Indianmarket
nifty50Morning star formed, a reversal from the previous marked target level 17450, can trail stop-loss if it breaks the target level.
better check on the 5min timeframe.
nifty50tomorrow I'm expecting a correction because on the chart it is visible that it coming for a downside in a channel we can achieve a small target of 17362 and if it crosse the level of 17348 it can go to the marked level of 17224.
nifty50today I was expecting a correction or bearish market, following a head & Shoulder pattern in nifty if it goes as marked direction to the level of 17234 we can sell only it cross and sustain below that level.
Muthoot Long term Uptrend Channel ( 45 degrees) since 2013.
Its taken a support at last month's low of Rs 975. momentum Indicators are all very oversold.
12 month target Rs 1750+
nifty50will not consider any buy or Sell until one of these 2 levels broke either the upside level of 17286 or the downside level of 17210. so wait patiently.
NIFTY 50 is testing important resistance now.Hello Everyone,
This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are;
1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump.
2) If we continue trend above 16000, (possibilities are slightly high) next strong resistance is between 16150 to 16300 . we should see strong pull back from this levels to 15800 .
American market is following the same trend. So trade carefully.
#IndianExchange #NIFTY50 #StockMarket
NIFTY Daily Analysis 9th June 2022NIFTY perfectly bounced back from 16250 just like we discussed yesterday. NIFTY has to try breaking 16500 now, with good volumes to see Upside towards 16640 levels.
On downside, today's low can become a good Support at 16250 level
NIFTY looks weak after today - EOD analysis June 8th 2022NSE:NIFTY NIFTY has given a big down move today on back of RBI policy and Reliance n FMCG stocks falling.
NIFTY can test 16250 levels once again before moving upwards. If it breaks 16250 level, then it can retest 16000 levels pretty quickly.
On Upside, there is huge resistance at 16600 levels which doesn't seem to be tested anytime soon.
Next week is the last ray of hope for the bulls! Last week came like a brain freeze for traders where we saw tremendous volatility on both side but ultimately bears got the final hold. In my last two posts on #Nifty, we predicted a correct Wave C to unfold and that what exactly happen in last week. We are moving towards a near term target of 16100 on indices. But next week is crucial because we MIGHT test 15900 which is a downward trending channel support and also the last ray of hope for the bulls. If we trade below the channel then be ready for a night more on the Nifty...
P.S. Just a warning for the bulls !
SENSEX - Flat CorrectionFinal short target of 50,000 looking doubtful.
- Market looking strong and investors are not fleeing like other markets.
- Possible Regular or Expanded Flat Correction
- Bullish India but still neutral over the coming weeks and hopeful my target is reached.
Best,
Hard Forky
kotakbank at rock bottom support kotakbank reversed from support level of 1700, is heading towards a good upmove further , risk reward is in favour , less to loss, much more to gain
Nifty Weekly AnalysisThis Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
NSE:NIFTY Weekly Analysis.
Currently Nifty is showing weakness on chart:-
1. Did not touch the upper Bollinger Band.
2. Continuously decreasing RSI.
If it fails to get support at the 20 SMA line, then there is a chance that nifty may touch the lower Bollinger Band at S3
Indian Market: Killzone for a beautiful controlled loss.I explain what I mean by a beautiful controlled loss.
Some traders don't want to hear about losses, though it's about the most important thing in trading.
The position shown is a paper-trade.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Possible swing trade in upcoming daysBreakout with good volume. If price pulls back to the green box and shows sign of reversal, I might go long.
IndiaCem down trend breakBreak of Jan '22 downtrend against Aug '21 support. India set for major growth.
EICHER MOTORS - NSE Leading automotive company
ROYAL ENFIELD motorcycles in 2 wheelers
Commercial Vehicles in JV with Volvo- Trucks and carriers
Company data- www.eicher.in
Good market share, nice products, low debt and a forward looking management.
HDFCBANK
Go long above green zone
Short on break below red zone
Head and Shoulders Top formation - Wait & watch for eventual breakout direction
Above Average volume must on downward breakout.
In case of upward breakout, average volume is preferred, though high volume is also alright
PURE PRICE ACTION SERIESIT IS SUPRISING TO SEE THAT BANK NIFTY IS TRADING WHERE IT WAS TRADING LAST YEAR FEB 2021, 17. AND IT HAS NOT GIVEN ANY SINGEL RETURN SINCE THEN. AND AFTER this point we saw a big fall of atleast 20% so we can hope the history may repeat itself. SURPRICING HOW PRICE ACTION PLAYS A VITAL ROLE IN MARKET
INFY/NSE Technical Analysis INFOSYS Shared The Same Chart On 7th of Jan 2022 INFY was Around 1880 and After Its Was Break
You Can See Fall In INFY CHART
We can See The Gap Filling but its depends on various Factors
Disclaimer: Its Just for educational purpose only
