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Hammer formed on Daily TF on a strong support area.

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Nifty touched it's strongest support of 22,774 and closed above 22,900 today, which is a good sign. For any reversal, we need Nifty to close above 23,067. Daily TF analysis, if it breaks 22,798, we may see more downfall towrds 22,120.

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BO done, Retest done, now let's see if this one blasts upwards or not ! I ma expecting a big move.

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Nifty Bearish Positional on 30 mins & 60 mins TF. Reverse Cup & Handle in formation it seems, may create a Double Top Pattern inside the cup. Key levels 51000, 51100,51200. Trendline is bullish so my view is contrary. Let's see if the pattern happens in one day or takes few days or doesn't happen at all.

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It remained absolutely flat today BUT it has not broken the Support area yet.

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BN 30 mins Chart 13/08/2024 #BN range-bound 49700 - 50700. Formed Double-Bottom (1B,2B) then formed Double-Top (1T,2T), then again formed Double-Bottom (1B near the neckline and 2nd bottom formed today near the support zone. Posible upward move to complete the W. #BankNifty #NiftyBank. Boost and comment please.

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#JeenaSeekho Daily TF 12/08/2024 Triangle pattern almost complete and expecting Break-out or Break-down soon.

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Once handle is formed to retest, expecting a bullish view. Views are for learning purpose only.

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Nifty 50 is price range is in a TRIANGLE PATTERN. Currently at the Trendline Support.

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Levels remain the same as Nifty was sideways most of the time, towards the end it did touch the 1st Resistance level which I posted yesterday. Good move possible if it sustains above 22000. Price took the support on the horizontal line and touched the 1st Resistance, needs to breach the R1 for upward direction. Look at the last 2 candlesticks and the volume on it...

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Self- Explanatory ! 21900 breached by a good bearish candle and sustains for sometime and does a re-test, then 21800 might be easy seen. Price has breached the Trendline ever so slightly and standing on horizontal support line, let's see if it breaks or reverses.

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If Nifty breaks the Resistance Line of the ascending Triangle with a clean candle and sustains above it for sometime above 22222, 22249 then it may go UP to 22300 If Nifty breaks the Trendline Line which is acting as Support of the ascending Triangle with a clean candle then it may it go Down to 21900 once crossed 22090, 22050 DISCLAIMER : ONLY FOR LEARNING PUORPOSE

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Kindly assess the trendlines I have drawn, shows 'Rising Wedge' which a Bearish reversal pattern I beleive. Thank you in advance

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Please assess the trendlines I have drawn, are these positioned correctly? Rising wedge pattern is correct? Thanks in advance