Nifty immediate term target below 19250.A 5-wave rally from 18650 is seems to be over right now. Target of 19250 is quite possible.
Niftyview
NIFTY - Gifts, Limits and Taxes!Today assumes lots of importance from observing chart points. Start of New Month, Week, Half Week, Half Month, Quarter, Half Year. Slice in any form, you see a new start! It is also new start for SGX Nifty now called Gift Nifty from our Gift City. If you are twitter buff, Muck limits on Twitter, talk of the social media space, stuns everyone, world appears to have paused. More garbage in your TL than you would like to See. On the Taxes, GST prints new life above 1.5 Lakh Crore, clearly turning out to be an index of how much you are taxed than how much revenue is getting generated. No wonder, some moderation to the tax basket comes. Markets are not worried none of the head and bottom lines of Monsoon, Politics or rise of Agri prices. They are in their own journey. Dont see bears or the supply zone coming anytime before 19380. This trip is towards 20 K plus looks to be the way forward. Global US China politics appear to be on conciliatory mode, no one cares Russia, Ukraine for the time being. Asia Roars, important Data and FED minutes later in this week. Bulls have bolted themselves ahead, bears have to wait for another day. Tough for intra-day calls when markets open huge gap, if we open today it would be ticks of all sorts in the last one week. Save one day all are gap days. Stay on the longs, many individual spaces, sparkling. The sideline story is no longer the approach. FOMO to set and trip those attempts. Supports 19140-19080 Supply 19230-19280-19330
Ascending Channel NiftyIt has been under formation since the 2nd week of March, which reflects the overall trend of the market for the Last 3 Months. It is a good time to invest in Nifty Bees since it has reached an all-time high and is on an unknown trajectory. Overall, it is a super bullish setup.
Nifty 50 is in Bullish trend on weekly chartOn weekly Chart Nifty is in bullish trend. As nifty was stuck in the Neck and now its breaks the Zone-1 with long momentum candle. its required to retest the Zone-1 to continue the ride of rally
Pin point prediction of Bharat Forge For 3 to 7 July 23Hello Traders,
This marking on the is precise to give you the easy understanding of price action along with the way , I am going to trade next with , check below.
Pin Point Predictions of Tata Motors For week 3 to 7 July 23Hello Traders,
The marking on chart has been studied deeply to make you understand the next week move with price action prediction how to trade this on checking below.
Momentum with Nifty, but it is approaching over-bought zone.Momentum is with Nifty, but it has reached or will soon reach the Zone which might be very close to the overbought zone. Relative Strength Index cooldown / consolidation might also be required for Nifty to scale further highs. If not tomorrow then later next week. RSI will do some catching up and Profit booking at higher levels like we saw towards the end of Wednesday can also surprise. Beware of the Bull trap in some shares with weak fundamentals which might also rise as if they are genuine dark horses. 19000-19020 is the resistance zone now. Top of the channel for current let of the rally can be 19080 to 19200 range. Support for Nifty is near 18945, 18887.6, 18839 and 18796. Bear right now are on Oxygen. Some signs of life can return only if Nifty closes below 18602. Till that time Bulls will be in firm control.
NIFTY Intraday Levels 30 June 2023HI,
Here is intraday support resistance levels of NSE:NIFTY for 30th June 2023. You can plan your trade according to breakdown or breakout. Thanks.
Updated Analysis of Tata Motors On 29-6-23Hi Traders,
This analysis is update of last posted predictions on this stock. Two cases have been mentioned . you just need to sync price action accordingly . For more detail check below.
NIFTY ALL TIME HIGH SUSTAIN ?Is nifty sustain an all-time high?
I am expecting a pullback at 18000-18100, not a trend change because this picture is on a bigger time frame
NIFTY DAILY TRADING27 JUNE ANALYSIS:
Nifty opens:
side: if market give upside breakout then buy (PS-50% )
gapup: wait for price-action if there is huge gapup buy on breakout on either side(PS-50% )
gapdown: only very big gap down below 18700, will think of selling
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 daily analysis26 JUNE ANALYSIS:
Nifty opens:
side: if market give downside breakout 18645 then sell (PS-100% )
breakout on buying side 18720
gapup: wait for price-action buy on breakout(PS-50% )
gapdown: wait for further price-action and sell if breaks lower support (PS-50%)
buy if hammer candle is formed after big gapdown and breaks high of first 5 min candle [PS-100%)
NIFTY 15 MIN TRIANGLE FORMATION- FOR EDUCATIONAL PURPOSETriangle formation in Nifty refers to a specific chart pattern that occurs in the price movement of the Nifty 50 index, which represents the Indian stock market. The triangle formation is a continuation pattern that signifies a period of consolidation or indecision before the price breaks out in either an upward or downward direction.
The triangle formation can be further classified into different types based on the slope of the trendlines:
Symmetrical Triangle : In a symmetrical triangle, the price forms lower highs and higher lows, creating converging trendlines. This indicates a period of equilibrium between buyers and sellers, suggesting a potential breakout in either direction.
Ascending Triangle : An ascending triangle formation occurs when the price forms a horizontal resistance line and an ascending support line. The price consolidates within this pattern, with higher lows being formed. This suggests a bullish bias, and a breakout above the resistance level may lead to an upward move.
Descending Triangle : A descending triangle is characterized by a horizontal support line and a descending resistance line. The price consolidates within this pattern, forming lower highs. It indicates a bearish bias, and a breakdown below the support level may lead to a downward move.
Please note that trading decisions should not be based solely on chart patterns, and it's important to consider other factors such as fundamental analysis, market conditions, and risk management before making any trading decisions.
Nifty daily analysis26 JUNE ANALYSIS:
Nifty opens:
side: if market give downside breakout after consolidation around 18650 then sell (PS-100% )
gapup: wait for price-action trade on whichever direction it gives breakout(PS-20% for upside and 30% for downside)
gapdown: wait for further price-action and sell if breaks lower support (PS-50%)
buy if hammer candle is formed and breaks high of first 5 min candle [PS-100%)
Pin Point Predictions of Bharat Forge for 26 to 30 June 23Hello Traders,
This is Chart shows the trading plan Which , I am going to follow for next week in this stock. If you want to know more precise of understanding , how to use it, then check below.
Nifty Weekly Analysis for Jun 26 - 30🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 26 - 30
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18535, 18650, 18660, 18890.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a directional view (Bullish).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
Nifty Weekly Analysis for Jun 19 - 23🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 19 - 23
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern.
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
nifty will go down on 26/6breck out on trend line and have potential to fall as nifty touched all time high once therefore nifty needs to consolidate a little bit greatest opportunity to purchase put side
Review and Trading plan for 23rd June 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
nifty daily analysis
Nifty opens:
side: if market give upside breakout after consolidation around 18830 then buy (PS-30% )
if market moves down then sell (70%PS)
gapup: wait for price-action trade on whichever direction it gives breakout(PS-20%)
gapdown: wait for further price-action and sell if breaks lower support (PS-100%)
Fall Together from ATHObservations:: NSE:NIFTY and NSE:BANKNIFTY
If we see the Nifty trending upwards....
If we see Bank nifty Trending downwards.....
These 2 indexes are behaving differently....
Bank nifty broken the ATH in the last month only....
Nifty if break today...will say that it will also break ATH...
Bank nifty index Price after broken ATH Reversal again and fall happens.
If today nifty also break ATH, then it may also reversal...
we may expect price fall like happens in bank nifty.
the price is also at its ATH, near its trendline Break...price may break trendline as well.
Before Going to Break ATH, price is in consolidation happens in Bank nifty.
In Nifty after Breaking ATH, will coming below may again consolidates....like happens in
Bank nifty.
consolidation may Happens here...or
Note::
Nifty is Near ATH, and If today Bank nifty will also come back to near its ATH,
then Both will fall together.
Lets See What Happens...If this post is Helpful...like it. Thank you
NIFTY--Trending Breakout or Breakdown?? Observations::
The index is still in uptrend....
facing some resistance @ ATH...but no sign of bearishness is observed.
yesterday index is trading in a range....
if today this will range may be broken...and will observe a trending expiry...
Bullish expiry or bearish Expiry::
As long as price is above the 18700 it is bullish only....
if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again...
Fake breakdown may also be happen at this zone 18760-18740.
If price breaks @ATH, until which level we can expect..
after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise.
we cannot predict where it exactly reverse.. all these are our expectations only....
we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss..
so wait and watch the show...will have another day price will come back and move...
if it is fake breakout above ATH, will fall again...
Note::
BANKNIFTY broken ATH ...will expect nifty will also break...and reverse.
If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
