#Nifty #fibbonnaci #trendanalysis
Watch the levels π14420-14430 for tomorrow as the index might gap amid the global cues . The rally might extend towards 14800 on weekly basis if the above levels are breached on daily closings.
Support - π14200-14175 for the current up trend.
Watch the levels π14420-14430 for tomorrow as the index might gap amid the global cues . The rally might extend towards 14800 on weekly basis if the above levels are breached on daily closings.
Support - π14200-14175 for the current up trend.
Finwings Stock Trading Academy~ Free Educational Channel
We may see a intraday profit booking from the upper level range around 14620.
#nifty #trendanalysis
βNifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.
βNow since past 15 min closing we see that further selling pressure is not escalated, so wait for the todays high to break for fresh long positions.
βAlso look for the all time high (14660*) for the next wave.
βThe build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.
βThe supports are 14560 -14460.
βNifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.
βNow since past 15 min closing we see that further selling pressure is not escalated, so wait for the todays high to break for fresh long positions.
βAlso look for the all time high (14660*) for the next wave.
βThe build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.
βThe supports are 14560 -14460.
nifty positional view.png
281.5 KB
Nifty is trading at a make or break level on a positional view basis, As long as the π14250 - 14220 level is supported we can expect a up move in the index around the π15000 levels.
If the support is violated we can see a further profit booking till π13800 - 13900.Considering the OI data and other statistical data we can expect the above movements in Nifty. π #nifty #positionaltrading #niftytrend #supportresistance
If the support is violated we can see a further profit booking till π13800 - 13900.Considering the OI data and other statistical data we can expect the above movements in Nifty. π #nifty #positionaltrading #niftytrend #supportresistance
Some Common Mistakes by Investors in Falling Market..pdf
316.2 KB
πSome common mistakes by investors in a ππfalling market. #nifty #banknifty
Finwings Stock Trading Academy~ Free Educational Channel
This how the chart looks now. We also witnessed a buying pressure lately and the hourly candle close was quite convenient. We see buyers coming into play. Now the resistance will be 14130 for the current pullback.
#Nifty further positional analysis.
ππHourly chart
Trend direction to look for the fresh positions.
Seems 14250-14300 should be a good support post budget.
πAlways use multiple time frames to enter a trade.
For a hourly time frame entry, the daily timeframe trend should also confirm your signals.
ππHourly chart
Trend direction to look for the fresh positions.
Seems 14250-14300 should be a good support post budget.
πAlways use multiple time frames to enter a trade.
For a hourly time frame entry, the daily timeframe trend should also confirm your signals.
#Nifty #Intraday
>> The index took intraday support at the 5min cloud below the current price.
>> Still the higher time frames indicates the consolidation.
>> Market to reamin choppy, in the range 15300- 14800, for the short term view. Wait for the break above or below for fresh long/ short positions.
>> The index took intraday support at the 5min cloud below the current price.
>> Still the higher time frames indicates the consolidation.
>> Market to reamin choppy, in the range 15300- 14800, for the short term view. Wait for the break above or below for fresh long/ short positions.
#nifty #Priceaction
β‘οΈThe Monthly chart of Nifty indicates that we can see wick on the upper side of the candle, which hints the selling pressure for that current trading period.
>> If the monthly closes below the 14530 level which is also the prior monthly close, we can expect a further correction.
>> RSI is also resisting the 70 level mark.
* One should always confirm the higher time frame levels despite trading the swing or positional trading system.
β‘οΈThe Monthly chart of Nifty indicates that we can see wick on the upper side of the candle, which hints the selling pressure for that current trading period.
>> If the monthly closes below the 14530 level which is also the prior monthly close, we can expect a further correction.
>> RSI is also resisting the 70 level mark.
* One should always confirm the higher time frame levels despite trading the swing or positional trading system.