Nifty 30 Min Time frame chart .Keep an eye on 17991 .If it breaks we will head tomwards 17915
Update on Nifty 24-12-2022. Short term trend has changed from positive to negative. There will be Frequent Sell on the rise untill we give a closing above 18004
Nifty Daily time frame forming a descending triangle. 18175/18000 breaks than we can see a fall till 17800.
Nifty Daily Time Frame. Forming a descending triangle . If 18175/18000 breaks the there will be further fall till 17800 .
Nifty is on a rising trend channel since since 11th oct Taking Perfect resistance and support on the channel lines . Also since last 3 days if one observes ,Nifty opens with a gap up, Touches the upper channel line faces resistance looses all the day gains and opens gap next day .
Hell All i have made a analysis on Nifty on a Weekly Time frame the chart is self Explanatory . One can see nifty had taken support on trend line twice before Breaking it and making a low of 15676.Now at current closing of nifty i see a immediate major Resistance at 17500/17530/17550. If this is Taken Out . A good move can be expect for further 500 pints ....
The chart is Self Explanatory . Trend Line clearly shows that it is facin rejection near 17250/17300 Range The horizontal Line is clearly Stating it is taking strong support at 17800 /17830 Levels
When u Join Nifty on 3 point trend line that is 28/07/2021 :15513 29/11/21: 16782 17/12/21: 16966 . It clearly Indicates that one can go long on nifty only above 17075. Lets see whats in store for tomorow that is 23/12/21
MTARTECH has to sustain above 2365 on daily Closing Basis ,only than we can see new HIghs can be seen in the coming days
10/11/21 Gap Down Below Trendline made a low of 17915 moved towards the trendline and took supoort on the trend line and made a high of 18060 and cosed at 18010 11/11/21 Gap Down Above the trendline and broke the trendline and made a low of 17836 twice Moved Again from 17836 to 17893 which is exact trenline and got rejection and broke previous low...
MTAR TECH Getting rejection from trend line .The Price has been reject 4 times from the trend any upward movement can only be confirmed if it breaks and hold 1886 for next targets of 1925/1947/1975/2000.Supoort around 1814