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Niftytrend

Nifty closed just below 50 hours EMA.Nifty has closed 1 point below the 50 Hour EMA at 24530. (Mother line) - to know about the Mother, Father and Small Child story read The Happy Candles Way to Wealth creation available on Amazon. Supports for Nifty now remain at 24509, 24359, 24211 and 23985. (23985 is a very important 200 hours EMA support). Resistances for Nifty will be at 24351 (50 hours EMA), 24599 and channel top resistance near 24854. Hourly RSI has cooled down from 70 which was on 18th July to 42.5. RSI support is at 38.07 and 22 levels these are the two levels after reaching which there can be a chance of a bounce back. As of now shadow of the candle is weak red.
NSE:NIFTY
by Happy_Candles_Investment
Force Motors under the garb of descending triangle nowThis chart shows a technical analysis of the stock price for Force Motors. The pattern displayed is a descending triangle, which is typically considered a bearish pattern. Here are the key features and interpretations: Descending Triangle Pattern : # Resistance Line (White Line): This is the downward sloping trendline connecting the lower highs. It indicates that the stock has been consistently making lower highs, suggesting a downward trend. # Support Line (Green Line): This is the horizontal line connecting the lows, showing that the stock price has found a support level where buyers come in to prevent the price from falling further. Price Movement : The stock price is moving between these two lines, bouncing off the support and resistance levels. As the price continues to test the support level (green line) without breaking through, it signifies strong support at this price point. However, the descending resistance line indicates sellers are consistently pushing the price lower at each rally. Potential Breakout : If the price breaks below the support level (green line) with significant volume, it could indicate a bearish breakout, leading to a further decline in price. Conversely, if the price breaks above the descending resistance line (white line), it could suggest a bullish reversal, with the potential for an upward movement. Volume Analysis : Typically, volume plays a crucial role in confirming the breakout. An increase in volume on a breakout below the support line would confirm the bearish trend, while an increase in volume on a breakout above the resistance line would confirm a bullish trend. In summary, this chart suggests that Force Motors is currently in a descending triangle pattern, which is a bearish signal. Traders and investors should watch for a breakout from this pattern to determine the next potential move of the stock. Major levels to consider: Support - 7850 Stoploss - 7450 NOTE : Please consult your financial advisor before taking any trade/decision in Force Motors
NSE:FORCEMOTShort
by smartmarketview
NIFTY INTRADAY LEVELS FOR 19 JULY 2024BUY ABOVE - 24830 SL - 24780 TARGETS - 24900,24960,25030 SELL BELOW - 24730 SL - 24780 TARGETS - 24660,24580,24530 NO TRADE ZONE - 24730 to 24830 Previous Day High - 24830 Previous Day Low - 24530 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty crosses strong resistance, Medium term target 25K+ open.Nifty crosses strong resistance of 25720 for the first time. This opens the door for medium term target 25K+. Although there are few more important resistances to cross before this happens. The important resistances now are at 24837, 24887, 24937 and 25024. Top of the channel now seems to be at 25243. The support for nifty if it decides to cool the RSI seems to be at 24720, 24593 and 24508 (50 Hours EMA, Mother Line) (To Know about Mother Father and Small Child story - Read the Book Happy Candles Way to wealth creation). Post 24508 the only major support is 24462. Below this level (24462) bears can awaken.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY ANALYSIS FOR 18 JULY 2024BUY ABOVE - 24660 SL - 24580 TARGETS - 24730,24800,24860 SELL BELOW - 24580 SL - 24660 TARGETS - 24530,24490,24440 NO TRADE ZONE - 24580 to 24660 Previous Day High - 24660 Previous Day Low - 24580 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
2
Today's high 24661 a strong resistance point to watch out for. Today's high 24661 a strong resistance point to watch out for. If Nity is not above to close above this level then we can see the fizz of the current rally going out and Nifty can go searching for supports in the short term. If we get a closing above 24661 the top of the trend seems to be near 24726 for now. Supports for Nifty seem to be near 24593, 24526, 24476 and the zone between 24443 (50 Hours EMA) and 24404. Below 24404 closing the bears will get some breathing space and can pull nifty further down.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY - Correction ahead of BudgetAt this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines). SI - 24,162 SII - 24,010 SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid T.line) The strategy is to take short today after testing the previous High @ 24,401 (the move might start today or 2 days later, Tentative) Trade Accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
Nifty returned from an important trend line resistnace today. Nifty touched and returned from an important trend line resistance today at 24635. During the course of day another point at This will be an important hurdle to cross before we reach another hurdle which 24615 also proved to be a resistance. If these two resistances are crossed next resistance will be at 24692. Supports for Nifty are at 24526 and 24476. the zone between 24404 and 24383 forms an important band of support for Nifty as of now.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY ANALYSIS FOR 16/07/2024BUY ABOVE - 24630 SL - 24580 TARGETS - 24700,24760,24830 SELL BELOW - 24530 SL - 24580 TARGETS - 24490,24440,24400 NO TRADE ZONE - 24530 to 24630 Previous Day High - 24630 Previous Day Low - 24530 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
4
NIFTY INTRADAY ANALYSIS FOR 15 JULY 2024BUY ABOVE - 24580 SL - 24490 TARGETS - 24650,24720,24800 SELL BELOW - 24490 SL - 24580 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24490 to 24580 Previous Day High - 24580 Previous Day Low - 24350 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Sell Nifty spot 23305, target 22380-350 range stop 22500 spotNifty correction can start anytime as prices seems to be going below short term averages and soon it can start a downtrend with lower highs and lower lows. Profit booking is going on at current levels. Also SEBI restriction on derivatives is not good news for market as it will hugely impact liquidity and hedging cost will increase for institutions. Supply for shares will increase due to this at current levels and demand to buy shares will be selective as valuations are high. So I think we can easily see 1000pts correction in nifty towards 22380 to 22350 range where good support identified. All the levels are in spot, trade futures or options accordingly. Timeline is 5-8 trading session minimum.
NSE:NIFTYShort
by PrashantDahale
Good Support taken by Nifty today but trendline resistance loomsNifty today took a support at 24141 and market a recovery where it closed at 24324. If Nifty is able to close or hold above 24353 there can be recovery which can lead to Nifty going as high as 24403 or 24461. If and when we get a closing above 24461 we can think of crossing 24500 and hitting a high of 24520 for now. If the resistance of 24353 is not corseed and we do not get a closing above it Nifty can again go fetching a support. The support for Nifty are at 24286, 24243 (50 hours EMA)(Strong Support), 24141 and 24054. Below 24054 Bears can stake a claim and pull the Nifty further down.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 12/07/2024BUY ABOVE - 24350 SL - 24300 TARGETS - 24400,24450,24500 SELL BELOW - 24300 SL - 24350 TARGETS - 24230,24160,24060 NO TRADE ZONE - 24300 to 24350 Previous Day High - 24400 Previous Day Low - 24230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP