chetanpathare

chetanpathare

Nifty 16948 is 0.236 level of yesterday's day range formed. Can see good upwards moved to 1.272/1.618 levels, followed by 50% reversal. Please trade wisely with proper SL and levels

chetanpathare

Consider right Fibonacci, Level 0: 16410.2, Low of 20th December’21, which also happens to be seasonal Low as per 120 days cycle Level 1: 18350.9 current high formed on 18th January’22. If we follow this Fibonacci, 0.236 level: 16868.2, marked with purple line, Nifty found a support (made a low of 16836.8) a these levels, This is again a signal but we also...

chetanpathare

There are 2, 120 days GANN seasonal cycles. (Low to Low cycles) From 22nd April-20th August (marked with Dark Red lines) AND From 20th August to 20th December. (marked with Dark Red lines) These cycles can be again divided into 30 days sub-cycles. GANN used to call theses "Cycles within the cycles" If we divide these 120 days cycles we get a low approx every 30...

chetanpathare Updated 

Nifty twice has consolidated for 3 days and given a breakout of around 650-750 points each time as per the trend direction. lets check the details. 1st time on 14th-16th December (marked with a box) Nifty had consolidated for 3 days and then given a breakout of around 750 points. trend was down, nifty moved down. 28th-30th December (marked with a box): again Nifty...

chetanpathare Updated 

Date: 11th January closing basis Reliance After Breakout and backtesting the Price has now started moving upwards. (Refer previous article of 29th December’21) Price is currently at 2455.55 on closing basis on 11/01/22. If we look on Fibonacci (Unit of Technical Analysis), Price has created a range, Level 0: 2247.1 on 20/12/21 Level 1: 2382.1 on...

chetanpathare

Unit_of_Technical_Analysis: Weekly Cycles Chapter 4: Trading Fibonacci Levels & Extensions of the Bull Cycle Fibonacci levels Tools used: 1. Fibonacci Time Frame: Weekly Method: 1. We have got the Bull cycle of 2016-2020 here and we are measuring the moves on Fibonacci Retracement on 2012-2016 cycle. 2. We have got the Bull cycle of 2020-2023 here and we are...

chetanpathare

Unit_of_Technical_Analysis: Chapter 3: Bull Cycle: how to identify prior phase, The Bull Cycle, How to trade the Bull cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18, 36, 9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bullish Divergence & Falling Wedge (or...

chetanpathare Updated 

Nifty has made a low on 20th August (Which was GANN 120 days cycle completion and start of new cycle which can be 120/90 days) 1st Fibonacci on the list which is half seen on the Screen (only above level 1 to 1.618) Level 0: 16410.2 Day: 20th December'21 Level 1: 16936.4 Day: 21st December'21 With these 0 & 1 levels, Nifty has completed an extension of 1.618...

chetanpathare Updated 

A good breakout on hourly chart can be seen in reliance, there can be some rally expected, followed by backtesting and then further upwards movement to break the All The Time in next coming days. Good upside movement expected in coming 6-8 months, after the backtesting

chetanpathare Updated 

Nifty has given a huge breakout today on the hourly candles, from the (Down) trendline (marked in black) We can expect a good backtesting before we move up further. Back testing can either be on 1. 50% retracement of the range (Refer Fibonacci drawn on left) 17507.3 2. Backtesting on the trend line Or 3. It can just move up with the momentum Let's wait and watch

chetanpathare Updated 

We got a short, reversal with range formation, retracement upto around 0.5 level, support at 0.786 level and now moving above 1 level. Target 1.272/ 1.618 level SL 0.786 level. 20th December also marks, start of the 120 days GANN cycle. 1st 2 being, 22nd April-20th August, 20th August- 20th December

chetanpathare Updated 

Current Nifty Scenario Chart Daily Range created with 0-1 level Level 0: 18604 (19th October Top) Level 1:16782.4 (29th November Low) Retracement upto 0.5 level (50% retracement) Level 0.5: 17693.45 Target 1: Level 1.272: 16286 Target 2: Level 2.618: 15656.4 Above: 16915, nifty may move in uptrend

chetanpathare Updated 

Unit_of_Technical_Analysis: Chapter 5: The 50% Retracement: Why they are important, how to analyze and trade them. (Note: The sole purpose of taking this chapter earlier is because of the existing pattern formed on nifty which is again at 50% level of the range from bottom (29/11/21) to top (13/12/21) formed after that) Tools used: 1. Fibonacci 2. Moving...

chetanpathare

Unit_of_Technical_Analysis: Chapter 2: Bear Cycle: how to identify prior phase, the Bear Cycle, End of Bear Cycle. How to trade the Bear cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18,36,9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bearish Divergence & Rising Wedge for...

chetanpathare

The most important question in front of every Investor/ Trader is 1. When is the "RIGHT TIME" to Buy and Sell ? 2. What is the "BEST PRICE/LEVEL" to Buy and Sell? The Market has its own story to tell and we just need to listens to what exactly the market is trying to say!! We have considered last 4 BULL & BEAR CYCLE and we try to interpret how market...

chetanpathare

"Downtrend leg" Nifty has completed a 1.618 retracment on Fibonacci on Downtrend @16999 levels. Fibo 0 level, high of 19th October'21, i.e. 18605 & Fibo level 1 low of 29th October i.e. 17613, (Refer to Fibonacci drawn on LHS with fib levels 1.272 & 1.618 marked on it) This completes the "downtrend leg". (The downtrend was already indicated by Nifty with Bearish...