Weekly Analysis 16-21 Jan 2023 Trend will be Bullish (80% Chance) Reasons & Knowledge applied 1. uptrend Confirmation with Volume Support 2. Type 2 Strategy of Uptrend 3. Price is Above on Fib 50% Level Major Week Support 17900 & 17760 Major Week Resistance 18140 & 18390 above 17880 full bullish before entry just check Volume should be high from prev candle 15min Below 17760 full Bearish just check volume confirmation like above Educational Only Support For Intraday use 5,15 Min Time Frame for BTST Swing 30& 1Hr Time Frame
Note For Intraday use VWap indicator above vwap buy only after retracement eg assume vwap line in on 17880 and nifty is trading something around 17920 so this mean price is all ready above vwap line mean trend is up but we can't enter directly at 17920 because you guys already knows that price travel in swings zig zag patter so we will wait the price to down near about vwap line. then we find reversal pattern near at vwap line (reversal pattern bullish pattern with volume confirmation eg bullish engulfing pattern etc) then we should trade for uptrend . its opposite is true for downtrend. Before Entry check basic of uptrend like higher high and higher low, for down trend low and lower highs. as you know in lower time frame trend may be change instantly, i will publish more ideas in future if you guys support me. Advice : if you are beginner with just around 1 year experience in market then do practice of uptrend and downtrend basics on live market without put your hard earned money. have a good day