bafnavaibhavbigb

bafnavaibhavbigb

Nifty 50 is currently in midst a descending triangle pattern. What is more important than patterns is understanding the psychology behind it. Buyers have defended 16800-16830 zone very well and has been tested 5 times. Each time selling pressure has ensured a lower high. If 16830 breaks target is 16000. If 17350 breaks decisively then upside targets of 17800 and...

bafnavaibhavbigb

Flag n Pole valid till Channel intact. Looks valid but Russia and Ukraine is in the news and any news based event can make this invalid.

bafnavaibhavbigb

NIFTY 50 was in a perfect channel in the daily and weekly charts right from 15 February 2021 to 17 May 2021. Breakout from the channel occured on 18th May. The top of the channel has been retested and it from that exact level (14880) that the market rallied on Friday. For the coming the week, significant support for Nifty 50 exists at 15030 to 14950 - below which...

bafnavaibhavbigb Updated 

Nifty 50 has formed a bullish wedge and has taken support at the weekly R1 (14900 level). US markets have rallied sharply today due to employment data released today which will definitely have an impact on the Indian market. Tomorrow a gap up opening can be expected. Target 1 for tomorrow would be 15050 and then 15120 on the upside provided the gap sustains for...