Cup and Handle kind of structure forming in Nifty. Nifty has given a good closing despite ending below the weekly high today. This week's high that Nifty achieved was 24857 while the closing is at 24677. The closing is substantially above 50 Week's EMA at and 50 days' EMA which is at 24396. this should be considered good reversal signal subject to we get a closing above 24857 within next week or the week after. FIIs selling has diminished and buying has emerged. There was little bit of DII selling seen on the browsers indication a little bit of profit booking or sectoral rotation. If you look at the chart a prominent structure of cup and handle is emerging which is again indicative of a positive indication. Those who are sitting on cash can slowly start building positions.
The support for Nifty remain at: 24396 Strong support (Mother line of Daily chart) , 23882, 23340 Very strong support (Mother line of weekly chart), 23194 strong support (Mid channel support), If there is some adverse local or global news out of the blue all of a sudden as there is a substantial fall in unlikely circumstances the channel bottom support seems to be at 21229. (Highly unlikely scenario).
The Resistances of Nifty Remain at: 24857 strong resistance (Weekly High), 25377, 25827 (Strong resistance), 26277 (Previous high and very strong resistance). Once we cross and get a weekly closing above 26277 in a long term the next strong resistances will be at 27269 (Cup and handle top and very strong resistance). Channel top in the long run 4 to 9 months from now seems to be at 27801.
To know how to read charts and to know about Happy Candles numbers, parallel channel and my famous Mother, Father and small child theory read my book THE HAPPY CANDLES WAY TO WEALTH CREATION available on Amazon. The link to purchase the book is at the bottom in the signature section of the chart.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Niftyweeklyanalysis
Nifty Weekly Analysis Aug 7 - 11🔍 Analysis on Nifty for the Upcoming Week 🔮
Aug 7 - Aug 11
The Nifty index seems to exhibit a bullish trend in the long-term & bearish trend in the short-term, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19235, 19300, 19750, 19800, and 19990.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19800, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890 level.
Nifty Weekly Analysis Jul 31 - Aug 4🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 31 - Aug 4
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 19190, 19200, 19560, 19865, & 19990.
🔎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 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
📊 Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
Nifty Weekly Analysis for Jul 24 - 28🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 24 - 28
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 19190, 19200, 19560, 19990.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
📊 Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
Nifty Weekly Analysis for Jul 10 - 14🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 10 - 14
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 18890, 19190, 19200, 19235, & 19525.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19525, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890level.
📊 Support Level:
As long as Nifty sustains above the support level of 19190, 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 Weekly Analysis for Jun 12 - 16🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 12 - 16
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 18250, 18530, 18535, 18660, 18775, & 18885.
🔎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 18780, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18530, 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 5 - 9The Nifty index displays a bullish trend in both the long-term and short-term, as indicated by the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's crucial to keep an eye on the following key levels: 18251, 18465, 18535, 18660, 18890.
🔎 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 18660, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18465, confirmed by a strong and clear daily candle, it may signal a decline towards the 18050 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18465, the market can be viewed as bullish.
👀 Stay vigilant and closely monitor the price action throughout the week to make informed trading decisions. Good luck! 🚀💼
NIFTY ANALYSIS FOR MONDAY 5TH JUNE-FOR EDUCATION PURPOSE NIFTY:-NIFTY ANALYSIS FOR MONDAY 5TH JUNE-FOR EDUCATION PURPOSE
NIFTY:-
Monthly target:-
If Nifty sustain the level of 18750 in one or two week ,19000 level can be achieved.
If Nifty break down 18500 spend time below it and 18350.
WEEKLY TARGET:-
If Nifty sustain the level of 18550 BREAK 18600-18625-18650-18700 level can be achieved.
If Nifty break down 18550 and break 18500 spend time below then 18450-18425-18400.
DAILY TARGET:-
If Nifty sustain the level of 18500 THEN 18550-18575-18600 level can be achieved.
If Nifty break down 18500 and break 18475 then 18450-18425-18400.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
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#niftyweeklyexpiry
NIFTY:-
Monthly target:-
If Nifty sustain the level of 18750 in one or two week ,19000 level can be achieved.
If Nifty break down 18500 spend time below it and 18350.
WEEKLY TARGET:-
If Nifty sustain the level of 18550 BREAK 18600-18625-18650-18700 level can be achieved.
If Nifty break down 18550 and break 18500 spend time below then 18450-18425-18400.
DAILY TARGET:-
If Nifty sustain the level of 18500 THEN 18550-18575-18600 level can be achieved.
If Nifty break down 18500 and break 18475 then 18450-18425-18400.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#FridayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookformonday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#5th june nifty
#5th june banknifty
#5th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
Nifty Weekly Analysis for May 22-26Analysis on nifty for upcoming week May 22-26:
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
In the upcoming week, it's important to monitor key levels 18060, 18065, 18090, 18105, 18250, & 18460.
My outlook:
The outlook for the upcoming week's trading appears to be non-directional, with the possibility of nifty remaining in a sideways pattern.
If nifty breaks out above 18460 with a strong and clear daily candle, it could indicate a bullish market trend.
However, if nifty breaks down below 18060 with a strong and clear daily candle, it could signify the entry of bears into the market.
As long as nifty sustains above the support level of 18060, the market can be viewed as bullish.
Nifty Weekly Analysis for May 15-19Analysis on nifty for upcoming week May 15-19:
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
In the upcoming week, it's important to monitor key levels 18065, 18090, 18100, 18105, 18250, & 18389.
My outlook:
The upcoming trading week looks like non-directional, nifty may stay sideways.
If nifty BO 18390 with strong & clear daily candle then we can expect market to be bullish.
If nifty BD 18250 with strong & clear daily candle then we can expect bears are entering into market.
Until nifty sustains above 18250, we can remain bullish on market.
Nifty Weekly Analysis for May 8-12Analysis on nifty for upcoming week May 8-12:
The Nifty index seems to exhibit a bullish trend in the long-term while showing bearish in the short-term, according to the market structure.
In the upcoming week, it's important to monitor key levels 18040, 18065, 18090, 18105, 18250, & 18270
My outlook:
The upcoming trading week looks like crucial for bulls. Till now bulls had run a quick up trend with gap ups & big green candles of 1300 pts in 21 trading days.
Bulls looks like they have exhausted slightly, on the last trading day, the entry of bears are strong & clear with huge gap down & closed below the opening.
In coming week if nifty sustains above 18040-18105 then we can expect a minor consolidation, until nifty BREAKOUT strong resistance 18250 with strong & clear candle.
In case if nifty BREAKDOWN 18040 level with strong & clear candle in daily time frame, then bears will take control and we may see bear trend to unleash.
Nifty Weekly Analysis for May 1-5Analysis on nifty for upcoming week May 1-5:
The Nifty index seems to exhibit a bullish trend in the long-term & in the short-term as well, according to the market structure.
In the upcoming week, it's important to monitor key levels 17610, 18090, & 18105.
My outlook:
After analyzing the chart, it appears that the Nifty index had a strong upward momentum last week, gaining 475 points.
Based on this, it is my expectation that the market may enter a sideways movement phase with increase volatility in the upcoming week, with the index trading within a range of 500 points, specifically between the levels of 17610 and 18105.
#NIFTY WEEKLY MARKET FORECAST The price perfectly fulfills my last idea. Price breaks the Descending Parallel Channel and sustained above the channel also made high of ..17842 & also Closes at Higher level on Thursday session with strong buying momentum in the price. Swing positional traders now trail there SL @17611 who holding there's Positions with the long side view. Price can head towards the targets of 18111/18222.
#Nifty already moved 1000+ points from the support level so profit booking can seen in the price. #Nifty can retest the level of 17666/17600 and this level can also act as the support level for the price.181222--18200 Range is resistance area for the price.
#NIFTY WEEKLY MARKET FORECASTThe price perfectly fulfills my last idea. Strong reversal seen in the price which tends to lead the price towards upside and #Nifty made high of 17638 and hit the target of 17555/17600. As mentioned before that #NIFTY Trading in the Descending Parallel Channel and now near the upper side of the Channel which can act as Resistance for the price and if price breaks this channel and sustain above it than price can move towards upside and targets will be 17888/18055/18200 can be seen in next coming Trading sessions. And If price not able to breaks the upper channel and drop towards downside than we can see down move. Below 17400--17350 only weakness seen in the price.17200--17200 level can act as the support for the price as they previously acted as resistance and if market will drop down than this level can perform as the strong support zone for the price.
NIFTY strong REVERSAL candle on WEEKLY TF#NIFTY Strong reversal candle this week & long leg Doji on Monthly Chart after 3 Consecutive months sell-off!
If one had read the chart without any bias, the trend on weekly charts was up & not down.
Only a break below 16740-50 levels would mean a change in trend to downtrend.
The Price perfectly fulfills my last idea and moved towards the upside and also closes above the 17222+ On weekly chart. From the support zone of 16850 price moved towards the upside till the 17380+ with a bullish candle and price closes on positive note on weekly chart in the Friday session. After 3 consecutive red candle on weekly chart we closes in big green candle in the last week.
Now the price can head towards the 17555--17600 level to touch the upper downward parallel channel and if price go sideways for 1 or 2 days near the upper hand of parallel channel and than breaks the upper parallel channel and level of 17600 and sustain above it than we can see tremendous move towards upside and targets will 18000/18222+ In coming trading sessions.
If price unable to breaks the upper parallel channel and again respects it and face Resistance than we can again move towards the downside till the support level.
NIFTY weekly market FORECAST & Levels OVERVIEW👉 The price following Descending Parallel Channel on weekly chart .The level of 16850 To 16700 is strong support zone for the price on weekly chart. After hitting all time high for the first time price closes Below 17000 which showing week closing on weekly chart and level of 17000 which was crucial support level .🎯
👉If price breaks the last two week low 16945 and sustain for the hours than we can see sharp move towards the downside till the 16700 & If price breaks the 16700 support level , closes and sustain than we can see sharp drop in price and downside target will be 16300/16200📉✅
👉 Upmove possible in the price only above the level of 17222📈
👉The level of 16200 is good opportunity for investors to invest in stocks for the long term investment view📈📈👍.