NIFTY View - Way Forward

Feb 29

NIFTY :

Blue line - Struggled to close above this

Black Lines - Channel support/resistances

Orange Lines - Immediate Supports

Mar 2

Note

Super Bounce :

Closed above blue line .

Mar 6

Note

Retested the Support (earlier resistance), bounced strongly from there.

Mar 6

Note

Blue Line

Mar 13

Note

Trendline Broken (Black dotted extended line)

Now, Focus on support(s) (Orange) below:

Mar 15

Note

Broke the Trendline (extended black dots) , tried to retest (extended black) but failed.

Mar 15

Note

Point of concern is this Inverse Flag Pennant (Black) , Next session, this might breakdown and then focus to be on orange supports ! Let's see... market Supreme

Mar 19

Note

As anticipated, Broke down! Market Supreme

Mar 28

Note

Current rejection from Trendline (Black dots extended)

Apr 4

Note

Opened GAP Up for all time High BUT rejected from resistance (Extended Black line) :

Apr 8

Note

Watch Out ! Attempting to break trendline (extended dotted black)