TVS motors bullish breakout analysisTVS broke out with 3 bullish candles and presently above support line
below 1300 setup is a fail...
next 4 months 1700 can be acheived
Niftyindia
Potential Breakout on Nifty 50Noticing a recurring pattern before major moves."
"Highlighted areas show potential support and resistance levels."
Not SEBI Registered. Please trade on your own rish
Market This Week.Market Outlook:
Nifty is delicately placed at a major support level which was this week’s low. If this week low is broken next week and we get a weekly closing below the same, we can see further weakness creeping into Nifty. Weekly closing of Nifty was not good and the closing was just below 50 Weeks EMA which is always a negative sign. The resistance for Nifty on the upper side will be at 19386, 19499 and 19586. Supports on the lower side for Nifty are at 19229, 19024, 188861, 18555 and finally 18421.
Nifty's unsuccessfully attempts to break free for down trendNifty's unsuccessfully attempts to break free for down trend was successful in breaking one down trend but the next trend line and resistance near 19584 was too tough for it to conquer. As Nifty was unsuccessful in breaking the trend bears capitalized and brought the nifty below both 50 and 200 hours EMA. Now Nifty rests on delicate support of 19365. This is a weak support and if bears attack again this support may not hold. Next support for Nifty in such a case can be near 19310 and 19252. If 19252 is broken Nifty can yield control to the bears who may try to push it further down to 19164, 19050 or even below 19K by the end of this month. Resistances on the upper side 19437 (Strong Resistance now) followed by 19479 and 19538. But things look a little dull for weekly closing.
In the Background Speech by Powell in US Fed Jackson Hole Symposium tomorrow will be key to future of global markets. Right now things do not look good as the signals are that US FED may continue with the Hawkish stand.
19637 level is good support and Nifty may aim to go higher.19367 level is good support and Nifty may aim to go higher from here. Just below 19367 is 50 days EMA at 19281. Finding a support above 50 days EMA is a good sign and Nifty can aim for next resistance level of 19514 or even 19631 from here. Closing above 19631 will give a boost to Nifty for the targets of 19786 and finally it can again take an aim at allusive target of 20K. Supports on the lower side as mentioned will be 19367 and 19281. Below 19281 Nifty becomes weak again. But right now the jubilant mood of success of Chandrayaan 3 mission should only reflect in the market if not for the full weak atleast for tomorrow.
#NIFTY50 intraday trade idea setupGreetings Folks,
today i have prepared a setup on NIFTY50
the analysis is simple
- there is a minor range
- price trying to form a bullish structure
dont play with fire, always use predefined stoploss
NIFTY 50 18/08 MovePair : NIFTY 50 Index
Description :
" ABC " Correction
Bearish Channel in STF as an Corrective Pattern
Double Bottom
Impulse Correction
RSI - Divergence
50 days EMA gave proper support. 50 days EMA gave proper support to Nifty supporting our MFSC Theory (Mother, Father Small Child Theory). Till Nifty remains above 50 days EMA all is good. Once / If the support is broken there can be panic and DII who are in the buying mode and supporting the index in every fall also might turn into sellers. That is not the case for now and 19299 and 19250 remain as major supports. Closing below 19250 can take us to the levels like 19079, 18894 and 18637. On the upper side if the recovery continues post major comeback on Monday, the resistances on the upper side are 19524 and 19657. Nifty very interestingly poised after a great fightback from Bulls who helped Nifty close in positive on Monday staging about 177 points recovery.
Sorry For The INCONVENIENCE Guy's Sorry guy's
I'm not available to give today's levels 🙏
If you have any queries ask me in comment section 👍
@Jagadheesh_Jk
Critical Final Support Zone For Nifty has arrived. Critical Support Zone For Nifty has arrived. This support zone is between the low of today that is 19412 and 19299.This zone has potential to support Nifty and empower it to cross 200 and 50 hours EMA which are at 19470 and 19538 respectively. Bullish sentiment can return only after closing above 19538. Crossing 19538 the next resistance for Nifty can be near 19597 and 19645. Closing above 19645 will then give psychological edge to the Bulls who will try to pull Nifty above 19800 and eventually 20K+. Closing below 19299 can change the trend in favour of Bears.
50EMA (Mumma Support again pulls back the child like a magnet.) 50 EMA (Mumma Support again pulls back the child like a magnet.) Nifty which tried to break the shackles of 50 EMA is again under the same and now the full zone between 19566 to 19684 is full of resistances. Nifty will be bullish only after it closes above 19684. Till then there will be stock specific action based on results. Supports on the lower side are at 19528 and 19471. Other major support of 19471 is broken will be 19423. Below 19423 Nifty becomes very weak and Bears will be calling the shots totally.
Nifty Respected our Mother Father Small Child Theory. Nifty on a third attempt today broke the Parallel chanel top and closed comfortably above 50 hours EMA (19568)(Mamma Line). If Nifty sustains above 19568 tomorrow it will turn positive again. In such a scenario the next resistances will be at 19645 and 19684. Crossing and closing above 19684 will open the possibility of Nifty 19798 and 19850+. Supports for Nifty on the lower side are at 19528, 19465 (Pappa Line) and 19423.
Look at the chart and think about our Mother, Father and Small Child theory which says. The small child (Candle sticks) run around like a small child set free in a garden or a play ground. Keeps coming back to Mother line (50 EMA again and again). In case of making new highs or difficult circumstances it comes to meet Pappa line (200 EMA). In case they give 'ashirvaad' or permission to fly it runs away from them with freedom. In case they dont give permission the helpless child will remain below their shadow. Mummy and Papa are strongest supports and strongest resistance for the small child. (small child being the candle sticks, 50 EMA being soft Mamma Line and 200 EMA being Strong Pappa line.
Now again look at the chart. There was a gap down on 2nd August...Mother brought the child under her shadow and told her husband..."The child is becoming very naughty please take care of him for a while...". Pappa has to oblige.
Only 4th August the child was set free by Pappa line after the child pleaded for Freedom but Mamma line this time very disturbed did not allow freedom to the child till 7th August. Again on 8th August Mamma caught hold of the child and gave possession back to Pappa. Today morning Papa again told the child (supported him but also scolded "don't be too mischievous go and play" so the child from then on was set free..). Papa also instructed the mother..."Let the child play". This time in late after noon Mamma has obliged and the child is set free to play again. If the child behaves properly this time and stays above Mamma line...It will fly/run further...
Nifty Not able to break Channel top smells Weakness.Another attempt by Nifty today to break the channel top was unsuccessful. Nifty made a high of 19634 which was channel top and from there we saw pressure build and resistance work. The resistance pushed Nifty downwards and the support of 19533 was activated and it worked well. Nifty staged mini recovery from that level and closed the day at 19570, which is just below 50 hours EMA. Unable to conquer the channel top and ending below critical resistance has activated Bears and they will try again to push nifty down. 19533 to 19520 and then 19459 to 19423 can again be support zones for Nifty as of now. A closing below 19423 will empower the Bears more and they can further drag Nifty towards it's final support of 19296.
Nifty has closed near very critical resistance zone. Nifty on hourly chart has closed near very critical and strong resistance zone formed due to a parallel chanell in which it is falling since it made a new high of 19991.85. The resistance zone starts from today's high of 19620 and ends at 19685. Closing above 19685 is imperative for Nifty to go towards 19798, 19871 and finally then it can aim for the target of 20000+. Supports for the Nifty on the lower side will be at 19258 and 19423. closing below 19423 will bring back bears in action. Final support for Nifty is near 19296. Below 19296 closing Bears will start dominating. Below 19191 closing will be a trend change and Bears can take full control.
Very interestingly placed Nifty respecting a critical support. Very interestingly placed Nifty respecting a critical support of 19296. The zone between 19296 and 19174 is a good strong support zone for Nifty. If this zone will be broken the Nifty can open floodgate for bears and take the index towards 18883, 18440 or 18268 in the worst case scenario. However the strength shown on Friday should be seen as buoyancy of Indian markets which will attempt to take Nifty upwards. In such a case the next resistances will be near 19530, 19677, 19871, recent high of 19991.85 and finally towards new high and channel top near 20234. First 2 days of the week will decide the mood of reminder of the week or perhaps the full month.
Absolutely critical support levels for Nifty in range. Nifty will have three supports in range which will be like last refuge for bears. One is the low of today which already gave support in the closing hours to Nifty. i.e. 19292. Belos 19292 we have the support zone between 19202 and 19239 hopefully Nifty will bounce from this zone. If not...bears will start coming into action with a lot of energy. Lot of resistances for Nifty on the upper side. Prime Resistance being 19408 to 19438 zone. above 19438 the zone til 19604 will see a tough fight between bulls and bears. Above 19608 bull will again take control of the market.
Major Correction in Nifty due to Global factors. Nifty today closed 1.05% in the negative due to major global news of US downgrade. Lot of Euphoria was also there and many stocks were seething in the overbought zone so the correction was due. Major supports now for Nifty can be near 19440 and 19315. If 19315 will be broken bears will get more empowered and next support zone will be in the range of 19239 and 19202. Resistance on the upper side will be near 19557 and 19666. Mostly it looks like Nifty will test further supports only rather than resistances this week but you never know.
Another Grand day for NiftyNifty Seems to be defying gravity and seems determined to create yet another high given it is able to clear the resistances ahead. The resistances being 19767, 19837, 19912 and 19991. If these levels are crossed the New Nifty high can be near 20100 or 20242. Supports that Nifty has as of now are 19701, 19577 and 19411. Below 19411 the only major support now remains at 19315. Below 19315 bears will wake up from coma.
Nifty near an important support. Nifty is near an important zone which can potentially give it support and help it to re-launch the rally. If this zone between 19626 and 19599 is broken next important support will be at 19223 which is a major trend-line support. Welow it we will have 50 days EMA at 19085. The Bull stay in control till we dont get a weekly closing below 19085. 19085 to 18201 is a fierce battle zone of bulls and bears. Bears take control below 18201.Right now we are not looking at that conflict till the Nifty stays above 19021. Resistances for Nifty on the upper side are near 19792, 19991 and 20116.
Negative Closing and a bearish engulfing on daily chart. Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally and totally awaken the bears. Till we are above 19298 we can consider this fall as correction and consolidation within the Bull Rally.
Nifty Supports: 19641, 9578, 19507, 19373. and 19298.
Nifty Resistance: 19743, 19823, 19874 and 19939.
19750 and 50 Hours EMA at 19723 major supports for Nifty. 19750 and 50 Hours EMA at 19723 major supports for Nifty. Below these 2 levels the support for Nifty will be near 19621 and 19516. Nifty becomes vulnerable and bears can tighten their grip below 19516. Below 19516 only 19347 is the major support (200 Hours EMA). Trend can change to bearish below this level.
Resistance on the upper side for Nifty will be near 19827 and 19890. If these resistance are crossed Nifty will once again look at aiming towards 20K mark if it able to conquer final 2 resistances at 19939 and previous high of 19991.85.
Mid-Channel Support and 50 EMA on Hourly Parallel channel BrokenMid-Channel support and 50 hours EMA on Hourly Parallel channel is Broken and now the next support for Nifty is only near 19633. Other supports for Nifty are near 19572 and 19516. 200 EMA which will be like major support for the existing rally is near 19289. Below 19289 the Rally may fizzle out and bears will strive to take control. Resistances on the upper side will be the zone between 19708 to 19761 (Major resistance zone now as it will have several resistances including 50 hours EMA and Mid channel Resistance). Crossing this zone is difficult but if Nifty does cross it next resistances will be near 19827, 19890 and finally 19939.
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