Elliot Wave Theory claims that Markets form similar patterns of formations on smaller time frames that are visible on higher time frames, (higher/lesser degree). Crowd behaviour which the theorist defined for traders or market participants is predictable in a manner that it ought to cause a definite result after each sequential or circumventing interval. First...
when trend goes reverse how fast you pick and how fast you change your mind that is very important . in this video we post how we change our positions and why
As I discuss yesterday wide range of markets 16800-17500. The market opens way beyond our expected range. whenever this happens I wait. I was tempted to take a trade around 17270 to buy but couldn't execute and missed 50-60 points. however, aftermarket cross 17330, I start looking for sell. so I shot around 17325 with Sl 17350. and exit around 17200. now why...
Analysis based on Demand & Supply. On quarterly TF the demand zone is yet too far but on daily TF its near. Keeping Fingers Crossed.
Retesting of the neck line of head and shoulder pattern in daily time frame. May be a sharp crash is waiting for us. Be cautious. Happy trading. If you like my analysis please like 🤗
DOJI IS FORMED IN WEEKLY CANDLE IN NIFTY AND ITS ALSO CLOSE TO RESISTANCE , WE CAN SEE WEAKNESS IN COMING WEEK. ONLY LEARNING
if nifty break the level of 11550 - 11600 than it can go towards next resistance only learning
NIFTY TODAY CLOSED ABOVE PRE COVID LEVEL AND THIS POINT IS VERY CRUCIAL FOR NIFTY 50 AND IF IT CAN RETAIN THIS THEN IT WOULD BE HEADING TOWARDS THE MARK OF 12000. SO HERE WE NEED TO SEE THAT CAN NIFTY RETAIN THIS ON MONDAY SESSION. LEARNING ONLY
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.
SHOOTING STAR FORMATION IN UPTREND SUGGEST EITHER THIS IS CORRECTION OR HALT IN TREND WE CAN SEE UP MOVE IN FUTURE BECAUSE BEARS WERE UNABLE TO BREAK 11300 SUPPORT BULLS ARE STRONG THERE. EDUCATION PURPOSE ONLY.
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.
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.
NSE:NIFTY today filled an old gap as well faced resistance from its trending channel.
This Suck Auction Zone , often acts as a magnet for the market, till the zone is traded completely. I learned about this zone from this YouTube video. Lets watch the action of NSE:NIFTY from here.
Nifty Analysis at t.me/speakwithcharts