Nifty "complicated'

Updated

Publishing herewith my idea about nifty for next quarter/month using weekly time frame, also giving some idea about day range
slightly complicated , will add some comments on saturday

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17142-17102 is a monthly support for this month but breached
17102-17094 a quarterly price range, for this quarter, breached
17150-17190, normal day high range, will provide extended range in case price breaks it
price got support at weekly range
will update it with 4 hr range

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monthly closing above monthly pattern range is the right way 4 pattern ranges

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dtd. Feb'28

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indicated monthly Inside candle and a monthly doji, if price breaks monthly ic level then doji high is next natural target

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monthly low almost on the range 16828, high 17800, let see where is the monthly close

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Classical example of price relation with a pattern "Nifty"

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as per this pattern 17100 and 17250 (approx) are the 2 support levels for this month

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curve pattern valid till apr'17, important thing about curve pattern, mostly price try to break the curve as soon as possible to avoid sharp fall , try to run away as far as possible from this pattern till its validity, so many times results in a small rally

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s3.tradingview.com/snapshots/f/FPoitpm9.png

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:agree:
a retest
s3.tradingview.com/snapshots/s/sjfV4GSX.png

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in 15 min

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mkt opened gap up, so daily levels becomes invalid , left with weekly and monthly levels as we hv monthly closing today

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price opened above 17207 which acted as support

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and perfectly got rejected at above levels

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17379

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price perfectly followed the range?

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why i'm putting so much emphasis on quarterly candle

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a very simple way to get some range

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starting with a graphic,
any comments?

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now we are going to enter in a new quarter but at the end of quarter we will also have end of 6 month candle

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why we got a monthly doji, intersection of higher time frames

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omvats1

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