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Niftylevels

Nifty Weekly Analysis for Jun 19 - 23🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 19 - 23 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
NIFTY--Trending Breakout or Breakdown?? Observations:: The index is still in uptrend.... facing some resistance @ ATH...but no sign of bearishness is observed. yesterday index is trading in a range.... if today this will range may be broken...and will observe a trending expiry... Bullish expiry or bearish Expiry:: As long as price is above the 18700 it is bullish only.... if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again... Fake breakdown may also be happen at this zone 18760-18740. If price breaks @ATH, until which level we can expect.. after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise. we cannot predict where it exactly reverse.. all these are our expectations only.... we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss.. so wait and watch the show...will have another day price will come back and move... if it is fake breakout above ATH, will fall again... Note:: BANKNIFTY broken ATH ...will expect nifty will also break...and reverse. If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
NSE:NIFTY
by IIT-Trader
NIFTY--Which is Support Trendline or Neckline??Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level. price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH, if this showing buying pressure and not able to go up side.... sellers are aggressively take the price to below 18600 levels. If we see we have a trendline support as well, if price failed to break 18800 level after taking the trendline support. Breaks the trendline then enter for short after a retest is done to trendline. if no retest is observed then wait it will again comes back to the same range. Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side. if price opens below this also look for sell on retest to this zone.
NSE:NIFTY
by IIT-Trader
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas TP 1: 18721 TP 2: 18635 TP 3: 18556 SL: 18810 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
Nifty Trade Setup (12-06-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Trade setup for tomorrow: 1.) If opens flat and takes support at trendline then will buy for target of PDH. If it breaks trend line and 1st support then will short for target of next supports ( 18470, 18450) 2.) If gap up or down then will trade only after clear setup. look for support or PDH/PDL as resistance and once good setup is formed i will trade.
NSE:NIFTY
by TradeInsights
Nifty Weekly Analysis for Jun 12 - 16🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 12 - 16 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18250, 18530, 18535, 18660, 18775, & 18885. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18780, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18530, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTY
by venunomula