SGX Nifty is consolidating in downward slopping channel. Keep on radar for channel breakout.
Is this Bull Market Rally..? Definitely a big NO!! Series of Lower Highs and Lower Lows. DCB above 18097 will be the first sign for start of real Bull Market. Failing to do so, we may see another swing Lower Low.
Could we see 16700 by this weekend? Any suggestions or comments welcomed
on D timeframe SGX NIFTY, yesterday due Powell speech Nassdaq tanked 500 points Bearish Signal: 1) So SGX broke an important trend line rising from 16469 2) with double top being formed unevenly & this indicating the break of the neckline, we can see a good fall unto 16700 levels HOW ? ( Look down on Bullish) Bullish Signal : 1) after all the correction happened...
Tried to capture Elliott Wave Theory Patterns:- Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). 3 Cardinal Rules of the Elliott Wave Theory Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same...
Continuation of previous idea where the entire upmove is an ABC. Zoomed in picture of wave counts of the final leg, leading to initial target area of prior 4th wave i.e. 17450-17180.
This is one of the rare case where a 3 wave move up has a C wave extension greater than the regular 1.382/1.618. In super-extended moves, we have seen C Waves extend to 2.0 and even 2.618 of wave A. What determines the future move is the speed of reversal post completion of Wave C/3. Another supporting evidence for it being a wave C and not wave 3 is that the...
Sgx nifty Facing Resistence Always follow Risk and Position Management❇️❇️ For more information like this follow me in Tradingview @Jagadeesh11616125 Happy trading😊
Hopefully trend going to break down side. Remember the fall will be much nasty
Sgx nifty is chances of falling down. after may be Up side
due to positive data from US nifty may gap up 150-200 points so it will touch the trend line passing through 18600 october 2021 high and 18115 in 2022. THis level is app 17750. we have to book some partial profits here those who are in long positions. The further move we can opt a strategy like bull call ladder .
Chart of SGXNIFTY. Its at make or break zone. The support is very strong.
A triple top pattern can be observed forming on the 15 minute chart of IN1! (SGX Nifty Futures). So far the 3rd top is yet to be confirmed but optimistically speaking it seems probable. 2 more reasons supporting this are - the rise in volatility and the upward movement of the market itself over the last week. The US-China tensions are exerting a pressure of their...
SGX NIFTY is Bullish From Today's Opening.SGX Nifty Need to Break @17400 And SGX NIFTY Needs To Break 1st August Day High @17450 If SGX NIFTY Breaks @17450 Then SGX NIFTY Turn Bullish Trend If SGX NIFTY Breaks Today's Low @17347 Then SGX NIFTY Will Turn Bearish Trend If SGX NIFTY Breaks @17340 Then SGX NIFTY Fall Upto @17250. SGX NIFTY First Support At @17310...
SGX Nifty Performing a Head & Shoulder Pattern if it will break 16550 for down side then surely it will touch 16450. Wait for closing below 16550.