#Nifty #fibbonnaci #trendanalysis
Watch the levels 📈14420-14430 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 - 📉14200-14175 for the current up trend.
Watch the levels 📈14420-14430 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 - 📉14200-14175 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
●Nifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.
●Now 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.
●Also look for the all time high (14660*) for the next wave.
●The build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.
●The supports are 14560 -14460.
●Nifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.
●Now 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.
●Also look for the all time high (14660*) for the next wave.
●The build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.
●The supports are 14560 -14460.
nifty positional view.png
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Nifty is trading at a make or break level on a positional view basis, As long as the 💎14250 - 14220 level is supported we can expect a up move in the index around the 📈15000 levels.
If the support is violated we can see a further profit booking till 📉13800 - 13900.Considering the OI data and other statistical data we can expect the above movements in Nifty. 📊 #nifty #positionaltrading #niftytrend #supportresistance
If the support is violated we can see a further profit booking till 📉13800 - 13900.Considering the OI data and other statistical data we can expect the above movements in Nifty. 📊 #nifty #positionaltrading #niftytrend #supportresistance
Some Common Mistakes by Investors in Falling Market..pdf
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👆Some common mistakes by investors in a 📉📉falling market. #nifty #banknifty
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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.
📉📈Hourly chart
Trend direction to look for the fresh positions.
Seems 14250-14300 should be a good support post budget.
📊Always use multiple time frames to enter a trade.
For a hourly time frame entry, the daily timeframe trend should also confirm your signals.
📉📈Hourly chart
Trend direction to look for the fresh positions.
Seems 14250-14300 should be a good support post budget.
📊Always 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
➡️The 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.
➡️The 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.