Is bull strong enough ? Trade plan Nifty 50 28th April 2021First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty : Trend is Up- Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Niftyindia
NIFTY Important Levels In ConsolidationTraders, NIFTY (NIFTY50) is consolidating i.e. sideways on the higher timeframes. Here are some of the important levels which can act as support and resistance. There is a good possibility of it forming an M FCP pattern which can push the price upwards but that also means that it needs to go a down a bit more into the FCP zone.
A full video analysis is now available on the channel too.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 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.
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Nifty Just some observation on weekly chart - After breaking out of 14474-77 levels in 1st week of Feb, Nifty has re tested this level 5 times, made new lows but weekly closing has never been below 14474-77 as of now. And 14474-357 looks like a good demand zone on weekly chart. Also a hidden bullish divergence is observed in the chart. So view would continue to be bullish as long as weekly closing is not below the above mentioned levels.
NIFTY 50 YOU SHOULD SEE THIS BEFORE BIG MOVEHello masters, hope you doing well.
Update regarding NIFTY 50 chart, as we can see triangle formation in chart, this formation can lead price to both direction depends in which direction price break. Currently price at support zone, we have 200DMA support in 4hour chart which always act as good support in many chart. So if you are going to trade this then pay attention closely and wait for clear breakout in one direction.
I have mentioned possible scenarios which are highly likely, so trade accordingly with proper setup and always place stop-loss.
Do like and follow for more charts :)
Bajaj Consumers Bajaj Consumers, Daily Time Frame,
Given Trendline Bullish Breakout
It's like ascending triangle pattern,
Along with Bullish UNGALI SETUP,
Weekly and Daily both MACD are positive and Aligned with Oscillators too.
All EMAs are Positive as per Requirement for Bullish Bias, One can go Long with Stop-loss of 268.
All key levels are mentioned in chart with Stop-loss and Targets.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
SOMANYCERA Somany Ceramics
Tide Daily MACD positive Crossover,
& wave is hourly oscillator upticks
Long term Resistance Trendline Breakout
Along with Cup n handle Chart Pattern Breakout.
With Good intensity of Volume.
All EMAS like 5, 13, 26, 50, 100, & 200 are Crossed
Over by PRICE in Both Tide and Wave.
One can go Long with Aggressive Stop-loss of Low of Breakout candle.
But Conservative Stop-loss is Nearest Swing Low.
This conviction is strong enough to build Bullish Bias,
Price action still says Closing above 470 in Daily time frame Will Make my Conviction More Strong.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NIFTY 32000 by Jan 2024India's #NIFTY is insanely bullish till Jan 2024 - this is the bull run we all have been waiting for
32300 by JAN 2024
Essentially we will more than double from here so we can safely say grow at 25% CAGR on an annualized basis when seen from a 4 YR time frame.
Best time to put money in the index fund