NIFTY1!05-12
Daily chart of NIFTY1!
LTP: 18817.75
Seems like a breakout from the old bullish symmetrical triangle pattern.
Resistance made at 18998.85 (manual).
Supports are at 18004.70 (manual) 17302.15 (200 EMA).
The gap between candles and 200 EMA is uncomfortable but the trend is bullish.
Strategy should be buy on dips.
Positional
$FTSE - Where to next? Longer term.$FTSE - Where to next? Longer term.
Here's a look of what could happen with the ftse going forward.
Technical view:
Got a stocks and share ISA? Take advantage of the great price points. As we are getting towards end of the year adjusting portfolio and to seek out further long term positioning. One specific instrument I have been looking at is the FTSE - Any pull back towards 700-630 - I will be buying the dip! The same principle goes for various other indices as well. FTSE - Inverse H&S if we break below 620 - this idea is no longer valid. I will be taking into considerations fundamentals as well.
Not Signal Provider or Investment Advice
NIFTY50 is looking Bearish.
🤑 Nifty is likely to be Bearish till it's below 18250.
❓ Reason: Because Nifty is below the ATM Zone Upper Point and Below Trailing SL point of ATM Machine Indicator on Hourly Chart.
🚧 Downside Hurdles: 18130, 18050, 17965.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
👺 Long Term Trend is Trapping the Bulls.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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@lohotrading
KOTAK BANK- Pullback tradeThe stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016