYplease study NEO WAVE'S diametric correction (Glen neely) ,I tried in NIFTY weekly clossing which is perfectly matching.
BUT he says intraday price levels are important, however I tried in daily, weekly clossing values which are predominant for more than a day.
'g' wave ending this week as per time cycle of 'a' wave , if it crosses 15687 (daily clossing), then 'g' wave will exend, otherwise pattern completed
BREAKOUT IN NIFTY 50if nifty break the level of 11550 - 11600 than it can go towards next resistance
only learning
STRENGTH IN NIFTY 50AT THE END OF THE DA NIFTY SHOWED STRENGTH AND IN THE MORNING SESSION IT SHOWED WEAKNESS AT THE LAST TWO 15 MIN CANDLE U CAN SEE STRENGTH IN NIFTY BUT THE FUTURE MOVE OF NIFTY IS DECIDED WHEN IT BREAKS ABOVE 11300 DECISIVELY.
ONLY FOR EDUCATIONAL PURPOSE.
Nifty 50 - Gap Fill & Channel ResistanceNSE:NIFTY today filled an old gap as well faced resistance from its trending channel.
Nifty50 currently in the #SuckAuctionZoneThis Suck Auction Zone , often acts as a magnet for the market, till the zone is traded completely.
I learned about this zone from this YouTube video.
Lets watch the action of NSE:NIFTY from here.
Learn how to trade Nifty 50 Indian Index, locate turning pointsI am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on a chart, the basic characteristics of candlesticks patterns that will help you locate turning points in the market.It's very important to trade these strong impulse in the context of a bigger picture trend and avoid trading counter trend scenarios. How can you buy Nifty 50 futures index or Nifty 50 related stocks in an uptrend? First of all you must look for impulses strong enough to create a series of wide candlestick bodies in the direction the of the long term trend. The chart attached shows a few impulses drawn on Nifty 50 futures weekly timeframe, that means that every candlestick represents a week if time.
By simply comparing the strength of those moves you will be able to locate potential turning points in the Nifty 50 futures index and related Nifty 50 Indian stocks. Trading impulses against the trend is not the best strategy since you will be going against the long term bias of the underlying asset or stock. How to buy Nifty 50 futures index? Well, locate these impulses and do a top down technical analysis before making a decision to buy or sell at these impulses. A single timeframe technical analysis is not enough to make a trading decision.
Nifty Gann trading map
Every line on the chart represents support or resistance.
Vertical lines are time lines where trend may change.
One can use this chart as trading map for next few months. This Gann square chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend channels or any other way of your own. This chart can be considered as trade conformation chart.
With all kind of tools and charts we are trying to analyse where trend will change, with this or with my any other chart my intention is not to judge top or bottom. With all the tools we will always try to find possible entry exit and stops only.
It is helpful in deciding entry exit and stops.
