NIFTY looks ready to move As we can see NIFTY had been following the structure since last week now and has been more like sideways ever since. Finally after a series of channelised consolidation, we can expect a break anytime sooner in NIFTY with directional move so we can make any new position on either side break so plan your trades accordingly.
Multiple Time Frame Analysis
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 RISK REWARD
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat i
BITCOIN SETUP TRADE WIH 1:4 RISK REWARDBITCOIN SETUP TRADE WIH 1:4 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:4 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline h
Nifty Expectation for Tuesday, June 18th 2024Nifty Analysis:
Previous OI PCR: 1.3
General Trend:
Nifty has spent 5 months near the middle of the channel on the monthly chart and is now looking to break out.
On the daily chart, since June 10, Nifty has been trading within a narrow 300-point range.
From June 5th to 14th, no candle on the daily chart has closed below the previous day’s low.
Over the past 4 days, the daily chart shows buyers gradually pushing the close higher each day. Despite this, Nifty hasn't managed a strong breakout
NIFTY SELL TRADE There are chances that nifty can give the great sell trade
*Reasons for trade
1) price over buyed
2) There is rsi divergence on 1 hr timeframe
3) moving inside a channel pattern
4) price is going up but volume is contiously decresing
# make sure you set your own stoposs
#one can take trade ones market start breaking download
*Discaimler*
"Dont trade just on my idea do your own anaylis then decide you wanna take or not dont just
NIFTY yet to decide the trend! As we can see despite various attempts and strong openings, NIFTY ends up closing in red facing resistance from the structure hence we can expect NIFTY being sideways to negative till it is below the structure. On the other hand, we can see NIFTY forming more like flag-pole pattern which is a trend continuation pattern hence we may expect a strong unidirectional upmove if structure is broken above and sustained so plan your trades accordingly.
CONSOLIDATION in the form of REJECTION..?As we can see NIFTY has been getting rejection from the structure since last few days now but hasn’t broken any lows as such of the consolidation hence as long as NIFTY maintains below the structure, we can expect sideways to negative market unless it breaks either side for a unidirectional move so plan your trades accordingly.
NIFTY from a different perspectiveNifty is moving in a curve and taking supports at the bottom multiple times. currently consolidating in a range.
Also Nifty has tried moving out of the consolidation range but there is no significant movement as of now. if this pattern breaks then there can be some pain.
JSWSTEEL - Not a good buy at current levels!The stock is trading around the upper channel. The space on the upside looking limited and RR is not favourable at the current levels.
Weekly TF view:
Price Observations:
1. Even after breakout & restest of major 800 previous ATH levels the moves is slow and choppy.
2. Volumes are dry.
3. Buyers are weak.
Now, possible 2 Scenarios here:
1. WAIT FOR THE BREAKOUT OF THE CHANNEL AND ENTER WITH CONFIRMATION WITH SMALL SL.
2. WAIT FOR A RETTRECEMENT TO ENTER AT SUPPORT LEVELS.
- I WOULD WAI
NIFTY taking halt before the big move As we can see NIFTY can be seen taking a halt as we had analysed in our 2 days back post that the market tends to take a halt when a big move is made to confirm the further continuation of upmove or correction. Hence we can expect NIFTY to remain sideways before finally moving big. Any closing above the structure could result in massive strong trend so plan your trades accordingly.
REJECTION Started..?We can again see the pressure from higher levels as we had been analysing in our last posts that it is trading at MAKE or BREAK level. Hence as long as the NIFTY doesn’t the break the structure, it is likely to remain sideways to negative unless a strong breakout that could lead to another new ATH so plan your trades accordingly guys.















