Nifty H&S Targets AchievedNifty. despite the bearish undertone and commentary, completed its targets beautifully before nosediving. Many including me were expecting this volatility yesterday on the budget day but, markets always surprise you. Congratulations to those who made the most of it.
Future forecast, a shooting star has formed on daily chart which will become active only if we start sustaining below today's low for at least 30mins. I have turned short term bearish now.
Niftytrade
#NIFTY INTRADAY TRADE SETUP Greetings Folks,
today i have prepared a setup of NIFTY
the analysis is as follows
- the market was undecisive today
- made a pattern with dynamic support and resistance
- it can breakout either side, either use a retest entry or a good volume breakout as confirmation
dont play with fire, always use predefined stoploss
Nifty Intraday Buy Trade with amazing Reward to Risk
Price has to reach the Daily Supply which is the target of this Buy Trade, incase if the target is achieved first this buy trade becomes invalid, Price has grown exactly from the entry point and there are unfilled orders for which the Price has to retrace back into the demand. A very high probability Trade.
ENJOY THE RIDE
NIFTY GOING UP to 19000 BUCKLE UP FOR THE RIDE!!!
Price has started making Higher Highs which denotes an Uptrend, currently Price is giving a correction in the downward direction which again sigifies the Impulse Wave is in Uptrend and hence Uptrend is confirm.
Price has this Fresh Demand formed in The Daily chart which synchronises with the Weekly Demand as well, hence this is a Trade Zone in Daily with a minumum Risk 1 against the Reward of 13 makes this a favourable Reward to Risk ratio Trade,
The Target is derived as per the Fibonacci Extension considering the Wave 3 @ 1.618 Level which is Price 18948.15.
Cheers !!! Enjoy the Ride!!!
Nifty50 view for 29/03/2022Market was volatile today and during the second half gave a up move and consolidated near the resistance zone.
Nify has closed below the 50% of fib levels and Resisitance zone.
Market looks bullish for tomorrow but has remained volatile in 17200-500 range.
Support :- 17190, 17100
Resistance :-17225-30, 17320
Wait for the candlestick pattern to form near the levels before entering the market.
Nifty50 view and tradr setupNifty closed on a bullish note on last trading day.
Market trend reversed in the second half of the market.
Nifty is just below the resistance levels of 17321-17340.
Support levels:- 17190, 17100, 17000
Resistance levels :- 17340, 17500, 17600
Wait for the market to give a movement in either direction. The market may consolidate as market moved very bullish in second half of the day.
Proper price action near the levels will give a confirmation for trade setup to enter.
Nifty50 view for tomorrowNifty as expected couldn't cross and sustain the Resisitance level of 17320.
The market has streched and a retracement was pending.
On hourly time frame the trend look bearish and market is just near a short time support of 17110.
Wait for the levels and price action to for a pattern.
Support :- 17110, 17000, 16700
Resistance :- 17200, 17320.
Nifty 50 view for next weekNifty 50 has travelled above 17300.
Market has consolidated for the last trading day in a narrow.
On daily time frame, market is respecting the golden level of 0.618 on fib retracement.
Support :- 17260, 17200, 17000(round figure)
Resistance :- 17320, 17500-50.
Wait for the chart pattern to form near trend line.
Banknifty going DOWN? Nifty & Banknifty quick analysis + levels Today was a positive day for #nifty, but #banknifty slowed down and moved very choppily in a narrow range. The HDFC triplets (HDFC Bank, HDFC, HDFCAMC) saw some weakness today.
Banknifty is kissing the 50MA on the hourly chart and is at RSI 50, but Nifty is well above both those levels.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,590, 15,620, 15,660, 15,733 --- 15,750....15,986
Levels for Banknifty: 34,800, 35,250, 35,340, 35,400 --- 35,529, 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
P.S. more resources can be found on my YouTube channel. TradingView doesn't allow me to share links yet.