Nifty 7th July ExpiryHere we have analysed Nifty50 index in 4H TF. If it breaks 16511 then XABCD will be activated and we can again come back to 15200 level. On the higher side 16600 to 16500 will act as a strong Demand zone as it has multiple strong PRZ there. Nifty can only recover if this range is respected.
Gartley
XAUUSD/GOLD INVESTING This for long term investment
Look at the chart market made a Bullish Gartley pattern
according to bullish Gartley 'D' is buying point
market made d point or will be
it means buying let's check traget
so our target will be 1990
! It is not for short term investment !
! high risk = high reward !
NIFTY FOR UPCOMING WEEK 28 MAR TO 31 MAR 2021Hello everyone this chart technically measured and filtered by INFINITYIV..
LAST CHART FAILED TO ACHIEVE ACCURACY…
WE ARE WORKING HARD TO BRING OUT THE LOOPHOLES.
LEVELS FOR THE WEEK.
RESISTANCE.
⬆️ 17184 ⬆️ 17447 ⬆️ 17798
SUPPORT.
⬇️ 17110 ⬇️ 16902 ⬇️ 16659
POSITIVE.
1. Reliance turned positive.
2. GST COLLECTION.
3. PCR.
NEGATIVE.
1. War still on.
2. Last week market not moved as prediction.
3. Buyers lost a lots.
4. Buyers have nothing to pull.
5. Sellers eat each other money. Means market will move within range.
HOW TO TRADE WITH CHART.
SIMPLE FOLLOW PREVIOUS CHART.
NOTE.
1. Avoid a week if you smart trader.
2. If you have value of your hard earned money u will sure listen me.
3. Last and my first chart not achieved accuracy.
4. If you have better option go with them.
5. Extremely sorry for last chart.
GREETINGS.
INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
Nifty - Possible Leading Diagonal / Bearish GartleyThe leading diagonal or rising wedge or type-1 diagonal, is a narrowing price move composed of two converging trendlines.
If bottom or lows of 16836 & 16866 holds then Index can push upside tomorrow on account of Budget 2022
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Trading Strategy
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Part A - Mixed Outlook
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Buy Above 17325 - Target 17410 / 17500 - Going into the PRZ (Potential Reversal Zone)
Sell Below 17500 Only if Index halts in PRZ (Potential Reversal Zone)- Target 17260
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Part B- Bullish Outlook
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Finally, Buy If Index halts & takes support at 17075 or look to buy close to 16865- Keep in mind these supports should not be broken.
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Last Idea on Nifty
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WaveTalks- Nifty: Bullish Gartley The fall from 18605 looks choppy & messy suggesting that the index could have finished a part of the corrective structure at 17799 lows @ 28th Oct2021 if holds above that level.
Bulls & Bears will be locking their horns between 18605 high & 17799 low – a range of Approx of 800 points.
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Short Term Scenario
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• Index can bounce upside. Reasons for bounce
• Harmonic Bullish Gartley PRZ (Potential Reversal Zone) 17799-17850
• Triangle B-D line extended in the right direction (red color dashed line)
• Parallel Channel drawn from 18605 &18342 holds the current bottom at 17799 (lows-28th Oct2021)
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Short Term Targets
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Strictly Holding Above 17799 lows –Target 1(T1): 17950 / Target 2(T2): 18050/ Target 3(T3): 18125 / Target 4(T4): 18325
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Last Idea - Gap Strategy
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Thanks
HCL TechHCL Tech
Reasons/Traits :
• Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254)
• Price below 13 EMA ready to touch 50 EMA
• Price is below 0.236 retracements levels
• RSI falling
What can happen next :
Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels
Scenario 2 : Price break down below 1254 levels can take it down to 1227/1182/1135/1070/980 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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