Waiting for breakout Ps : Am not a professional.
The US benchmark index Dow Jones has formed a Flag pattern along with a Rising Wedge pattern. With both the patterns happening at the same time one should stay neutral and wait for breakout above or below the wedge pattern, to get confirmation of the next move. Though the overall trend is still bullish but in the current scenario, its prudent to have...
The US benchmark index has given a rounding pattern breakout on hourly chart. Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside. As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000. And as per the current chart scenario one can buy with a stop loss below...
The US index Dow Jones has formed a Cup & Handle pattern on hourly charts. Breakout is awaited. A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
SGX nifty is showing ABCD pattern where CD leg already have created an Fib extension of 1.272 AB at 13184. It is already a bullish script now if it is breaks 1.272 level and goes up then it may go till 1.618 and further more 2 in fib level. So the bullish entry should be above 13184 and Targets are 13622 and 14105. Now if the script comes down and breaks...
Analyzing SGX NIFTY FUTURES for future movement of NIFTY INDEX is a good IDEA. Here ALSO the 'B' wave of 4th wave completed at 12821. next would be ABC down leg to unfold. since 4 th wave B has gone more above start of A ,we can expect a running correction (0.618*A) 11523 or an Expanded or irregular correction(1.618*A) 10156. Having our GOVT anounced...
I am a novice, just started analysing charts. This is my understanding from the price actions in SGX Nifty. Suggestions and comments welcome.
NIFTY 50:- index is taking support for upside trendline + 21 ema. buy on support. #Disclaimer:-I just shared view for only educational purpose.
10145 to 10345 price range holding currently bull structure still intact sudden push upside breaking 10264 next bull range 10600 to 11000 nifty next upside range. Right now there's much probably to break upside and theres a bull divergence also created in the same range.
When I really take some effort to explain myself better to me btw how do we do after breaking Reason: Nothing.
SGX NIFTY WEEKLY ENTRY PROVIDED BASED ON SWING AND PRICE ANALYSIS. THERE IS MORE POSSIBILITIES OF LONG ENTRY FOR NEXT WEEK . I DON'T USE INDICATOR OR SOFTWARE FOR MY ANALYSIS.
SGX Nifty making higher low, and creating W pattern If breakout happen, it can go upto 10050 U can trade in nifty as per this data