AS WE CAN SEE NIFTY 50 IS GIVING ROUNDING BOTTOM BREAKOUT ALTHOUGH WE CANNOT CONFIRM THIS BUT WE CAN SAY THAT CURRENT TREND IS STRONG AND WE CAN SEE UP MOVE ION FUTURE ONLY FOR LEARNING
AS WE CAN SEE NIFTY 50 IS CONTINUING UPTREND BY FORMING HIGHER HIGH AND HIGHER LOWS. TODAY'S CANDLE ALSO SUGGEST CONTINUATION OF UPTREND WHICH SUGGEST WE CAN SEE NIFTY HEADING TOWARDS ITS RESISTANCE OF 11550 - 11600. ONLY FOR EDUCATIONAL PURPOSE.
WE CAN SEE THAT THERE IS STRONG MOVEMENT IN NIFTY 50 AND CLOSE ABOVE THE 11300 LEVEL WHICH WE CAN SAY IS A BREAKOUT AND AFTER THIS WE CAN SEE MOVEMENT TILL NEXT RESISTANCE OR A SMALL CORRECTION AND TESTING OF 11300 LEVEL THAN A RUN-UP TOWARDS 11541. LEARNING ONLY.
AT THE END OF THE DA NIFTY SHOWED STRENGTH AND IN THE MORNING SESSION IT SHOWED WEAKNESS AT THE LAST TWO 15 MIN CANDLE U CAN SEE STRENGTH IN NIFTY BUT THE FUTURE MOVE OF NIFTY IS DECIDED WHEN IT BREAKS ABOVE 11300 DECISIVELY. ONLY FOR EDUCATIONAL PURPOSE.
IF THE CURRENT WEAKNESS IN NIFTY 50 CONTINUES THEN IT CAN HEAD TOWARDS ITS NEXT SUPPORT OF 10900 AND THAT WOULD BE A CRUCIAL LEVEL FOR NIFTY FOR ITS COMING MOVE AND IF NIFTY 50 MOVES UP AFTER THIS CORRECTION THAN IT CAN HEAD TOWARDS 11541 ITS NEAREST RESISTANCE. ONLY FOR EDUCATIONAL PURPOSE.
FROM PAST TWO TO THREE DAYS NIFTY 50 IS CONTINUOUSLY REJECTING THE LEVEL ABOVE 11300 WHICH SHOWS THERE IS GOOD NUMBER OF SHORTER SITTING ABOVE 11300. ONLY FOR EDUCATIONAL PURPOSE.
ON WEAKLY BASIS WE CAN SEE THAT NIFTY IS MOVING IN CHANNEL WHICH SHOWS THE RANGE OF NIFTY 50. ON DAILY BASIS NIFTY OPENED HIGHER BUT IT WAS UNABLE TO SUSTAIN THAT LEVEL AND IT BROKE DOWN TO THE LEVEL OF 11242 AND AT THE END IT MANAGED TO REGAIN SOME OF ITS LEVEL. WEAKNESS IS STILL THERE IN NIFTY 50 CURRENT MOVE. EDUCATION PURPOSE ONLY.
NIFTY HAVE FORMED TWO CONTINUOUS DOJI ON DAILY BASIS WHICH INDICATES INDECISION AND WEAKNESS IN TREND ALTHOUGH IT HAVE CLOSED ABOVE 11300 LEVEL BUT FORMATION OF DOJI SHOWS WEAKNESS IN PRESENT TREND. EDUCATIONAL PURPOSE ONLY.
PRICE IS MOVING IN RANGE AND ANY MOVEMENT ABOVE THIS CAN GIVE A GOOD RUN UP.
NIFTY 50 HAVE TESTED THE 11300 LEVEL AND ANY MOVEMENT ABOVE THIS CAN TAKE IT TO 11500 LEVEL. ONLY FOR EDUCATIONAL PURPOSE.
S1- SUPPORT 1 S2- SUPPORT 2 T1- TARGET 1 T2- TARGET 2 ONLY FOR EDUCATIONAL PURPOSE
ONLY FOR EDUCATIONAL PURPOSE NIFTY FIFTY HAVE SHOWN TWO NEGATIVE CANDLE IN PREVIOUS DAYS WHICH SHOWS WEAKNESS IN TREND SO IT CAN LEAD TO FURTHER WEAKNESS.
only for educational purpose marobozu indicate strong bullishness
Currently Nifty 50 is in uptrend forming higher high and lower low and in RSI its consolidating which shows divergence. Divergence is normally a situation which shows that trend reversal is near. Its only for educational purpose and please consult your advisor before taking position.
NSE:AXISBANK a breakout from the conjestion zone, will take it out of the downtrend channel & put it in the uptrend channel