Nifty50
18646 giving a great support can the rally re-launch from here?18646 giving a great support can the rally re-launch from here is the question now. Usually when index or the stock finds a proper support and investors feels confident about the support, there is a possibility of restart or re-launch of the rally from that region. Whether rally will be successful like the previous phase will remain the question. However if the rally re-starts the next resistance will be near 50 Hours EMa that is 18733. Crossing 18733 the most important ATH resistance zone of 18795 to 18887.6 awaits Nifty. Supports at the lower side remain at 18646, 18562 and finally the bears wake up if 18421 is broken.
NIFTY BULLISH CONTINUATION STRAUCTURE On the daily chart you could clearly see nifty has form a zigzag ABC structure with small internal structures. the current upwards movement is the C leg of the bigger ABC which has currently tested 18875.30 resistance level.
In the upcoming days, Nifty will pause by retracing lower to find support around 18084.60-170600.00 zone
I advise you take a long trade AROUND THESE MAJOR ZONES and target 20400.00
NIFTY ANALYSIS FOR MONDAY 26TH JUNE -FOR EDUCATION PURPOSENIFTY ANALYSIS FOR MONDAY 26TH JUNE -FOR EDUCATION PURPOSE
NIFTY:-
If Nifty sustain the level of 18650 break 18700 then 18725-18750-18775 level can be achieved.
If Nifty break down 18650 and break 18625spend time below then 18600-18550-18525
NIFTY WEEKLY LEVEL:
ON UPPER BAND 18800 AND ON LOWER BAND 18525.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
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Nifty Dives below 50 hours EMA After Failing to Conquer ATH. Nifty Nose-Dived below 50 hours EMA After Failing to Conquer All Time High which was within the touching distance. The factors responsible for the fall can be attributed to Hawkish stance of FED before July FOMC. Hawkish stance of global Central banks and Profit booking near all time high. Relative Strength Index of Nifty (RSI) also needed some cooling down.
50 Hours EMA is working as an important resistance now and today low of 18647 will be important support for Monday. If the support at 18647 is broken Nifty can languish upto bottom of current channel and 200 Hours EMA which is near 18554. If Nifty closes below 18554 final support for Bulls is near 18421 closing below which bears will spring back to life.
DCMSHRIRAM Breaks Key Resistance Level with High Volume
🔍 Overview 🔍
DCMSHRIRAM, has been facing strong resistance at the 910-920 level since November 2022. Interestingly, the 910 level has been acting as both support and resistance since June 2021. Today, we witnessed a breakthrough of the 910-920 level with a significant surge in volume. This breakout occurred on the weekly and daily charts, making it a crucial development to consider.
📊 Technical Analysis 📈
Plan buy trade near closing of market if breakout sustains above resistance
DCMSHRIRAM has been consolidating within the 910-920 range for several months, indicating a period of indecision and lack of clear direction in the stock's price movement.
The 910 level has proved to be a significant support and resistance zone in the past, highlighting its importance in determining the stock's future trajectory.
Today, we observed a breakout above the 910-920 range with an extraordinary surge in volume, suggesting strong buying interest and a potential shift in market sentiment.
The breakout on both the weekly and daily charts strengthens the bullish case for DCMSHRIRAM, as it indicates a potential trend reversal and the beginning of a new upward movement.
📊 Technical Terms 📈
Before delving further into the analysis, let's clarify some technical terms for those new to trading:
1. Resistance Level: A price level at which selling pressure is historically strong, causing the stock's price to struggle to rise above it.
2. Support Level: A price level at which buying interest is historically strong, preventing the stock's price from falling below it.
3. Breakout: The movement of a stock's price above a significant resistance level or below a significant support level, indicating a potential change in the stock's trend.
4. Volume: The number of shares or contracts traded in a security or market during a given period. High volume often indicates increased market activity and can confirm the strength of a price move.
👍📝 Like, Comment, and Follow 👍📝
If you found this analysis helpful, don't forget to give it a thumbs up! Feel free to share your observations in the comments section below. Your feedback and engagement are highly appreciated as they keep me motivated to consistently provide educational content.
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💪🚀 Trading is not just about making money; it's a journey of self-discovery and personal growth. Embrace the challenges and keep pushing forward! 💪🚀
Remember, this analysis is for educational purposes only, and I am not a SEBI registered analyst. Always conduct thorough research and consult with a certified professional before making any investment decisions. Happy trading!
BANKNIFTY/NIFTY ANALYSIS FOR FRIDAY 23RD JUNE-FOR EDUCATION PURPBANKNIFTY/NIFTY ANALYSIS FOR FRIDAY 23RD JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43750 break 43850,then 43950-44050-44150 level can be achieved.
If BankNifty break down 43750 and break 43700 spend time below then 43750-43650-43550-43450-43350
NIFTY:-
If Nifty sustain the level of 18800 break 18825,then 18850-18875-18900 level can be achieved.
If Nifty break down 18800 and break 18775 spend time below then18750- 18725-18700-18675
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
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The Zone around ATH is proving to be a tough resistance. The Zone around 18862 and ATH of 18887.6 is proving to be a tough resistance to conquer. Nifty has so far made multiple attempts but has not been successful so far this week after coming in the touching distance couple of times. Once ATH resistance is crossed the next resistance will be near 18953 and 19018. But before we get there Nifty might again take a dip in search of a proper launchpad for that leap of faith. Global markets are expecting a hike by FED again in July FOMC as the action was PAUSE but commentary was hawkish. If that remains the case little bit of correction can also happen in Nifty. In such a scenario the supports this week will be 18827, 18790, 18756 and 18660. Below 18524 bear will try to snatch back control. Possibility of that happening is difficult this week. But we never really know.
Daily Time Frame - Anand Rathi Wealth 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
ZERO TO HERO EXPIRY STRATEGEY FOR NIFTY 22ND JUNENIFTY ANALYSIS FOR THRUSDAY 22ND JUNE-FOR EDUCATION PURPOSE
NIFTY:-
If Nifty sustain the level of 18850 break 18875then 18900-18925-18950 level can be achieved.
If Nifty break down18850 and break 18800 spend time below then 18775-18750-18725-18700.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tommorrowMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookfortommorrow
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
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Nifty levels for 22nd JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
NIFTY 50 - DAILY TIME FRAMEThe 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
The Question is When will Nifty Hit the All Time High? Nifty staged dramatic recovery in the afternoon today and covered shorts shocking the bears who were thinking of staging a comeback. Nifty hourly candle took support at 18660 and staged a mighty comeback of about 156 points to end the day at 18816 which is just below the resistance zone of 18842 and 18865. Final resistance will be 18887.6 which the the all time high of Nifty. Supports for Nifty are near 18790, 18752 and a strong support of 18726 followed by supports at 18660 and 18500. So the answer to the question The Question is 'When will Nifty Hit the All Time High?' is very soon. It can be later this week it can be tomorrow.
Nifty lifetime high comparison with Dec 1 2022Nifty 50:
Bank Nifty :
Nifty IT:
HDFC:
TCS:
INFY
Kotak:
This is the comparison of the major stocks, Nifty IT and Bank Nifty and current levels of major contributors.
Dec 1 2022, Nifty's was majorly from Nifty IT and from Bank Nifty.
Nifty IT was at Life time/ 52 week High and NIFTY Bank was also at almost 52 week high.
Current scenario:
As you can see currently none of the major stocks are near 52 week high or life time high.
Nifty's current contribution is only from sectors other than the major contributors.
Even without the support and even pull back from Banknifty and IT, there is no much fall in today's session even after almost reaching all time high.
There could be a breakout when there is a small push from Nifty IT and and Bank nifty.
Good thing is currently Nifty is respecting the trend line and closed above the trend line with a small pull back. However good OI is added in 18850 and 18900.
Note: This is only for educational purpose.
Again invariably Mid-Channel line comes to rescue. Again invariably Mid-Channel line comes to rescue as the NIFTY failed to make new All Time High today after coming very very close to the top. When you are near the top or while bottom is forming volatility will be at it's peak as near the top there will be profit booking and near the bottom there will be loss boking. Spot Nifty Supports and resistances are as under:
Nifty supports: 18717, 18637, 18555 and finally 18482. Below 18482 Bears will come out of coma and will try to regain control.
Nifty Resistances: 18784, 18826, 18865 and finally 18887.6 (Previous Top).
Top of the current channel can be between: 18887.6 and 19020.
Nifty Levels for 20th June2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
BANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURBANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43650 break 43750,then 43850-43950-44050 level can be achieved.
If BankNifty break down 43650 and break 43550 spend time below then 43450-43350-43250
NIFTY:-
If Nifty sustain the level of 18750 and break 18875 then 18800-18825-18850 level can be achieved.
If Nifty break down 18750 and break 18725 then 18700-18675-18650-18600.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tommorrowMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
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#bankniftyshareprice
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Nifty in touching distance of All Time HighNifty is within touching distance of all time high. The final resistance zone is between 18865 and 18887.6. It is a difficult but conquerable resistance zone. Supports on the lower side are near 18700, 18639, 18555 and finally 18461. Below 18461 closing the channel will be broken and the trend can become weak.
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas
TP 1: 18721
TP 2: 18635
TP 3: 18556
SL: 18810
use proper money management and this analysis is for educational purpose only and not a financial advise.