Fin Nifty Levels (for 07-08-2023)Fin Nifty Levels (for 07-08-2023) are given in the chart for educational purposes only.
Note:
1. Inverted Head and Shoulders pattern
2. 61.8% retracement level.
CNXFINANCE trade ideas
Fin Nifty Support & Resistance levels 7/8/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
FINNIFTY FOR EXPIRY 08AUG23 TO REACH 20370-470By Expiry on 8AUG, FINNIFTY to reach 20370-470
My Reasons to believe so
Friday witnessed buying from levels 19850 to 19990.
At the end of the day on option chain, Call buying could be seen upto 19800, indicating positive mood for Monday, given that premium decay during weekend is taken into consideration.
By evening, US markets are in the solid green
Bearish sentiments seem to have abated for now, looking at how markets across the globe is behaving.
There will be an attempt to stay above the well-respected trendline, meaning to climb above 20370.
Fin Nifty Levels (for 04-08-2023)Fin Nifty Levels (for 04-08-2023) are given in the chart for educational purposes only.
Fin Nifty Support & Resistance 4/8/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
FINNIFTY UPDATED CHARTYou can see all the support and resistance have been drawn already
For Education and training purposes
Any views about this are welcome
Note: If the market is sideways we will take buy-side scalping trade
Fin Nifty Support & Resistance 3/8/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
#Fin-Nifty Levels for 03-08-2023#Finnifty Expiry on 03/08/2023 , These levels might help you guys. As per my view, I'm sharing it with you guys. This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT
CNXFINANCE (FINNIFTY) intraday setup We may see a small upside tomorrow. It has crossed 0.382 (Fibonacci) levels and taking support. If it creates bullish candle between 0.236 & 0.382 levels, that would be the entry level with RR 1:2. Also we can trail the stop loss to maximize the profits.
RSI almost crossed level 60
Monthly expiry tomorrow, hence, be cautious
FinNifty Prediction for Wednesday 2nd AugustChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
Fin Nifty Support & Resistance 2/8/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
Fin Nifty levels (for 02-08-2023)Fin Nifty levels (for 02-08-2023) are given in the chart for educational purposes only. Do your own analysis
finnifty pre market analysis1 AUGUST ANALYSIS:
Daily analysis:
Nifty opens:
side: buy if breaks up (PS-70%)
gapup: wait for price-action buy on upside breakout(ps-50%)
gapdown: we trade in small qty on sell side price-action
on big gapdown we will wait for price-action, sell on breakout
Banknifty
side: buy if market breaks up (PS-70%)
gapup: we will trade in either direction if gives breakout after consolidation(50%up, 20%down)
gapdown: no trade
only on big gapdown then we will think of selling after price-action formed(100%)
Finnifty
side: buy if market breaks up (PS-50% morning, 100% evening)
gapup: we will trade if gives breakout after consolidation(50%up)
gapdown: sell below 20250
Fin Nifty levels (for 01-08-2023) Fin Nifty levels (for 01-08-2023) are given in the chart for educational purposes only. Do your own analysis
Fin Nifty Support & Resistance 1/8/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
#Finnifty Expiry on 01/08/2023, these levels might help you guys#Finnifty Expiry on 01/08/2023 , these levels might help you guys. As per my view, I'm sharing it with you guys. This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT
Expiry Target is like bulb 💡 blink1st Target is 20400
2nd Target is 20600
If u can wait 😜
Nahi .....tu samja nahi......😎😎
Finnifty elliot wave analysis Finnifty complete 5th wave upside one hour chart and start down side wave a,b,c
wait for complete wave a,b,c and finnifty start new impulse
Fin Nifty levels (for 31-07-2023)Fin Nifty levels (for 31-07-2023) are given in the chart for educational purposes only. Do your own analysis
Fin nifty Support & Resistance 31/7/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
Fin Nifty Support & Resistance 28/7/23Based on price action major support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line).
Fin Nifty levels (for 28-07-2023)Fin Nifty levels (for 28-07-2023) are given in the chart for educational purposes only. Do your own analysis
