iCharts Discussions

[Sahil_investor]

BN an Ending Diagonal on Day and a Wedgee on Hour.

Day:
5/12/26:11383,11376,11302
50/200:11160,11175
Tl:11271,12348
Above 11514:11771(gap),11753,11812,12226
Below 11409:11219,11040,10631

Week:
5/12/26ema:11330,11099,11011

[Sahil_investor]

NS overbought on Day and Hour(With -ve div.) is inching towards resistances.

Week:
lower TL:6172
upper TL:6374,6442
5/12/26:6238,6148,6030

Day:
Upper TL:6432
Lower TL:6160
5/12/26:6277,6248,6212
50sma:6183
Above6325:6343,6415
Below6289:6252,6229,6212,6142,6134

[Sahil_investor]

NS Plan for the day

Prices are now in overbought zone in day as well as in hour. On Hour a -ve divergence is visible on macd but it still needs a trigger to confirm that divergence.
Prices are well above HEMA's on all t/f except the hour. Hence keeping above 6302(D.HEMA)-6299(Wk.pivot) new highs possible.
A move below 6299 suggests weakness and hence a buy on dip prevails unless price keeps above DEMA(6277).. Moving below 6277 will confirm weakness.

Resistance: Above 6309(D.pivot), 6343(Day num.), 6374(TL), 6415(Day num.), 6432-6442(TL)
Fib: Retrace from 6415-6130 gives 6331, 6358 as 70.7 and 80%
P. resistance: 6329, 6339, 6345, 6355, 6365(also WR2), 6405.

Support: Below 6309(D.pivot), 6302(DHEMA and WHEMA), 6299(Wk.pivot), 6293(21hr.sma), 6283(34hr.sma), 6277(DEMA), 6251-31(DLEMA-20),6248(12DEMA)
Fib: Retrace from 6259-6325(current high, if new high needs to be adjusted acc.) gives 6292-6284( 50-61.8%) any fall should take a bounce here. Move below 34hr.sma and 61.8% the last defense for bulls is the DEMA.
P.support: 6294, 6274(also WS1),6234

[Sahil_investor]

BN Plan for the day

Price is unable to go past Day and Week's HEMA since the fall from 12226, and in last trading session price closed below H.HEMA. This, represents the strong resistance present at the above levels.
Hence a move above 11464-11514(DHEMA+50 zone) can be seen as a booster.

The next resistance zone will start from 11592(MHEMA) as 2 trading days are left for End of Month.
Resisting the DHEMA+50 zone , price may fall towards 11383(Dema)-11364(current 34hr.sma).
A move below 34hr.sma shows weakness towards 11330(WEMA) initially and if support breached short term weakness towards 11307(DLEMA).

Resistance:Above 11461(D.pivot), 11464-11514(DHEMA+50 zone), 11593(WHEMA also MHEMA)
Fib: 12226-11040 gives 11491, 11633, 11773 as 38.2, 50 and 61.8%
P.resistance: 11513, 11563, 11566, 11618, 11667

Support: Below 11461(D.pivot),11411(Wk.pivot), 11383(DEMA), 11364(34hr.sma),11330(Wk.ema), 11307(Wk.LEMA)
Fib:11346-11514 gives 11430-11410, weakness below it and if crosses 11380(80%) weakness confirms.
Below 11380 a larger retrace from 11040 will be applicable.
P.Support:11408, 11356, 11307

[Sahil_investor]

update at 09.39:
NS:
If breaches 6291 weakness, weakness gets confirmed only below 6259.

BN:
61.8% comes at 11425 means weakness, aggresive traders will look for an opp. here
Breach of 11364(34hr.sma) will signal ST weakness.

update at 11.32:
BN breaches 34hr.sma (11380) and DEMA.
11040-11514 gives 11374(61.8%), breach of this weakness..
and will qualify for retrace 11040-11514 giving 11277 and 11221 as 50-61.8%

update at 11.54:
BN: If weakness is to return it should be around11409-11419. strength only above 11434(80%)
Sl for any shorts should be fixed, 50 pts.

update at 02.06:
BN: Only a move above D.pivot (also corresponds to 50% retrace from 11552-11366) represents strength.. Above 11515(80%) confirmation.

at2.12:
NS:Only a move above 6311-6316 strength. A breach below 6284(Dev.DEMA) means weakness.

update at 03.08
NS: Dev.DEMA at 6278. and last pivot at 6300- Critical to watch.
BN: Dev.DEMA-11381

[Sahil_investor]

NS makes the day high of 6344,beaks the hour channel and is below its HighEMA.

Week:
lower TL:6172
upper TL:6374,6442
5/12/26:6238,6148,6030

Day:
Lower TL:6167
5/12/26:6282,6255,6219
50sma:6188
Above6344:6415
Below6273:6252,6229,6212,6142,6134

[Sahil_investor]

BN unable to sustain above DHEMA, falls below DEMA..a bearish engulfing on Day.

Day:
5/12/26:11381,11376,11307
50/200:11181,11171
Tl:11300
Above 11552:11623(gap),11736,11812,12226
Below 11355:11219,11208,11034,10631

Week:
5/12/26ema:11330,11099,11011

[Sahil_investor]

NS plan for the day

Nifty coupled with Oversold zone and -ve div. on hour found resistance and closed below DHEMA indicating a sell on rise which is valid till the resistance zone 6316-6336(DHEMA+20 zone).
On hour, price is below 21-34hr.sma. Keeping below the key averages, if DEMA(6282) is taken out a fall towards DLEMA-20 zone is possible (6259-39).
End of Month is here, 6269 is M.HEMA. If today's close is below the num. it will break the upward momentum and signal for a sell on rise on Month t/f.

Ew wise:
1.6344 is B. C may unfold in its typical 5 wave impulse fall or it may unfold as a corrective wave.
2. 6344 is (1) and (2) is unfolding which should not breach 6130.
In both the scenarios direction is down.

Resistance: Above 6303(D.pivot), 6316-6336(DHEMA+20 zone), 6374(TL), 6415(Day num.), 6442(TL)
Fib: 6344- 6273 gives 6317(61.8%) and 6330(80%)
P.resistance: 6332, 6339, 6355, 6365, 6374, 6403, 6405

Support: Below 6299(Wk.pivot),6282(DEMA),6259-6239(DLEMA-20), 6255(12Dema), 6252(Day num), 6238(Wk.EMA), 6229(Day num.), 6219(26ema), 6188(50dsma)
Fib: 6130-6344 gives 6263, 6237 and 6212 as 38.2, 50 and 61.8%
P. support: 6274, 6261, 6234, 6232

[Sahil_investor]

BN plan for the day
Price unable to sustain above DHEMA has now broken the hourly wedgee and has closed below DEMA(11381) and 34hr.sma(11398), marks a bearish engulfing on day charts. Candle Pattern further supported by -ve crossover on Day macd.

Keeping below DEMA and 34hr.sma price can move down towards 11376(12DEMA) initially and then towards 11323-11273(DLEMA-50 zone). 11330 is also WEMA.
Moving above the critical averages, price need to first cross D.pivot(11428) to test the tough resistance 11493-11543(DHEMA+50 zone).
End of Month is here, keeping below 11579(MHEMA) keeps the downward movement intact, Things will reverse to bullish if price goes above the HEMA.

Support: Below 11411(Wk.pivot), 11376(12DEMA), 11323-11273(DLEMA-50 zone), 11330(WEMA), 11307(26DEMA), 11300(TL)
Fib:
1. 11287-11552 gives 11340(80%) weakness gets further confirmed.
2. 11040-11552 gives 11296 and 11236 as 50-61.8%
P.support: 11307, 11303, 11230

Resistance: Keeping above 34hr.sma and DEMA, 11428(D.pivot), 11493-11543(DHEMA+50 zone)
Fib: If a rise happens, 11552-11355 gives 11454, 11477 as 50-61.8%, weakness should return here.
Price keeping above this strength and moving above 11543-11552(100% retrace) strength confirmed.
P. resistance: 11501, 11563, 11625

[Sahil_investor]

update at 09.31:
NS upper ORB-6317
lower ORB-6298

NS just touched 61.8% on first 5 min. and went back

BN is resuming its fall, just made a small high at 11428... On futures SL was saved.

Update at 09.46:
Bn:50-61.8% at 11372-11385, strength above it. Above 11406(80%) strength confirms.
NS: Well above DEMA, how NS will manage with resistance levels is to be seen.

update at 11.21:
NS:6298 is 61.8% of 6287-6316... Also wk.pivot. Only below Dev.DEMA-6289 means weakness.
BN:DEMA-11381;34hr.sma-11394, Although it did breached 61.8%, but the trend changers numbers were near, so keeping a watch..

update at 03.04:
BN- 34hr.sma-11387; 61.8% of today's fall from high at 11385... Strength above the numbers. If moves above next critical numbers to watch are:
11411-11428(Day&wk.pivot) above which 11434-11462(50-61.8% from 11552-11317)

[Sahil_investor]

NS maintains above DEMA but closes below DHEMA. Ends the Month above M.HEMA.
Week:
lower TL:6172
upper TL:6374,6442
5/12/26:6238,6148,6030

Day:
Lower TL:6164
5/12/26:6289,6262,6225
50sma:6190
Above6317:6343,6415
Below6287:6252,6229,6212,6142,6134

Plan for 1-1-14:

Any kind of rise keeping below 6316-6336 (DHEMA+20 zone) will be a corrective rise.
If goes above 6344, will look to review the EW labels.
If goes Below 6289(DEMA) fall towards 6268-6248 (DLEMA-20 zone), 6262(12DEMA).

Resistance: Above 6303(D.pivot), 6316-6336 (DHEMA+20 zone), 6343(Day num.), 6374(upper Tl.), 6415(Day num.)
Fib:6344-6273 gives 6309, 6317 as 50-61.8% and 6330(80%)
P.resistance: 6318, 6333, 6339, 6348, 6355, 6365, 6405

Support: Below 6299(Wk.pivot), 6289(DEMA), 6262(12DEMA), 6268-6248 (DLEMA-20 zone)
Fib: 6151-6344 gives 6248, 6225 as 50-61.8%
P. support:6288, 6273, 6274, 6234.

[Sahil_investor]

BN Maintains the month stance of a sell on rise but closes the day Above DEMA.

Day:
5/12/26:11382,11377,11313
50/200:11194,11167
Tl:11335,
Above 11428:11623(gap),11736,11812,12226
Below 11317:11219,11208,11034,10631
Week:
5/12/26ema:11330,11099,11011
Month
TL:11040,12805

Plan for 01-01-14:
Price is below High EMA's in all t/f and above EMA's in all t/f. Further, Hourly STS is positive, price closed above D.pivot but -ve crossovers on all Day indicators.. A chance of sell on rise in DHEMA+50 zone.
The sell possibility only negates when price goes above the Day.HEMA zone.

Resistance: Above 11390(34hr.sma),11411(wk.pivot), 11472-11522(DHEMA+50), 11593(Wk.HEMA)
Fib: 11552-11317 gives 11435-11462 as 50-61.8%. 11525(88.6%)
P.resistance: 11437, 11488, 11548, 11563

Support: Below 11377(D.pivot also 12DEMA), 11330(wk.ema), 11321-11271(DLEMA-50 zone), 11313(26DEMA),11326(M.pivot)
Fib: If moves below 11377 then 11040-11552 retrace.
P.support: 11325, 11307, 11265.

[Sahil_investor]

Wishing everyone a very Happy New Year. Wish you the best of Health and a Profitable year ahead.

[manojkr78]

Sahil,

Happy New Year.....