Wealthcam

Wealthcam

As we can see NIFTY is now trading at important resistance which previously acted as a Support. Hence as long as we are below the structure, every rise can be sold but if it closes above the structure then we may see another 5-10 percent upmove in coming trading sessions so plan your trades accordingly.

Wealthcam

As we can see NIFTY rallied over 1.5 percent despite hitting our demand zone which could be a temporary rally till 22500-22600 level which acted as a strong support, but now can act as a STRONG resistance hence as long as we can below 22600, 22600’s high can be sold for following demand zones so plan your trades accordingly.

Wealthcam

As we can see NIFTY despite its weakness recovered strongly but hasn’t reached our demand zone yet hence this recovery could be temporary. Hence as long as Strong demand zone is not achieved and signs of reversal is not seen no change in trend can be expected so plan your trades accordingly and keep watching

Wealthcam

Following the global cues we can expect NIFTY to open very weak which could be followed by further weakness but the demand zone seems to be eminent hence can lead to volatility so no new longs should be made positional unless signs of REVERSAL is seen so plan your trades accordingly.

Wealthcam

NIFTY did close its weekly candle in red against our expectation. Now watching the structure, next eminent support can be seen around 21800. Hence till we are above 21800, we can again start adding our new longs keeping SL below 21500 on CBSL so plan your trades accordingly and keep watching.

Wealthcam

As we can see NIFTY has formed more like an inverted flag-pole structure which signified bearish continuation but since it is trading around strong demand zone, it can potentially give false breakdown resulting in a TRAP and this trap could potentially change the overall structure of the market and can close inside the pattern hence we should wait for closing...

Wealthcam

As we can see NIFTY despite trying is not able to close itself inside the structure which indicates lurking weakness in coming sessions but intuition says we may see NIFTY’s weekly candle could probably close inside the structure leading to the end of bear trend and change of trend so plan your trades accordingly .

Wealthcam

As we can see NIFTY closed below the trendline. Despite the weak closing on daily basis, we can expect NIFTY to recover strongly on weekly candle which could be inside the trendline and structure. It could be a mere trap or liquidity grab or to attain the psychological level hence all signs direct towards potential REVERSAL in the market so plan your greater...

Wealthcam

As we can see NIFTY despite its weakness has not reached our demand zone and our psychological level of 22500 hence these is more room for fall till signs of REVERSAL is seen around these zones and trendline support for a new trend so plan your trades accordingly and keep watching.

Wealthcam

As we can see NIFTY has not closed itself above 23000 levels due to which fear of weakness is still lurking as it has formed more like an inverted flag pole pattern and any break of 22800 level can lead to 22500 levels in NIFTY which is its next demand zone so plan your trades accordingly and keep watching these important levels.

Wealthcam

As we can see despite the strength NIFTY failed to sustain ahlhe psychological levels of 23000 level and the trendline resistance showing weakness hence as long as it’s below the trendline it could remain negative to volatile so plan your trades accordingly and keep watching

Wealthcam

As we can see NIFTY is showing signs of REVERSAL by forming multiple indecision candles around the trendline which is overpowered by the buyer but the demand zone is yet to be reached hence we can expect more of volatility and weakness before finally changing the trend so plan your trades accordingly l.

Wealthcam

As we can see NIFTY is forming more like a falling wedge pattern in bigger time frame which could result major change in trend when the break of structure is seen but we can see NIFTY has not fully formed falling wedge pattern and hence giving more room for fall so unless the structure is completely formed, every rise can be sold till confirmation is found so plan...

Wealthcam

As we can see NIFTY has room for another 300-400 points downfall before finally reaching a support and important demand zone followed by a psychological levels of 22500 wherein a reversal can be expected so plan your trades accordingly.

Wealthcam

As we can see NIFTY thought opened strong and rallied in the first half, it closed falling making an inverted hammer. As long as NIFTY manages to to Sustain itself above the given trendline every dip can be bought for a huge breakout as NIFTY can be seen forming FALLING WEDGE pattern in long run which could result in huge breakout in coming months which could also...

Wealthcam

Despite the strong weakness, NIFTY managed to strong and closed almost in green showing the strength of demand zone! This could be another opportunity to add for portfolio so plan your trades accordingly.

Wealthcam

As we can see NIFTY is now trading at important demand zone and psychological levels of 23000 and this level had been a confluence of multiple trendline supports hence we can again expect a REVERSAL from this zone for a new swing so keep watching and plan your trades accordingly.

Wealthcam

As we can see despite the favourable result of winning the centre by ruling party, NIFTY failed to show its strength and fell unidirectionally as analysed in our previous post that if manages to remain below the trendline, we should be cautious. Now NIFTY can be seen re-testing the breakout structure and hence possible bullishness can be witnessed which could be...