Parallel Channel and use of it over the NIFTY

We found that a price is frequent spending more and more time between “Upper-Band” & “Gravitation line”. In other words, a price staying much of time between “Upper-Band” & “Gravitation line”.
Look at the upper-bank has 6 touches.
We are seeing no activities between the lower band and control price. That’s why we concluded that if price breakdown, gravitation line will be confirmation of fall. Yes, you can take profit from this type of trend by using buy at control price and sell at the upper band.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Short term view in NIFTY50 for INTRADAY

Intraday support 14112, Resistance 14219
INTRADAY traders can short their position for the target of 14118 nearby.

If there will be breakout and price will cross the main resistance level that is 14219 then nifty will be still much bullish as indicators are indicating.

TECHNICAL INDICATORS

Moving Averages – Bullish

Technical Indicator – Bullish

Moving Averages Crossovers – Bullish

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Technical analysis of NIFTY For Dec 31, 2020

Nifty has come to all time high and breaking every time high everyone is talking about the fall in nifty but bulls pull it more strongly to next higher level. Technically the nifty will move still higher level and do price rotation then fall can be expected. The important level to look at is 14094 and the support level is 13668 remember the falling strength is more stronger then the rising strength.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

The Bat Pattern on the NIFTY

The “Bat pattern” incorporates the 0.886XA retracement, as the defining element in the Potential Reversal.
The B point retracement a 0.50 of the XA leg. The Bat utilizes a minimum 1.618BC projection, which is already done.
In addition, Bat pattern is extended to a 1.618 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

By keeping stop-loss as 13747 sell NIFTY,  TARGET can be 13536 2nd targets 13403  or still down.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Continue reading

Negative Sign at Longer TF for NIFTY

The price is trading the upper band of the channel which is resistance but nifty can create penetration(excess2) because of excess1 at lower band.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Simple TimeCycle and Parallel Channel, NIFTY

nifty-timecycle

There is still not worry about long positional trader until the price would not fall below 13397 and Support 13000. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading