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!
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Nifty Prediction & Analysis [12 Aug 2021]Nifty50 Prediction and Analysis For Tomorrow
Nifty50 Spot Levels to watch out for trading on 12th Aug 2021
Long Opportunity:
1. Price breaks out of 16295 and retests the level again is a good support to go long
Short Opportunity:
1. If Nifty Opens with a flat note then wait for the upward trendline to break near 16280 and show rejection.
Once broken and the candlestick shows rejection near 16280 levels, then that area will be a good shorting zone.
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NIFTY FOR TOMMOROW - 21 June 2021Nifty traded in a wide range of approx 300 points today.
Candle formed today is a Big range hammer candle.
Candles Structure is of lower low, lower high.
Gap resistance above hammer candle
Price support underneath hammer candle.
All above observations are somehow suggesting that the index might oscillate in a big range in the coming week, it might see selling at the upper range and buying at the lower end of the range.
Honestly, the trend is not at all clear in the index and it might witness wild fluctuation or could form a kind of complex price action, so I'll be avoiding trading in nifty, up till I see some clear price action developemnt.
NIFTY 50 Levels for Feb 1 2021 to Feb 5 2021Nifty is retracing downside after the strong uptrend and here are the possible levels for Nifty 50 to trade around this week.
The analysis is based on support and resistance and trendlines as per my knowledge and I do not recommend trading on the basis of this view. NSE:NIFTY
#NIFTY .... A Story in one hour boxesIndia's main index, NIFTY 50, hasn't broken down though these one hour boxes, on a closing basis, since the massive selling on December 21, 2020.
A case for long NIFTY continues till the boxes keep getting marked up.
It can't be gainsaid that this is a market, in which one should move with Stop losses on a progressive basis.