Unless Nifty Sustain LOWER HIGH , Market Is Bearish. Looks Scary Tho @15050 , The Other Option Is If Market Makes Double Bottom Around 15600/15500 And Starts New Rally. But Further Candle Cluster Between 16900 And 17200 Will Act As A Stiff Resistance For Further Rally.
Exhaustion Volume and a Rally,making HNS or a Rally to New Highs.
Exhaustion Volume And A Rally. Can we see a Similar Rally ?
If 15 min candle closes above 17340 chances to test 17410-430. If it does not close then chances to fill previous gap around 17150.
Bank Nifty On Daily Chart is probably making an HNS pattern. Will it Complete the Pattern or not ?. This pattern is not been created, these pattern is just an assumption to plan further trades. It have almost reached the higher side of the left shoulder. Well lets see what market have for us in further time.
Bank Nifty have created a F&P Pattern. TF does not matter as you go on higher TF it will become small FLAG and if we see on smaller TF , FLAG will be seen big. Slowly Steadily FP target will be achieved if it breaks and sustains the upper trendline of FLAG. Pattern fail below the lower trendline of FLAG.
Bank Nifty Hourly. will try to fill the gap & take support from there and again will try to test the trendline.. Unless BNF is out of that falling Channel we will not be seeing rally upwards.
Nifty Time Cycle+Fib — It has made a green candle on vertical line 1% ratio & closed above 23.8% of fib ratio. if it is unable to sustain above 17058 then we might consolidate down side. if it sustains above 17058 then it might consolidate between 17162-17058. Sustaining above 17162 for trgt of 17245.
As Shown Previously 0.886% trgt of Fib and Pitch fork channel line almost tested. Here we might see some retracement and then a rally.
NSE:NIFTY Nifty Daily Chart. Nifty retraced from its high around 9.5% & took support at Fib ration of 0.382% . If this is just a pull back after almost 10% correction then nifty will find difficulty to close above 17550 levels + a Fib ratio of 0.236% which are in confluence along with trend line resistance which is shown in hourly chart. How Nifty will...
Nifty is Trading between pitch fork channel. As almost all the Time frame are over sold.. nifty can rally upto 17500-17600, to rally nifty should hold 17000 level on daily closing basis. 1 more thing i have seen that from last 7 days nifty is not able to cross the 50 level on RSI on hourly TF. Keep watch on that level. for good swing trade on upside. *17000...