Get started

Niftyshort

NIFTY RISING WEDGE PATTERNHello Welcome to this analysis about NIFTY , we are looking at daily timeframe perspectives. NIFTY in recent times heavily increased with Bullishness however it now moved into an overbought condition. NIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NIFTY is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how NIFTY has emerged with this key NIFTY RISING WEDGE PATTERN marked in my chart with the black boundaries. NIFTY is near support region which is an important support and also psychological resistance-mark together with the upper-boundary of the RISING WEDGE PATTERN a pullback In this manner, thank you for watching my update-analysis about NIFTY and its major RISING WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:NIFTYShort
by shanechart
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