SGX nifty cmp 18826
SGX nifty index registered high of 18831 today and 18860 in last week.
Last week was not able to close above 18779 levels,
As per wolf wave formation , index in last phase of up move, where index might face resistance around levels of 19000-19100 levels.
As per pre assumption of harmonic pattern formation, leg c of pattern is already matured,...
SGX:IN1! sgxnifty should repeat the history with help of strong s/r zones of monthly/quarterly time frames,
just watch sgx slide through the marked zones.
SGX:IN1! SGXNIFTY has started trading below previous support and has been bouncing back from current support and failed to break previous support which is acting as resistance now, if sgx manages to break current support too, then 17900 zone will be next support/buy zone for sgx.
if current resistance ( previous support) is breached and sgx manages to move up...
SGX:IN1! #SGX NIFTY has important week coming for the future of new all time high and a pull back scenario, ig sgx namages to break the current sell zone then only we can keep hopes for new all time high levels or at least a rally till previous high levels.
if we do get aa pll back then first fresh support should be anice and safe target for thee correction...
SGX:IN1! update for last post (daily time frame) on smaller timeframe,
please respect the zones and confirm zone breach/break with candle close confirmation method only.
Attached: SGX NIFTY Daily Live Market Chart as of 27th April 2023
Price has put in a Clean Inverted Head & Shoulders Breakout signaling further Upside from here and BULLs in the Driver Seat!
I have used Fib Extension Ratios of
3= 1
3= 1.272
3= 1.618
to get Upside Targets for this Rally
The Inverted Head & Shoulder Measured Pattern Target comes at Target 2 in...
SGX:IN1! sgx must give weekly close above 18030 aur sustain above current support marked below, if support breaks and becomes resistance at retest, we shall se trend change to downside move.
SGX:IN1! since last week sgx has been strugling to push through weekly selling zone but has failed to do so far , if we get a support breakdown, we might see sgx reach 17400 levels within this or next week. watch how sgx reacts to current s/r zones market on chart along side with 17400 level zone.
if sgx manages to break above current resistance zone, then we...
SGX:IN1! SGXNIFTY is back to the crucial trendline of daily timeframe which gave us massive falls multiple times in past,
sgx is at weekly/daily/hourly resistance zone and showing rejection from resistance zone currently, if sgx breaks current support of 17499/17480 and sustains below 17740, then we can retest the 17300 levels again.
the yellow zone can hold...
SGX:IN1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,
current fresh support zones are 17592/17569 and 17499/17480.
if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before...
SGX:IN1! SGX NIFTY is showing negative sign/rejection at the important weekly daily supply zone, if breaks 17642 then we can see downside move again.
requirments -
-must give daily closing below 17767
- max upside movement till 18037 if crosses 17937
- above 18037 can give some points in upside
SGX:IN1! SGXNIFTY breaks the trendline of daily timeframe with little to nothing struggle,
can retest the trendline on new support zones formed before moving towards next targets on upside .
be carefull for possible fake breakput scenario which can push marjet dow again , which is unlikey to happen but still manage your risks while following sgx upside move. SGX:IN1!
SGX:IN1! sgxnifty is approaching crucial trendline of daily timeframe with 2 resistance zones present at/near the trendline,
first resistanse zone is 17500/17057 and the next immediate resistance zone is 17632/17713 which is inline with trendline and can trigger the next corrective fall if respected by sgx.
fresh strong support zone is formed at the levels of...
SGX:IN1! may start movement towards target till 17400 if breaks and sustains above 17255 on 30 min time frame.
keep watch it may resultin fake breakout, if support getas broken we will have to take confirmation if it is going to remain in sideways or try to retest 16800 level again.
