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Niftyshort

Nifty Deep Crab Harmonic PatternNifty is forming Deep Crab in 1 Hour and 2 Hour and pattern is confirmed. It is still not bearish at the moment therefore, please wait for some signs of weakness. Per Scott Carney (Harmonic Trader) , SL for Deep crab should be around FIb level 2 of XA Leg. Other possible levels are 2.618 FIB Extension of BC Leg and 1.618 FIB derived from trend based FIB from ABC Swing. (Pl note that this 1.618 FIB is not prescribed level per harmonic trader books and strategies. This is based on my experience and learning. Again, right now it is not at all weak, Let is show some signs of weakness, like RSI sliding down, Bearish Div. on RSI, bearish candlestick pattern, bearish price action patterns etc.
NSE:NIFTYShort
by Kru-KB
4
Be careful Bulls Nifty is trading at a strong FIB Resistance level. be careful bulls out there. (1) 1.618 FIB from Feb-2020 High (2) 2.618 as a FIB projection (3) Tredline Resistance (4) RSI Divergence (Price higher high RSI lower high) Can it go high from this reange- yes it can, but it must break 15275-15300 with strong buying force and close above it Path of least Resistance is downards. Can it crash like Covid-19" - I dont think so, this is running correction for now until it breaches some major support. We will see when we reach there. Low Risk Short is on 4 Sure, Sl is 15310 Short at CMP with Possible target of 15k and 14800 k, this is swing short.
NSE:NIFTY1!Short
by Kru-KB
Double top formed! Will Nifty reverse it's trend?After having a bull run for a while, Nifty has finally formed a double top pattern. If the next session breaks the previous day high, it can rally upto 13700. If Nifty fail to cross the mark, there are chances it might consolidate. Disclaimer: These are my personal views. I have drawn the chart in such a simple manner for the beginners to understand. I don't recommend anyone taking trades blindly. Please analyze yourself before you enter a trade.
NSE:NIFTYShort
by nairvignesh9
NIFTY COMMENTARY by Kiran WEEK 10Hi friends, I made a title two weeks back, will make it or brake i t, now NIFTY is choosing the second option, braking to downside. And last week I was told that NIFTY will surprise in either side. Well this week it did not surprised me, infact it made side ways move with downside bias. Just remember any BULL market will end with retail participation and there will huge gap between market price and reality. The reality is lot of small businesses are in losses and market run to upside ignoring this fact. (of course lot of governments around the world announced huge spending due to pandemic) NOW everything in place and it is the time for BEAR MARKET. KEEP TIGHT STOPLOSS AT 11728 for bears on closing basis. I will go for this week with option 4 SELLing opportunity. Your Humble trader, Kiran QUOTATION : LEARN FROM EACH AND EVERY POSSIBLE SOURCE AND LET THE COMMON SENSE MAKES THE DECISION. --------------------------------------------------------------------- follow my profile for new trading ideas (kiransunku2016) --------------------------------------------------------------------- The five conditions I watch regularly are. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. --------------------------------------------------------------------
NSE:NIFTYShort
by KiranSunku2016