Nifty 50 - Ascending Channel Pattern

Apr 16

Nifty is following the Ascending Channel Pattern at 4hr and Daily chart. Today it has taken the support at the lower Trendline, which is near 22050-A strong support. Market may reverse from here following its previous Trendline chart pattern. Nifty is also making a Double Bottom at 15min chart, a Hammer candle at 1:15pm and RSI divergence are visible, probability of touching 22400 from here.

But if it breaks 22000 then we may see 21800.

As per Price Action, a strong Green or Red candle on 18april will decide the move.

For my learning and digital records purpose only!

Apr 19

Trade active

Today Nifty touched 21800 and made Double Bottom chart pattern, gave 300+points up move from 9:15am to 1:50pm. Strong Probability of going up.

For my learning and digital records purpose only!

Apr 22

Trade active

Double Bottom in Nifty worked well, Today Nifty gave 200+ points upside move.
Nifty touched its strong support 21800 on 19apr and reversed, today it closed at 22336.
Power of Price Action!

For my learning and digital records purpose only!

Apr 29

Note

Nifty gained 220points today and closed at 22643.
Price action worked really well.

For my learning and digital records purpose only!