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$NIFTY Possible Bull Target & Reversal Zones #NiftyTraders and Investors, there is a lot of joy, speculation, excitement and nervousness in the Indian stock market as it makes another all-time high today. This however can be very deceiving or a good opportunity. Depends on how to see and interpret it. 🙂 If you think this is way too high and it should take a correction or dump then it may just give you that sort of opportunity when it reaches one of those FCP zones or extension levels ahead. If you are bullish and expect market to continue rise higher then also we have these zones and extension levels as possible bullish targets. Remember a few things about this market: 1. It has been consolidating for a while after hitting a major reversal level as you will see in the attached idea posted on Oct 13, 2021. This can still form a double top and fall down. 2. The Nifty 50 index has been taking divergence from US Indices this year. Whilst US indices fell Nity held its position strongly. But that does not mean it can no start to follow them again. The correlations come and go in time cycles. 3. This market cab target 20K level as well because that is psychological and is getting close. In terms of points, it is still too far but in the overall price action structure it is not. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NSE:NIFTY
by vikinsa
1
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.
NSE:NIFTY
by exlux
NIFTY Volatility Analysis 21-25 Nov 2022 NIFTY Volatility Analysis 21-25 Nov 2022 We can see that currently the implied volatility for this week is around 2%, according to INDIA VIX data (INDIA Volatility Index ) With this in mind, currently from ATR point of view we are located in the 11th percentile, while according to INDIA VIX, we are on 2th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.89% movement Bearish: 1.5% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 21.1% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 18610 BOT: 17882 Taking into consideration the previous weekly high/low, currently for this candle there is : 66% probability we are going to touch previous low of 18220(already hit) 31% probability we are going to touch previous high of 18460 Lastly, from the technical analysis point of view, currently 80% of the weekly moving averages are in a bullish trend, and a combination of moving averages and oscillators are in 31% bullish stance
NSE:NIFTY
by exlux
NIFTY Weekly Forecast 14-18 November 2022 NIFTY Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 2%, down from 2.1% of last week. From volatility percentile, point of view, we are currently on 0th from ATR and 10th from INDIA VIX index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 1.88% for bullish 1.54% for bearish With the current IV, we can expect with a 75.6% probability that the market is not going to close either above or below the next channel: TOP: 18750 BOT: 18010 Lastly, based on previous calculations, we have: 79% to hit the previous weekly high of 18350 26% to hit the previous weekly low of 17975
NSE:NIFTY
by exlux
NIFTY50 is looking Bullish. 🤑 Nifty is likely to be Bullish till it's above 18240. ❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart. 🚧 Upside Hurdles: 18375, 18510. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 👺 Long Term Trend is Trapping the Bulls. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @ohotradin@OhoTrading0 is looking Bullish. 🤑 Nifty is likely to be Bullish till it's above 18240. ❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart. 🚧 Upside Hurdles: 18375, 18510. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 👺 Long Term Trend is Trapping the Bulls. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @ohotrading
NSE:NIFTYLong
by OhoTrading
USDINR STRONG IMPORTANT LEVELHello friends, First, I love India and the Indian people. I made an analysis for the Indian rupee and I think it is on a very important level now. You see the huge rising channel, in which a small falling one is formed. I have indicated the important levels on monthly and weekly charts, which were just hit. We saw a strong rejection from these levels, which means that the price is struggling to fall down further. If the daily candle closes today with a bullish candlestick pattern, I drew the path upside. However, my opinion is that we would only make a price correction in order to break those levels and fall further. Downside levels are really strong and if those are broken we might see a massive crash of the price. I advise you to follow the fundamental analysis of the Indian economy because it is an integral part of this trade. I will also upload pictures under this trade in order to see closer daily candle and fibonacci levels. I will update this trade and follow it closely! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Namaste! I wish you all the best and bags of profits during the new year.
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by meriliness
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
NSE:NIFTY
by exlux
3
NMDC Harmonic & downtrend Potential BreakoutThe idea here is about NMDC: NMDC Limited (NMDC) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. The Company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. My view is very bullish for the below observed technical factors & News. NEWS: MCA (Ministry Of Corporate Affairs) has approved the demerger of NMDC steel from NMDC with ratio of 1:1. Do your own research for more information. Points as per TA on a Weekly & daily Chart: 1. Currently under downtrend & support has been re established @ 129.00 on a weekly chart as per below: 2. Gartley Harmonic Pattern completed with confirmed entry & target 1 completed at the time of publishing on a weekly chart as per below: 3. Bearish Nen Star Harmonic CD leg under progress on a weekly chart as per below: 4. Trading way above 20 & 200 EMA on a weekly chart & 20 EMA cross over expected soon. 5. Trading above 20 & below 200 EMA on daily chart. 6. Bullish flag pattern on weekly chart observed as per below: 7. Multiple divergence confirmed in the same direction on weekly chart as per below: 8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is neutral, weekly is strong downtrend & monthly chart is consolidating at the time of publishing. 9. RSI is at 51.46 on a weekly Chart and 53.56 on daily chart at the time of publishing. 10. MACD above signal line on weekly & below signal line on daily chart. 11. Hull Moving average on daily & weekly is a sell and other moving averages on a daily,weekly & monthly chart is a buy. 12. ADX (Average directional index ) trend strength is at 20.53 on a weekly, which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 25.32 on a daily chart. Projected Target with %: Provided in the chart as per Gartley & Bearish Nen Star harmonic pattern. Stop Loss: Provided in the chart as per Gartley. Note : Any further dip can be considered to accumulate & Average it down. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:NMDCLong
by Tron029
Godfrey Phillips Possible BreakoutThe idea here is about Godfrey Phillips: Godfrey Phillips India Ltd. operates as a holding company. It engages in the manufacture and marketing of tobacco related products. The firm operates through the following segments: Cigarette, Tobacco and Related Products and Retail and Related Products. Its cigarette brands include Marlboro, Red & White, Cavanders, Four Square, Stellar, and North Pole and Tipper. My view is bullish short term(Swing trade) for the below observed technical factors. Points as per TA on a Weekly Chart: 1.Contracting or Symmetrical Triangle formation on a weekly chart as per below: 2. Double Bottom formation on a weekly chart as per below: 3. Possible Bearish Gartley harmonic pattern in progress at the time of publishing as per below: 4. Ichimoku cloud Senkou Span A support established on weekly chart as per below: 5. Support established on 20 EMA & trading way above 200 EMA on a weekly chart as per below: 6. Trading above 20 & 200 EMA on daily chart. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong for an upward momentum at the time of publishing. 8. RSI is at 52.44 on a weekly Chart and 53.73 on daily chart at the time of publishing. 9. MACD above signal line on weekly & daily chart. 10. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 11. ADX (Average directional index ) trend strength is at 10.69 on a weekly and 8.70 on a daily chart which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). Projected Target: provided in the chart. Stop Loss: Provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GODFRYPHLPLong
by Tron029
NIFTY Weekly Volatility Forecast 31/10 - 04/11 2022 NIFTY Weekly Volatility Forecast 31/10 - 04/11 2022 Currently the volatility for this week is around 2.21% , down from expected 2.23% last week. According to ATR calculation, currently the volatility is located around 3th percentile. Under this circumstances the expected movement of the candle is : BEAR : 1.609% from the opening point of the weekly candle BULL : 1.909% from the opening point of the weekly candle At the same time, currently there is 33.9% that the movement within this weekly candle is going to break and close either above or below the next channel: TOP: 18309 BOT: 17510 Lastly, taking into account the previous weekly high and low there is a : 75% chance that we are going to touch the previous week high 25% chance that we are going to touch the previous week low
NSE:NIFTY
by exlux
Classical Chart Patterns - Bull MarketsHi there, i have been sharing the chart patterns which are seen on any type of price charts. (CANDLESTICK CHART) and after research and experience, i see that the price move via various ways or concepts. as per my experience, i see that the price move via waves & correction, and react to supply and demand levels. please share it and one may need it. and this is seen any type of instruments like stocks, forex, commodities, Futures & options. crypto. etc. in time frame for BULL MARKETS ONLY. Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:PATANJALIEducation
by Tradelikemee
JPPOWER Wait for Bulls & Trend ReversalThe idea here is about Jai Prakash Power Ventures: Jai prakash Power Ventures Ltd. engages in the generation of power. It operates through the following segments: Power and Transmission, Coal, and Other. The Power and Transmission segment includes generation, sale, and transmission of power. The Coal segment refers to the coal mining for captive use in energy generation. The Other segment consists of cement grinding. My view is short term bearish & long term Bullish for the below observed technical factors. Points as per TA on a Monthly, Weekly & daily Chart: 1. Contracting or symmetrical triangle formation observed with ABCD completed and expected move towards E on Elliott’s triangle pattern on a weekly chart as per below: 2. Cup & Handle formation observed on a Monthly chart & under ranging market at the time of publishing as per below: 3. Bearish Anti Butterfly Harmonic pattern completed swing target 2: A Swing = 6.45 which is also contracting or symmetrical triangle support zone as per below: 4. Bullish Gartley Harmonic Pattern CD leg in progress, min & max XD distance on Fib is 0.786 for Gartley which is 6.30. Which is also approx to contracting or symmetrical triangle support zone & Target 2 on Bearish Anti Butterfly Harmonic Pattern as per below: 5. Possible Inverse Head & Shoulder Pattern observed & price to be rejected @ 8.50 due to resistance zone & Bearish Anti Butterfly B point on a weekly chart as per below : 6. Elliott’s Bullish triangle ABCD points completed and Price direction towards E point on a weekly chart as per below: 7. Possible Head & Shoulder pattern observed on daily chart with support zone @ 6.75 as per below: 8. Trading way above 20 & 200 EMA on a weekly chart & 20 EMA cross over expected soon. 9. Trading above 200 EMA & 20 EMA Support on weekly chart. 10. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is strong uptrend & monthly chart is consolidating at the time of publishing. 11. RSI is at 54.17 on a weekly Chart and 49.44 on daily chart at the time of publishing. 12. MACD above signal line on weekly & daily chart, However it is converging towards signal line on weekly chart. 13. Hull Moving average on daily is a sell and other moving averages on weekly & monthly chart is a strong buy. 14. ADX ( Average directional index ) trend strength is at 23.43 on a weekly & 11.70 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). Projected Target with %: Wait for bulls to take over once the price hits 6.60 to 6.45 and enter long since the Risk to Reward looks damn good(Final % provided in chart), since the Earnings report which was on 22nd Oct 2022, looks good this week will give more clarity on Entry points, Stop Loss: Entry only once we have confirmation for long. Note: Any dip can be considered as accumulation. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JPPOWER
by Tron029
IRCTC Potential BreakoutThe idea here is about IRCTC: Indian Railway Catering & Tourism Corp. Ltd. provides railway related services. It engages in Catering and Hospitality, Internet Ticketing, Travel and Tourism. My view is bullish (Swing trade) for the below observed technical factors. Points as per TA on a weekly & daily chart: 1.Falling wedge pattern observed on a weekly chart & near the breakout point as per below: 2. Cypher Harmonic completed on weekly chart at the time of publishing as per below: 3. EMA 20 support established on weekly chart as per below: 4. Trading above 20 & 100 EMA on daily chart at the time of publishing. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Neutral & Weekly is strong downtrend and weak at the time of publishing. 6. RSI is at 55.36 on a weekly Chart and 58.75 on daily chart at the time of publishing. 7. MACD Just crossed signal line on daily chart which is a signal for upward momentum as per below: 8. MACD way above signal line on weekly chart. 9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 10. ADX (Average directional index ) trend strength is at 11.81 on a weekly and 14.09 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) However, the trend seems to be picking up. 11. Enter long position once the breakout is confirmed with retest on daily/weekly chart as per below: Projected Target with % : provided in the chart as per Cypher harmonic pattern. Stop Loss: Provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IRCTCLong
by Tron029
AXISBANK- 240 MINS TIMEFRAMEHi there, The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:AXISBANKLong
by Tradelikemee