Wipro Moving in a broadening Triangle.Wipro Moving in a broadening Triangle, waiting for breakout or resistance.
Nifty50
Nifty analysis as on 2023.05.23NSE:NIFTY
Possibility 1 (Blue color waves): Nifty is currently in Flat correction ABC. Ongoing phase is wave B, which should end around 18458 and then Wave C should start which takes Nifty back to the level of end of Wave A 18060.
Also, it may happen that wave B extends beyond 18458 till 18570-18610 as part of expanded flat correction type ABC.
Possibility 2 (Orange color waves): Nifty is currently into impulse waves 12345. Ongoing wave is wave 3, which should end around 18650.
In any case, the immediate key level for Nifty is 18460. Daily close above it can take it to 18570-18610 level.
Good end to the day but lot of resistances to conquer The end of the day was good for Nifty as the Nifty bounced from the support given earlier which was at 18206. (Nifty went just below it 18202 Low of the day and bounced back substantially to end at 18321).
The major resistances to conquer remain: 18324, 18382 and 18455.
Supports on the lower side remain at: 18202, 18190 and the zone between 18075 and 18068. (Below 18068 Bears will become very active).
Nifty Not sustaining above mid channel support not a good omenNifty Not sustaining above mid channel support not a good omen for the Bull run. Somehow Nifty has to make a comeback in next 2 or maximum 3 days and sustain above Mid channel line which is around 18413 mark.
Right now Nifty als faced a trend line resistance which emancipates from previous top. The zone was too hot for Nifty to handle and it leaped back towards the support of 18323.
Supports for Nifty Will be at: 18323, 18275, 18206 and finally 18068 to 18040 zone. (Major buffer Support). Below 18K Bears start to loose control.
Resistances for Nifty: 18413, 18455, 18525 and finally 18601 (Major Resistance).
NIFTY ANALYSIS - 23/05/2023BUY ABOVE - 18340
SL - 18285
TARGETS - 18380,18460,18530
SELL BELOW - 18260
SL - 18290
TARGETS - 18200,18100,18050
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
FINNIFTY EXPIRY 23RD MAYNifty fin had formed a 100 points range from 19400 to 19300.
The sustained breakout on the either side can give a 100 to 150 points momentum.
But as market is in bullish zone, we will try to go 100% on the buying side and 25-30% on the selling side.
market has created a very narrow range inside the blue trendlines.
breakout is expected on the upside.
Have a big green day!!!! tomm
#finnifty #longside #breakout
NIFTY Facing Mid-Channel Resistance. Nifty is currently facing mid-channel resistance drawn on hourly candles chart. Taking support at the channel bottom Nifty rose today but was stopped by the mid channel line.
Supports for Nifty remain at: 18267, 18240, 18206 and finally 18119. Below 18119 the major support will be 200 hours EMA at 18018.
Resistances for Nifty will be at: 18341, 18389 and finally 18450 which will be a major resistance. Above 18450 the channel towards 18600 opens up.
Nifty50 Day End analysis: 2023.05.19NSE:NIFTY possible view in coming week 22.05.2023 - 26.05.2023.
Looks like today Nifty has completed (ii) of c.
Also, RSI above 50 on hourly chart at the end of day resolves the previous RSI positive divergence on hourly chart.
The view stays invalid if price moves above 18297 (top of wave b) before reaching end of wave c.
NIFTY ANALYSIS - 22/05/2023BUY ABOVE - 18200
SL - 18170
TARGETS - 18250,18290,18340
SELL BELOW - 18170
SL - 18200
TARGETS - 18100,18050,17960
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Soft Landing of Nifty after Karnataka Election Results. Nifty made a soft landing after Karnataka Election results. Despite Global markets performing well Nifty had a subdued week. After starting the week well, the rally simply could not sustain the upper levels and continued to slide.
Bollinger Band and Daily chart technical analysis shows Friday low of 18060 and 18107.5 as strong support for Spot Nifty. Below these levels if 18060 broken Nifty can slide further to 17873 and 17636. The zone between 17636 and 17675 is strong support buffer zone. Resistance on the upper side will be at 18293, 18458 and 18539.
Falcon Wave Count ABCDE on #SGXNIFTY Daily Chart Falcon Waves ABCDE pattern on SGXNIFTY
Plan your #Nifty50 trade with me on Trading View
Looks like we are going down in wave B and then will go up in wave c followed by wave D and consolidation E wave
Nifty50 Analysis: 2023.05.19Medium term view (no short term):
- It looks like Nifty50 is forming a leading diagonal as part of wave a (yellow line).
- Currently it may be into wave iv of wave a.
- For this set up to be true, Nifty must reach around 18200 to mark the end of wave iv and from there retrace to form wave v of wave a. The entire wave a should complete around 18000.
- After completion of wave a, Nifty should touch around 18180 - 18230 to complete Wave b.
- After completion of Wave b, it should all fall down to the level of 17850-17800, which is also 38.2% retracement of entire impulse since previous bottom of 16828.
Power of Technical analysis explained in the chartPower of Technical analysis. So far, bottom of the channel is respected. Nifty took support at the bottom of the channel and is trying to bounce back. If we end in Green today and a little positive say above 18230 the rally will continue next week...Even if we get a closing above 18230 on Monday still it will be fine.
Nifty50 Day start analysis: 2023.05.18Nifty50 has completed Wave b and is not into beginning of Wave c.
The possibilities of end of wave c marked on the chart.
SL set shall be top of wave b.
Nifty took support near 18115 and is trying to bounce from thereNifty took support near 18115 and is trying to bounce from there on the way up 18235 to 18270 zone which wich was a great support will prove to be a strong resistance. If that hurdle is crossed Nifty can travel back to 18308, 18346 and 18384 or even 18400+ staging a V-shaped recovery. Before that happens it is important to cross 18235 to 18270 zone.
Supports at the lower side will be near today's low that is 18115, 18040 and finally 17972. Weekly closing below 17972 will bring smile on the face of bears. In case that happens.
NIFTY ANALYSIS - 19/05/2023BUY ABOVE - 18200
SL - 18130
TARGETS - 18250,18290,18350
SELL BELOW - 18100
SL - 18170
TARGETS - 18050,17960,17850
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Nifty50 Day end analysis: 2023.05.17Elliott Wave Analysis for Nifty50
Nifty 50 has probably completed Wave a today for ABC corrective pattern today and is midway into Wave B.
View for 2023.05.18 is bullish for first half and bearish for second half.
Nifty 50 Sell MoveThe NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. NSE:NIFTY
Nifty (Short):Nifty (Short):
We are headed for a correction in the short term.
Note: Do your own due diligence before taking any action.
Nifty preceisely stopped at the indicated resistances yesterday.What was depicted yesterday was very similar to what happened. Channel top proved to be a tough resistance to conquer and Nifty today rested just above mid channel line at18286.50 We had very accurately indicated the support at 18284. This is as precise as you can get with Technicals😌😊.
Now What?
We have this support or the next support at 18267. If 18267 is taken down we can further fall to 18190 or 18140. (Next support levels.).
You can also see in the previous and current chart that invariably Mid channel line has proven to be support and NIFTY has bounced from here 4 times previously. So Let us hope we get a support from mid channel line and we can bounce from here. If we bounce from here next resistance will be 18340 and 18384. Interesting day tomorrow to see in which direction the NIFTY goes.
Nifty Flowing confidently in the 30 minute channel. Nifty on a 30-minute chart is looking very confident of staying in the upper half of the channel in which it is travelling. On last 3 occasions Nifty has jumped upon reaching the mid channel support of the mid channel line. Indicating that strength of the rally is intact so far.
However, on the last 4 occasions when Nifty tried to cross the Channel top it was made to retreat indicating a strong channel top resistance.
Nifty Resistances going further will be: 18455 and 18500.
Nifty Supports going further will be at: 18384, 18284, 18267 (Very Strong Support).
Nifty50 some nice moves lately NSE:NIFTY
The fab 50
Who trades this asset? you have some nice trend trades.....
Nifty Short Term Outlook NIFTY is approximately 3% away from the top. Question on minds of most investors is: When will Nifty make a new high by crossing this Crossing this 3% hurdle. Crossing this 3% hurdle will not be easy in my opinion, unless all FII, DII and Retail investors participate in the ongoing rally. Rally has hit the resistance zone now.
It was a good week but going ahead Nifty will have to conquer 4 major resistances. These 4 Resistances are at 18393, 18474, 18609 and 18715. In case these resistances are not crossed there are chances of rally to fizzle out with supports at 18185 and 18053. 18053 is a major support.
Below 18053 bears will start calling shots. If we get a weekly closing below 18053 the next support zone will be between 17793 and 17529 (Final Major support). Below 17529 bears will be in full control again.
