#NIFTY50 is in a downslope, with parallel demand expected around the 22,000-22,300 range. Overall, the market looks weak, and there isn't much buying power at the moment. Let's see how the market unfolds.
#stockmarket
#NIFTY50
The market has corrected 8% from its all-time high.
My View: I expect further challenges for investors and traders, with no immediate new highs in sight. For now, my goal is to target 3-4% gains per trade rather than large moves, unless we see a deeper drop.
#NFA
After six straight days of declines, the market finally bounced a bit today. Let’s see if it continues to recover or moves sideways.
Interestingly, while the HANG SENG (Hong Kong market) dropped 10%, the Indian market showed signs of recovery.
#sensex#nifty50
#Sensex tanks 1,769 points, Nifty down 2% in the biggest market fall in 2 months.
81000-81500 is a minor support let's see how the market reacts at these levels.
My POV: The market may not bounce back but instead move sideways, causing some pain for both investors and traders.
The Indian market along with other Asian markets fell today. Now the key is to watch whether the market forms support or breaks down further. The continuous buying trend raises concerns from a money management perspective. Let’s see if the market makes another high or not
#sensex
When you are reading the book and you are confused that confusion is similar to the pain you get in the gym when you working out.
-The Almanack Of Naval Ravikant
#NIFTY50
Today, the market reached a new all-time high again. The breakout was confirmed by the next candle on the 4-hour chart, signaling a bullish trend ahead!
#NIFTY50 T.A
The market is currently in a wedge formation, with a Inverted hammer candle appearing on the daily timeframe.
I'll wait for a breakout, either up or down, before making any moves.
Patience is key—sometimes the best trade is no trade at all.
Took a reentry on this trade as the RSI bullish divergence is still in play. Every setback is an opportunity for a stronger comeback. Staying disciplined and trusting the process—trading is as much about psychology as it is about strategy!
#NFA
#SENSEX T.A
The 82,000 level has become a key resistance. The price closed below the middle Bollinger Band, which makes me nervous as there's a higher chance the price could move down.
#CochinShipyard
The RSI bullish divergence is still in play.