NIFTY day chart analysis - Channel and 200 day SMA

8 thg 5, 2019

200 day SMA and channel bottom support coinciding as shown.
A crucial level hence a bounce or break could be highly decisive in determining the direction of NIFTY in days to come.

For now we are on wait and watch mode.

14 thg 5, 2019

Ghi chú

.
Moving towards the channel bottom as plotted.
Lets wait and watch to see what happens here before we take any position.

15 thg 5, 2019

Ghi chú

Moving as plotted

17 thg 5, 2019

Ghi chú

So far Nifty moved exactly as per our previous analysis. Finding support at the channel bottom. The bounce could be a temporary one and it could come and re-test the channel bottom again.
Currently on wait and watch mode.

22 thg 5, 2019

Giao dịch đang hoạt động

.
NIFTY is still trading within the channel.

11050-10950 is going to be a crucial support. IF this support is broken then there could be a huge sell off towards 10450-10030

STAY AWAY FROM TRADING for next couple of days!

22 thg 5, 2019

Ghi chú

"Trading active" selected by mistake. Please ignore

23 thg 5, 2019

Ghi chú

.
Channel top going to offer string resistance. Watch out!

23 thg 5, 2019

Ghi chú

.
Channel top going to offer strong resistance. Watch out!
Retail traders enjoy the show by not trading for couple of days :)

23 thg 5, 2019

Ghi chú

.
Nifty facing strong resistance exactly at the channel top as mentioned above!

4 thg 6, 2019

Ghi chú

Facing strong resistance t the channel top.

11 thg 7, 2019

Ghi chú

.
Latest update