FINNIFTY Sinks! TP1 Reached as Short Trade Bears Down on MarketFinnifty showed a clear bearish signal, leading to a short trade entry at 23841.50. The price has already reached Take Profit 1 (TP1) at 23701.40, confirming the strength of the initial downward move.
Key Levels
Entry: 23841.50 – The short position was initiated at this level after confirming bearish momentum.
Stop-Loss (SL): 23954.85 – Positioned above recent resistance to manage risk and protect against potential reversals.
Take Profit 1 (TP1): 23701.40 – Already achieved, indicating a successful start to the trade.
Take Profit 2 (TP2): 23474.70 – The next target as the bearish pressure continues.
Take Profit 3 (TP3): 23248.00 – A further downside target if selling momentum holds.
Take Profit 4 (TP4): 23107.90 – The ultimate target, marking a significant decline in the short-term trend
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Trend Analysis
The price has dropped below the Risological Dotted trendline, reinforcing the bearish trend. With TP1 already reached, the path to lower targets seems likely as sellers maintain control over the market.
The short trade on Finnifty has made a promising start with TP1 reached at 23701.40. Further downside targets, such as TP2 at 23474.70, could be in sight if the bearish trend remains strong.
Finniftytradesetup
FINNIFTY Long Trade Done Dana Done! Using Risological
This chart represents a long trade setup for the FINNIFTY index on a 15-minute time frame.
It features an entry point marked at 23,714.45, with a stop-loss (SL) positioned at 23,673.45 to manage downside risk.
The trade has four distinct target price (TP) levels, with TP 1 at 23,765.15, TP 2 at 23,847.15, TP 3 at 23,929.15, and TP 4 at 23,979.85.
The upward price action is supported by green candlesticks breaking above the moving averages, indicating a bullish momentum.
The dotted line (Risological trend) below the price movements suggest a trailing stop, for safe traders.
This setup offers multiple profit-taking points, ideal for capturing gains as the price rises through key resistance levels.
Good luck, Namaste!
Fin Nifty Key Trading Levels for 1th Feb 2023-Expiry trade SetupFin Nifty Key Trading Levels for 1th Feb 2023-Expiry trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view
Please consult your Financial Advisor before making any trading decision.
FINNIFTY SHORT till 17900 !!!
Price has closed outside the Trend Line, all the Demands are either violated or Used, A Fresh Demand is directly @ 17900
Hence SHort till 17900, from here we will see if the market gains any strength or atleast a pullback before another fall till 16403. Its always safe to exit and re-enter with more qty to print more. So short till 17900.
Happy Mony Making!
CNXFINANCE Bull Night Level 02.01.23CNXFINANCE Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:CNXFINANCE
NSE:FINNIFTY Analysis/Prediction for expiry 27-12-2022NSE:CNXFINANCE Analysis/Prediction for expiry
For Flat opening
🟢 Buy CE near 18820 or Above 19025
✔️ Target Should be 19000, 19200
🔴 Avoid PE
For Gap UP Opening
🟢 Buy CE Above 19025
✔️ Target Should be 19200
🔴 Avoid PE
For Gap-Down Opening
🟢 Buy CE Above 18920
✔️ Target Should be 19000, 19200
🔴 Buy PE Below 18725
✔️ Target Should be 18600
Note:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 70 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Fin Nifty Key Trading Levels for 13h Dec 2022-Expiry trade SetupFin Nifty Key Trading Levels for 13h Dec 2022-Expiry trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision
Fin Nifty Key Trading Levels for 6th Dec 2022-Expiry trade SetupFin Nifty Key Trading Levels for 6th Dec 2022-Expiry trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision