Get started

Niftyindia

Adani ENT Possible Short AdaniEnt is in strong uptrend. We have seen almost 30% move last week when it broke out from 1350 towards 1700. At this point, there are no signs of bearishness on any timeframes. However, I see a harmonic pattern and I am explaining it below. Pl note that this is a monthly chart on the log scale. Harmonic inherently does not support log scale therefore we have to manually project X-A, ABC Leg and B to C leg and look for major FIB Levels. FIB retracement and Trend based FIB extension tool on trading view supports FIB levels based on the log scale. I have mentioned levels in the chart only and therefore I am not repeating it here. Additionally, I have used pitchfork took. Pitchfork is used to project long term price cycles based on the trendlines drawn from FIB levels and identify swings. There are variations of the tool namely standard pitchfork (aka Andrew Pitchfork), modified pitchfork etc. For this, I have used standard pitchfork tool. Explaining the pitchfork in the idea not recommended but you can find relevant materials on Investopedia and YouTube. Pl see that 0.618 FIB line on the pitchfork acts as a resistance. I am not using it regularly but I do know about its usefulness and limitations. Again these are all possible zones from where we can see swing high formation and should see a correction but that does not mean we short it immediately. Let Price action show a bearishness with RSI weakness. negative divergence or some sort of bearish candlestick patterns. We will need to carefully wait and see how price structure develops from here and take a call accordingly. But Again, these are just possible zones from where market may reverse but nothing guaranteed.
NSE:ADANIENTShort
by Kru-KB
1
Nifty Deep Crab Harmonic PatternNifty is forming Deep Crab in 1 Hour and 2 Hour and pattern is confirmed. It is still not bearish at the moment therefore, please wait for some signs of weakness. Per Scott Carney (Harmonic Trader) , SL for Deep crab should be around FIb level 2 of XA Leg. Other possible levels are 2.618 FIB Extension of BC Leg and 1.618 FIB derived from trend based FIB from ABC Swing. (Pl note that this 1.618 FIB is not prescribed level per harmonic trader books and strategies. This is based on my experience and learning. Again, right now it is not at all weak, Let is show some signs of weakness, like RSI sliding down, Bearish Div. on RSI, bearish candlestick pattern, bearish price action patterns etc.
NSE:NIFTYShort
by Kru-KB
4
Nifty Intraday for 29th June and view for Next weekHello Everyone, Hope you guys have done well in the monthly expiry and made enough bread now let's talk about today intraday and for the Next week as well. you have seen that how Harmonic patterns work and can count every and each swing. You Just need to understand the momentum and the Market structure. Nifty is Trading on their resistance as per Harmonic ABCD pattern and a correction is Possible from 15,400-15,440 but a trend line is holding the trend so do not rush to open a short Position and its also against the mid and long term trend so I would not suggest to short until 15,270 breaks. We are getting 180 Point range for today and for next week as well. Good Luck
NSE:NIFTY
by Virupandey81
5
Nifty 50 Intraday Trade Setup for 26th May 2021Good morning Traders, The index is trading on a crucial and narrow range, You must be careful today because today is the last day before the Monthly Expiry. High Probability is Writers Play their game and manage the premiums in today's trading session. The problem is we are getting a very big Range in the Intraday 15,100 to 15,300 which is quite big for Intraday. Try to Understand the Range 200 Points Index has space to move 200 points Intraday before the breakout or Breakdown which is a sign for a volatile market so Be careful and trade according to the level. Good Luck Virendra Pandey
NSE:NIFTY
by Virupandey81
4
Nifty 50 Intraday Trade Setup for 25th May 2021The index went a narrow range after last week's rally. There is Multiple resistance now 15,380 to 15,400 the whole area is a supply zone as per our Harmonic XABCD & ABCD pattern and support is 15,100 now. SO we are getting only 300 point range for this week which is very low for Intraday. you guys must know why Intraday is a bit risky if Index trading in a narrow range. I repeat very little room on both sides so set up your trade according to it . Intraday range is 15,130 to 15,260
NSE:NIFTY
by Virupandey81
2
Nifty Future Nifty Future looking bullish One can go Long now or in dips with stoploss of 14990 All the key levels are mentioned in chart with Stop-loss and Targets Key Levels Upper Bollinger Macd in daily positive Macd in hourly positive Adx in daily positive ADX in hourly positive Rsi in daily above 60 Rsi in hourly above 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY1!Long
by RK_Chaarts
Nifty 50 Intraday Trade Setup for 11th May 2021Good Morning everyone, Hope you all are doing great and did good in the last week, Index short term trend is bullish and we have seen 500 points up move in the last week but the main problem is Index momentum in intraday is so choppy & messy and most of the movement comes with a gap up then the market turns sideways all over the day which is not tradable in the Intraday. Let's talk about our trade setup for 05th May 2021? Key Factors =================== 1-The index is trading on their Harmonic PRZ. The level is 14,972. which can act as resistance. 2-India USD and SGX Nifty both are trading on a Negative Note. Almost 114 Points down from the previous day closing. 3-Index Intraday Support is at 14,700. 4- Higher Trend is still missing and the wider range is still valid from 14,000 to 15,000. 5- 15,000 is the Phycological resistance confirmed with the Harmonic PRZ. Intraday on 05th May 2021. ================================ Intraday Range is 15,000 to 14,700 which is very big and can create a problem is the Intraday. The index is about to Open around 100+ Point gaps down so you must know the support area which is 14,700-14,730. Risky and Aggressive Traders can create a long position from the support zone with minimum sl and can hold the Position if 30-minute range breaks on the upper side, Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by Virupandey81
11