NIFTY 50 INDEX GANN ANALYSIS 45 MIN TF WEEKLY EXPIRY 18 APR 2024
Nifty 50 chart shows the swing move to the ATH at 22775 and the correction thereafter on it. Its a 45 min timeframe chart. We started the move from 21715 and hit ATH at 22775 a neat 1060 points move on the index. Correcting downwards we hit the Gann 50% level in the gap down move. Backtested the 2/3 rd range and we now at the support of 1/3 rd of the range. One needs to appreciate the geometry of the markets how picture perfect it is.
Intraday Levels to watch is 22114 and 22070. Expansion above the level of 22247 and fall may seen to continue below level of 21981.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
Intraday Levels to watch is 22114 and 22070. Expansion above the level of 22247 and fall may seen to continue below level of 21981.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.