Aravinth_Settu

Aravinth_Settu

After a continuous Reversal Structure Nifty has formed W kind of Bullish Structure , i consider this as reversal . any how wait for swing high to break to confirm the Bullish behaviour in the Market.

Aravinth_Settu

After an uptrend it has made H and S kind of pattern and made a Change in character now it has started a phase it correction , right now it is in strong demand zone that is 0.5 fib retracement it’s look like it may form either double bottom or descending triangle.

Aravinth_Settu

Nifty has shown some kind of double top pattern and RSI divergence has formed , US markets looks week day by day , if neck line break next support is gap border and 17000 a psychological level and follows next support is 0.5 fib retracement.

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Nifty continued moving on the expected lines. It went on to test the falling trend line pattern resistance that exists in the form of a falling trend line. This trendline begins from the lifetime high point of 18,600 and it joins the subsequent lower tops.

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Banknifty W Tf has bullish pole and flag kind of pattern formed, expecting to further rally continues if it breaks 37720 .

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Nifty 4hr has formed channel kind of pattern and has given up side break and it’s more possible to move higher but the only problem is it has left lot of gaps.

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Right now BN 4hr Tf has formed. Channel type of pattern but it has already formed cup and Handle to indicate trend has changed even trend line has broken . previous swing high need to break to confirm d reversal . If channel breaks it May come down to retest the trend line .

Aravinth_Settu

Nifty 4hr has formed trend continues pattern that is raising wedge pattern as per technical it may take retest and give fall further , at the same time in rare case it may form ascending or falling wedge and give up side break because it has give trend line break.

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It has formed falling wedge kind of pattern and given a Breakout with good volume. There is POC in 154 range if it breaks it can move up .

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Nifty has formed symmetrical triangle pattern 8n 30 min Tf , a trend has changed already , I believe it I’ll go up if structure break on Up side

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Trend reversal has Happened today based on technical.

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Nifty 4rs Tf still need one more reversal pattern to confirm the trend has been changed. Entire structure looks like falling wedge pattern.it’s look like it has bottom out.

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What everyone saying in social media that is not gonna Happen , I’m still remain bullish untill candle breaks 15000 psychological level .

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34000 is the defence as far now , if it breached we may go further down. It’s all about how candle open on Monday.

Aravinth_Settu Updated 

If it breaks poc as per technical it may go up further ~Only for educational purpose~

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~Breakout with huge volume ~Good quarter results ~More number of positive news came regarding this RTNIndia stock. ~It’s good to hold for long term.

Aravinth_Settu

It has bottom out . Breakout and Planning to give big move . Only for educational purpose

Aravinth_Settu

If nifty breaks 16470 next target would be 16600 Sgx shows 16435 on coming Monday Record Date Sat 28th May 2022 ~only for educational purpose ~