Nifty, SGX NIFTY, GOLD…

As per the channel, two resistance can push the price toward 8515 and 8340 follow by Resistance 8592-8632 Almost all major resistances and supports are plotted on the chart.  If price close above 8620 above, then I will update fresh chart.

8323 targets then, price will not break or close 8622. In case of break & close above 8612, then channel will not continue.

Daily chart for SGX Nifty:

  • During the falling wave, ⁣ 3 times reduction in price has been seen.
  • While using the retracement, 32.2% retraced is at 9249.
  • Price rotation range is between 8838 and, 8188.

Almost many things are till remaining on the chart, although I have plotted the following:

  • Flag pattern
  • Major and minor channel
  • Initiative move
  • Responsive move
  • major and minor support level
  • Waves

Channel support 1559 nearby for GOLD .

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NSE Nifty & HINDUNILVR, Trade Setup

In the last updatation for the nifty, I have written with the channel that “I am not bullish below 8130”. Same day nifty was crossed this level and fired up to 9038. This morning I have created NIFTY and HINDUNILVR.

The mainly four Fib. Retracement are applied in different years.

  • Confluence zone at 9647.
  • 38.2 retracement level is at 9395
  • previous resistance and 61.8% retracement level at 9067.

The question is how to understand and use these levels?

Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors. I would like to add GAP theory on with retracement in another chart.

Control price attraction is the easy target 2083 nearby for short-sellers.

Best short-selling points

  • First @2221
  • Second @2255

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CLOSE VIEW:

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Alert! Nifty Won’t Bullish Still

For Subscribers, in last this month almost more than 1700 points profit has been taken by us over the Nifty future trades. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Intraday Resistance at 8047

8130 nearby strong resistance at value high.
If U-turn exist with new low, target will be 7330 nearby and targets of control price is at 7107.

As far as crossing the level 8330, I won’t speak about bullish.

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Double Top Reversal Pattern Plotted On BANKNIFTY

After the long time, we are updating free report here.

Daily TimeFrame:
Pattern name, Double top

  • The prior trend was an uptrend.
  • 2nd peak has less than 3% penetration compare to 1st peak which is valid for the pattern.
  • Gap has seen in second peak.
  • Neck Line is clear at 26576.
  • A trough is rounded as per Double Top required.
  • a decline in the second peak with accelerated descent
  • Currently existed support at 28458 (resistance turned support).

After breaking 28458, we can see next level 27466 which is a retracement of 0.618.

All major supports and resistances are plotted on the chart from 2012 to 2020 with the strong and tight channel.

Here are two channels being seen in a large channel drawing a small channel inside a chart. A small channel having support which is sign for reversal at the support 28147(Resistance can be current support).

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Do you want to short the stock which has a very near time to U-Turn?

After the long time, we are going update here FREE research on HCLTECH.

HCL TECHNOLOGIES which is trading at a place where it has very little risk to short this stock. The FEB. and Mar. The future for choosing to short is not a bad idea.

The mentioned in a chart about equity levels will help to decide where for booking profit.

You can also DOUBLE/ TRIPLE your money in OPTION TRADE for this stock if you act as right level.

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Researched for U-Turn for nifty

If you trade is at correct level and time, it’s easy to get 3 to 5 times earning by using option trade as per below spot nifty chart.

Researched for U-Turn for nifty

  • Intraday Resistance 12349
  • 2nd channel Resistance 12386
  • Last and final main channel Resistance 12448

We have plotted GAP, channel layers (0) to (3), Initiated move and responsive move on the spot nifty chart.

As per channel layers, traders can make 3x to 5x money from trade setup by using Option Trade (PUT).

We are going to create trade setup for subscribers.

Weekly chart view: https://moneymunch.com/research-on-nifty-for-knowing-the-direction/

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