I found a triangle pattern on Nifty 50.Remember that "Nifty is in a long term bearish channel" before taking any positions based on this analysis.
More upward movements coming in market ?!! Nifty breaks and retest the recent major level.
Market Structure TF : 1 HR HH- Higher High HL- Higher Low LL- Lower Low LH- Lower High Market Structure is the technical structure of any market that appears over time as one primary position holds the majority of the strength (buyers or sellers). Market structure is a key technical understanding to be able to identify what the market has been doing in the...
Watch tomorrow's (Monday-3/1/22) price action carefully before entering into positions
Day trading analysis on Bank Nifty using smart money concept (smc).
If bank nifty reverses from the current level,it may go down upto 33350 levels
:-- Finally Nifty breaks out from the bearish channel and moved up by 1.57 %. :-- Now nifty moving in a bullish channel started from Dec 20 1.If Nifty breaks the bullish channel then the next resistance is at 17800-17820 levels. 2.If the market is comes down then we can expect a downward move till the bullish channel wall, if that is broken then Nifty takes...
Nifty IT likely to consolidate between ALT and 38870 range Note: I'm sharing my views on Nifty IT for educational purpose only, Please don't take this as a trading signal/call.
We can see that a triangle pattern is forming on HDFC. A strong resistance at 2620.
We can see that 1546 is act as a good support level for PVR (In the past also).Here forming a small triangle pattern and you can wait for the breakout