Nifty FutureThis is the daily chart of Nifty Futures, and it is confusing. There are a lot of mixed signals. Let me explain:
1. The pattern looks like a breakout of the bullish ascending triangle
Bull - 1 | Bear - 0
2. Bearish divergence quite clear
Bull - 1 | Bear - 1
3. The trend is bullish (refer to the trendline)
Bull - 2 | Bear - 1
4. EMA is aligned properly (100 over 200)
Bull - 3 | Bear - 1
5. Gap between EMA and candles is uncomfortable
Bull - 3 | Bear - 2
6. RSI is quite close to the overbought zone and is resisting
Bull - 3 | Bear - 3
Ab kare toh kya kar?
Simple, wait for the right levels to go long. There is no point in trading right now. You shouldn't go against the trend which is bullish, but these are not the right or comfortable levels to buy.
Positional
NIFTY is looking Bullish🤑 Nifty is likely to be Bullish till it's above 17245.
❓ Reason: Because of two consecutive candles closed above ATM Machine Target and not much far away.
🚧 Upside Hurdles: 17340, 17395, 17535.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🟡 Long Term Trend is Neutral.
📢 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.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
@OhoTrading
NIFTY50 is looking Bullish.Nifty is likely to be Bullish till it's above 17260.
❓ Reason: Because of Two consecutive candles closed above ATM Machine Target Point on hourly chart.
🚧 Upside Hurdles: 17340, 17535, 17645.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🟢 Long Term Trend is Positive.
📢 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.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Cams trend reversal chart shows that price has bottomed out
great momentum can be seen
enter once symmetric triangle is broken
look out for accumulation near resistance trend line in hourly time frame for further great entry
accumulation near resistance or trendline in lower time frame gives good signs of break out and we can avoid fakeouts.
price is above dema 100 and dema 50
TATACONSUMER - Harmonic PatternThere is been a probability of Butterfly Harmonic Pattern on the weekly chart of TataConsumer Ltd.
Positive price action
Price should close above 815 levels on weekly chart, for this probability to unfold
If it unfolds, stock most probably is moving towards 950-970 levels in the coming weeks and months.
Good support at 750-760 levels
Type of Trade: Positional Long Trade
i would be buying on a dip and also pyramiding on the way up.
let's take a quick look at #usdtd #tradingviewAll right guys what we have here is very important for the market's next move, the most important point of this chart that you are looking at is the #usdt #dominance I already marked on the chart for you the possible movement of this #index, I still bleve as #usdt #dominance is broken out the trend line that we can clearly see that its happened yesterday, I can say that the best positions that we can take right now are just #short #positions on the #resistance, try to find the best coins on your #whatchlist and #point the #resistance #zone for all of them, manage your risk and stick to your strategy and pul the #short #postions trigger.
#stay #safe