The idea is about NIFTY.
Mentioned below are the points considered
Points as per TA on a Daily & hourly Chart:
1. Anti Crab Harmonic Pattern Completed on 1H chart & Target 1 achieved at the time of publishing as per below :
2. Breakout above 18330 will result in change of character COC (Wyckoff theory) on 1H chart Highlighted in Black as per below :
3. Ichimoku Cloud on Weekly is bullish (Chikou Span is above the price) & currently consolidating as per below:
4. Ichimoku Cloud on daily is bullish (Chikou Span is above the price) as per below:
5. Ichimoku Cloud on 1H is Bearish (Chikou Span is below the price) as per below:
6. Weekly chart has broken out of falling expanding Wedge as per below:
7. Weekly chart has broken out of cup & handle pattern & retest completed as per below:
8. Multiple divergences observed on weekly chart 7th Nov as per below:
9. MACD & RSI divergence observed on daily chart till 16th Nov as per below:
10. Open Interest data shows 180 k Call options @ 18300 which will act as resistance & 101 k put options @ 18200 which will act as support at the time of publishing.
11. RSI weekly @ 62.22, daily @ 60.07 and 1H @ 53.45 at the time of publishing.
12. MACD on weekly & hourly is above signal line and on daily chart below signal line.
13. Hull Moving Average is a Buy Signal on Weekly, Sell on daily & Buy on Hourly chart .
14. Since tomorrow will be the last day for the weekly options expiry & monthly futures expiry huge movements can be expected on 2nd half of trading today & tomorrow.
Projected target, as per Anti crab Pattern on on 1H provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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Cheers.
Mentioned below are the points considered
Points as per TA on a Daily & hourly Chart:
1. Anti Crab Harmonic Pattern Completed on 1H chart & Target 1 achieved at the time of publishing as per below :
2. Breakout above 18330 will result in change of character COC (Wyckoff theory) on 1H chart Highlighted in Black as per below :
3. Ichimoku Cloud on Weekly is bullish (Chikou Span is above the price) & currently consolidating as per below:
4. Ichimoku Cloud on daily is bullish (Chikou Span is above the price) as per below:
5. Ichimoku Cloud on 1H is Bearish (Chikou Span is below the price) as per below:
6. Weekly chart has broken out of falling expanding Wedge as per below:
7. Weekly chart has broken out of cup & handle pattern & retest completed as per below:
8. Multiple divergences observed on weekly chart 7th Nov as per below:
9. MACD & RSI divergence observed on daily chart till 16th Nov as per below:
10. Open Interest data shows 180 k Call options @ 18300 which will act as resistance & 101 k put options @ 18200 which will act as support at the time of publishing.
11. RSI weekly @ 62.22, daily @ 60.07 and 1H @ 53.45 at the time of publishing.
12. MACD on weekly & hourly is above signal line and on daily chart below signal line.
13. Hull Moving Average is a Buy Signal on Weekly, Sell on daily & Buy on Hourly chart .
14. Since tomorrow will be the last day for the weekly options expiry & monthly futures expiry huge movements can be expected on 2nd half of trading today & tomorrow.
Projected target, as per Anti crab Pattern on on 1H provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
Trade closed: target reached:
All Targets achieved.
Target 1 & 2 completed