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NIFTY-NSE

Buy INDIA CEMENTSScenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens to be around 108. 108 has been a key level in the past also which indicates it may again act as support and stock may resume it's freshly initiated bull move. A decisive close above 120 may provide for even higher targets of around 130.
NSE:INDIACEMLong
by ExoProd
Is there a crash(correction) coming in Indian Market???Hi Guys, I posted the same thing before but I guess you people were not able to see the waves clearly so that's why I am posting it again so that you can see waves clearly. My apologies for that. Here I am going to analyze the 1-Month chart of NIFTY. So this is how it goes:- According to Elliot waves theory, the 1st wave of the next bull run starts from the point of crisis or crash or war or all other depressing events. The major happened back in 2008. So from that point of time, the next bull run began. 1st wave: The first wave of the major bull run(2009-2018) was started in early 2009 which was lasted until October 2010. 2nd wave: The second wave which was basically the correction of the first wave was completed around December 2011. 3rd wave: The third wave started in early 2012 and lasted until Feb 2015 and according to the wave theory, the third wave should be bigger than 1st wave to which it quietly followed beautifully. The third wave was around 1.1 times bigger than the 1st wave. 4th wave: The correction of the third wave started in March 2015 and was completed in around March 2016. 5th wave: The fifth and last wave was started in March 2015 and completed in January 2018 and was almost equal to the length of the 1st wave following the Elliot Wave Principle. So as the supercycle(wave 1) is completed, Now it's time for its correction. Generally, It retraces around 50% to 66% of the base wave. So following that we can see a healthy correction up to 6000-6500 incoming 1-2 years. Another proof for this theory is that it is perfectly following the parallel channel. According to Elliot you only need three points to draw the parallel channel so after having 1st, 2nd, and 3rd wave if draw a line joining 1 and 3 and drawing a parallel line passing through 2 we can have the parallel channel and 4th and 5th wave also perfectly following that. RSI is also giving the Bearish Divergence Signals. The momentum is slowing down. BEARISH ENGULFINGhttps://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2201 Reversal candle also forming on the top. And there is the election is also going to happen next year, and that is also going to have a huge effect on the market. It will be interesting to see how the market is going to react on that.
NSE:NIFTYShort
by aman12
4
Nifty Gann Square forcast Lines and curves are support and resistance for price. The demand and supply zones are also marked on the chart which will give additional confirmation for price movement. Trade setups are not mentioned on the chart because the trend perception of individual will be different, intention of the chart is to make traders aware of important time and price levels, which they can use in their positions. The impulse leg for gann square is short as it may not work as impulse leg if we reverse and fall. But if we move up then these levels will help a lot. Other than this chart there are few observation. 1. We have paper pin kind of pattern on monthly chart, which may work as base for short or medium term. 2. On weekly chart we have weekly close above previous weeks high. 3. Double bottom like pattern is formed on daily chart around 7900 which was good point for long. 4. 8275 is important level structurally, if we close above that, only then case for short term uptrend will be confirmed. This was the last trading day in 2016 and markets will open in 2017 only :) I wish happy and prosperous new year to all 1.May this year bring you biggest profitable trades....(short or long it doesn't matter) 2.May you be on the correct side of the trend. 3.May you plan and implement the best trading plan. 4.May your stops will get hit less times, than your targets. 5.May you adhere the money and risk management in 2017
NSE:NIFTY
by dhananjay.d.joshi
7
Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time. Gravestone Doji : 1. Formed when opening and closing price are almost equal. 2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices 3. This candles indicates turning point of a trend, known as bearish reversal candlestick In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
NSE:NIFTYShort
by NeeteshJain