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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.
NSE:NIFTYShort
by tuahawaqar
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.
NSE:NIFTYShort
by tuahawaqar
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.
NSE:NIFTYShort
by tuahawaqar
Nifty Closed above imp resistance, holding above it important. Yesterday we had given 18721 as an important resistance for Spot nifty. Today it has closed just above it which is a good sign. It was not a strong close but it was a good close. Key Resistances now are 18778, 18824 and previous All time high of 18887.6. Supports for the Nifty will be at 18721 it is a weak support as of now. 18683, 18639 and 18572. Relative Strength Index of Nifty is above 73 and the chart is going in the area again where Nifty will soon if not tomorrow require a little bit of consolidation or cooling down.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Trade Setup (7-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Nifty moving in triangle pattern from Daily Time Frame and from past 3 days price action was range bound and consolidating between 150 points from past 3 days. For tomorrow setup: 1.) If opens flat will buy only after break and retest of this triangle pattern. For target of near by Resistance 18700, 18720. 2.) If open gap up or down then will wait for price action and good setup to form as its range bound from past 3 days. will not trade if there is no good setup as it is from past 3 days. Support is placed at 18590,18560 and 18500 Resistance is place at 18665, 18640.
NSE:NIFTY
by TradeInsights