GIFT NIFTY 50 future move based on buy sell zones NSEIX:NIFTY1! GIFT NIFTY has reached the previous sell zone which gave nice selling pressure,
if gift nifty reacts to sell zone and breaks parallel channel it has formed just below the sell zone , then we can expect a trend reversal with sharp selling unless we get to see sideways movement at the sell zone ant then breakout of the sell zone.
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WILL GIFT NIFTY COUNTINUE THE ATH RALLY?NSEIX:NIFTY1! GIFT NIFTY is currently trying to maintain upside move at the previous sell zone should it break abd sustain above it, we may see few more green candles on daily TF unless it starts making fresh lower low lower highs by breaking the 2 fresh buy zones created below. watch the move closely to plan your trades ahead.
GIFT NIFTY broke from the sell zone mentioned in last postNSEIX:NIFTY1! GIFT NIFTY once again felt the pressure of sell zone at the top and gave the fall while reacting to buy zones marked in previous post, now we need to follow the next fresh buy sell zones to plan the trades accordingly,
if we break the current buy zone, below are the 3 target marked, above current zell zone we may test the next sell zone.
GIFT NIFTY : A Big Fall is on the way ??Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Possible Broadening Pattern
📌 Symbol/Asset: GIFT NIFTY
🔍 Description: Gift Nifty is might be making Broadening Pattern and we can see support around 21100-21200 range
Then Index can bounce upto 22300-22500 levels.
And Finally if Resistance is not broken then we can see huge fall of 2000-2500 points !!
Keep Tracking so we can see other possibilities and patterns which are in making
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Gift Nifty
High and low of (12-4-23 5:03) PM this candle will decide the future for this Month for Gift Nifty.
If it drops below this candle, a deep correction is on. Also watch the comments on the chart in relation to price movement.
William's R% is also showing overbought condition and candle of 29th November and corresponding volume of that day also suggest that.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
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