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Niftytrendanalysis

NIFTY--Bull & Bear Trap?? Liquidity & More Liquidity ??Price is closed near the Support zone at 22000 levels... we are still left with the liquidity below 21850 levels. Bear Trap:: what happens if the liquidity cannot be done now... If this time price failed to push downside more chances of fall below 21850 levels from topside. If price opens up and continue to move upside there will be one more fall from the topside. then the price won't respect the neckline as well, just gives pull back if possible, and eliminate all shorts, and it will continue its momentum towards top levels. Those who are carrying the puts this time price manipulation done, by taking the price towards upside. ------------------------------------------------------------------------------------------- Bull Trap:: When bear trap happens, then price closing is given near the resistance levels, then this time every one thinks that price is unable to break the bottom side, so it is still in bullish and everyone then looks for long side.. by keeping the stop loss at 21850 levels, which is failed to break now. this time price clears the stop losses at 21850 and again showing bullishness, this is pullback for short side continuation and again falls to grab all the liquidity below 21500 levels. Sell setup:: look for short side when price comes to these area at Right Shoulder. If don't at least take care from this levels before long side. A strong Bearishness is observed from the 22400 levels... the right shoulder is strong one, after the liquidity grab on topside above Right shoulder, price again turns to be bearish. and price comes to the downwards with strong bearishness mostly gap down occurs. this time price breaks the 21850 levels and grabs all the liquidity. ---------------------------------------------------------------------------------------------------------- Points:: 1.If we see the chart not only price forms a head and Shoulders in lower time frame also in Higher time frame as well. 2.price broken the trendline as well.
NSE:NIFTY
by IIT-Trader
9
NIFTY--Liquidity lies @Double Bottom??Nifty index is showing straight forward bullishness from the keylevel @from BASE high. Price observed a rally base rally from 21500 levels to 22500 levels. Trendline is also acts as support,to push the price. Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies at 21700 levels.Price has to test these levels again for further move in Nifty INDEX. Will update all the information accordingly to reach for these levels.
NSE:NIFTY
by IIT-Trader
21
Nifty50 Trend Analysis Corrected ChartEverything is same except the sub waves of Wave 3, which is corrected for its degree from minor to intermediate. It is currently undergoing Wave 4 correction. Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line. Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens. Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of equal length. Use this correction as buying opportunity in specific stocks or sectors where bullish chart patterns are visible. Avoid stocks which have rallied too much. Do your own due diligence before taking any action. Peace!!
NSE:NIFTY
by Swastik24
Nifty50 Trend Analysis as per Wave TheoryIt is currently undergoing Wave 4 correction. Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line. Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens. Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of equal length. Use this correction as buying opportunity in specific stocks or sectors where bullish chart patterns are visible. Avoid stocks which have rallied too much. Do your own due diligence before taking any action. Peace!!
NSE:NIFTY
by Swastik24