Looking good upside possible if sustain its breakout look for long and short to medium term investment. I am not sebi registered,i use my quantitative techniques.
Nifty has made indecisive candle on weekly chart . Cutting high and low of doji will decide the move for further. For now we will again test fresh lows of 17050 And if sustain below 16800 on strong closing by daily candle road for 16600/16450 will be smooth. For fresh buying Only buy above 17450 closing on daily basis.Nifty will take resistance at each different...
Intraday chart of Nifty,short below 17122 go long above 17225.
Nifty 1HR time frame, making a pyramid like structure follow levels.
HDFC BANK formed shooting star like formation on weekly chart entered in bearish territory as per price action it doesn't looks good. Mazor contender of banknifty.
As per my previous idea Nifty has completed its target of 17440 . Sharing this because of multiple pattern breakout already it has given half of its target watchout.
ITC has given fresh breakout on weekly chart Though it can consolidate b/w 240-260 little because this are is not tested but surely journey has been started.
Nifty has given breakout of falling wedge ,watch out intraday traders.
Upside looks possible if we break resistance then we will test 17900/ 18000/18100 again and then we can make double top,for downside it will test 17600 again i have made the marking in different colours.
Structure of Nifty 50 3Hr immediate support will be 17560 if we take here then we will bounce till 17800 and then take resistance to the orange line then again we will come down follow levels i have drawn.