If you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential.
Weekly Cup & Handle
Timeframe: November 15, 2021 – October 14,...
Current Price and Resistance:
The Nifty 50 index is currently trading around 24,492.
There's a notable resistance level around 25,065, where previous price action struggled to move higher. This level acts as a potential cap for upward movement.
Support Levels:
A significant support line is marked around 23,996, below the current trading level.
If the...
The Nifty Bank Index is at a critical juncture, forming a symmetrical triangle pattern on its daily chart. This pattern, characterized by converging lower highs and higher lows, indicates a period of consolidation, with a potential breakout on the horizon.
Key Levels to Watch:
Support:
Ascending trendline from November 2022
Horizontal support around...