surya roshni big move comingsurya roshni big move coming.
short term target approx 1800.
long term approx 3500-4500 in max 2 year.
Niftyview
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.
The Question is When will Nifty Hit the All Time High? Nifty staged dramatic recovery in the afternoon today and covered shorts shocking the bears who were thinking of staging a comeback. Nifty hourly candle took support at 18660 and staged a mighty comeback of about 156 points to end the day at 18816 which is just below the resistance zone of 18842 and 18865. Final resistance will be 18887.6 which the the all time high of Nifty. Supports for Nifty are near 18790, 18752 and a strong support of 18726 followed by supports at 18660 and 18500. So the answer to the question The Question is 'When will Nifty Hit the All Time High?' is very soon. It can be later this week it can be tomorrow.
Nifty daily analysis- if nifty breaks yesterday's high in morning without consolidation than buy in 1/10 qty.
- if breakout on upper side happens after consolidation then we can buy.
- on lower side if market opens big gap down and consolidate around 18740 then give breakout then we can sell.
Nifty Levels for 20th June2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
NIFTY--Will Break ATH or Reversal??Observations::
In Higher time frames nifty is still in Uptrend...so we are also be with the trend.
The previous resistance 18650-18670 level, price exactly closed in this zone.
if this zone acts as support, price will rise again.
Nifty daily analysisIf market opens sideways and slight gapup then chances of market going up is high.
we can buy at breakout of previous day high
if market opens big gapdown and started going down then only we can try for selling
Nifty Trend in the month of June 1. On the Daily chart since March, there has been an ascending channel trend in the nifty.
2. On the 4HR chart, Ascending Broadening Wedge
3. Now the Market has reached the ATH trajectory, there is a consolidation happening in the form of a parallel channel, this sort of price action depicts indecision behavior.
this is expected at an All-time High level.
The next 10 days will unfold more clarity on chart pattern & sentiment.
In conclusion, a Large timeframe shows bullish sentiment & shorter there is indecision.
Nifty in touching distance of All Time HighNifty is within touching distance of all time high. The final resistance zone is between 18865 and 18887.6. It is a difficult but conquerable resistance zone. Supports on the lower side are near 18700, 18639, 18555 and finally 18461. Below 18461 closing the channel will be broken and the trend can become weak.
Nifty My-Levels for 19th June 2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
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.
NIFTY 50 BEARISH MOMENTUM CONTINUESNIFTY 50 made a bearish reversal yesterday from 18790 area after taking liquidity grab from daily and weekly resistance of 18780. I have been predicting this trend reversal from last two days and yesterday we successfully hit our first profit target around 18721 which we documented (link below).
This idea is a continuation of our previous predictions and we are still bearish for NIFTY 50. The current bull run from 18670 to 18780 seems to me as market manipulation by big players to hunt more volumes. so those who were still bearish trade with us from yesterday can add more lots at current price if they wish at current price of 18780 with below possible take profits and stop loss area
TP 1 : 18635
TP 2 : 18556
SL : 18811
use proper money management and this analysis is for educational purpose only and not a financial advise.
Nifty My-Levels for 16th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
nifty possible go down side from tomorrowAs we can see on the chart, the nifty has taken a lot of supports on one trendline and is almost about to break, and as we can see in today's market, bullish people entered and took the market as low as possible, so if they maintain this downside trend, the market will fall starting tomorrow(16/6).
NIFTY : Levels for 14th JunNIFTY levels
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal view only.
NIFTY Analysis??observations::
Price closed @ Supply zone.
previously A strong fall is observed from this place...
In this zone price is again showing consolidation and moved up.
If it is a Accumalation + Manipulation = Only Dstribution is left.
if tomorrow price falls below the demand zone, then will go for sell on retracement to below levels.
Is it 15th today? Again?2 months duration a cycle extends to usually, 15th is the time when momentum shifts and 5th day is the day velocity stops and moves backwards. By this theory today's ignition will take Nifty back to 18500 but do not forget the rally to the 19000 levels is yet to come and would be dreadful for bears.
NIFTY 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity
Sell around 18727
STOP LOSS: 18803
TAKE PROFIT 1: 18559
TAKE PROFIT 2: 18383
use proper money management and this analysis is for educational purpose only and not a financial advise.
nifty possible go down side from tomorrowI did an analysis on the 5 minute chart frame and its falg and road pattern, and nifty also gave a retest, therefore according to my analysis, nifty will open gap down on June 15th.
The information and publication are not meant to be,and do not constitute,finacial,investment,trading, or other types of advice or recommendations supplied or endorsed by tradingview.
Cup & Handle BreakoutDespite the market performing sluggish and out of sync with other indexes viz Nifty, Bank Nifty & Fin Nifty, this classical Cup & Handle pattern formed which subtly broke out giving an upmove for the trend continuation. Patterns are your best bet when nothing else gives confirmation!
Nifty My-Levels for 14th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Nifty My-Levels for 13th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Go long Go Blue. It might be a gap up/down morning tomorrow, but all we traders need to think is should we ignore the reversal pattern that erases bearish momentum at each interval since past 3 months, yeah because this will be the choice in front of you to decide whether we support the narrow lane of downside or enjoy the swift train which has stations above 19000 levels.
