FinNifty for next week 18th July's expiry
Updated
Finifty I expect to go long next week's expiry. Please see the description in the charts.
The right side is 5 mins chart depicting
1. double bottom
2. break of lower high
3. Process of creating a 2 legged correction, once the second leg is created,
it will be a good time to go long
The right side is higher time frame 1 hr depicts
1. Flag and Pole pattern
2. Price pullback was 50% so there is good chance to go up from here as it's close to EMA
3. Daily time frame today creating an inside candle most likely by end of day
Note: Please note this analysis is just for educational purpose only and it's just based on technical analysis and chart patterns.
The right side is 5 mins chart depicting
1. double bottom
2. break of lower high
3. Process of creating a 2 legged correction, once the second leg is created,
it will be a good time to go long
The right side is higher time frame 1 hr depicts
1. Flag and Pole pattern
2. Price pullback was 50% so there is good chance to go up from here as it's close to EMA
3. Daily time frame today creating an inside candle most likely by end of day
Note: Please note this analysis is just for educational purpose only and it's just based on technical analysis and chart patterns.
Note
Price still holding the lower low this is could be the end of second leg down on a daily time frame
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