PowerTrades
Short

NIFTY Swing Thesis

NSE:NIFTY   Nifty 50 Index
I have been tracking the longer time frame channel for NIFTY and that channel ( Red marked ) Have held on in the past on many corrections including the one that we had during start of 2018.
Now since the channel has broken we have pushed back to the lower end of the channel thrice, including the current peak, but have failed to break through.
Now in the past occasions we have corrected 600-700 points from the peak every time that happened twice this year (marked with blue arrows).

Assuming that thesis holds good we should see a similar move or alternatively the lower correction channel that has been forming. this points to a region of 10500-530 areas as a potential target. only a break of this channel low will open up new levels.


Trade closed: target reached: Low Made exactly around 10550 areas, closed the trade. now for second scenario to play out we need to break 10550 on closing before moving above 10890 region.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out