fifty502021

fifty502021

this is a detailed analysis for educational purpose, bank nifty forming a head and shoulder pattern in 2 hrs time frame

fifty502021

drawn some support and resistances for nifty, tomorrow will be very important which will make or break nifty levels. the black lines are trend lines and the yellow lines are for support in case nifty falls

fifty502021

nifty 50 trading in a descending brodening wedge pattern

fifty502021

trying to find support and mark the levels based on fib retracement and trend lines.

fifty502021

nifty resistance and support level. according to fib retracement nifty has touched the level of 0.618, hence the 0.5 wil act a a resistance and 0.789 will act as a support.

fifty502021

after breakout expected target 29000 long term trend line going up and the spiral fib used for trend reversal, currently in consolidating mode. dont take this seriously.

fifty502021

head and shoulder pattern formation in 1day candle chart ( for personal educational project)

fifty502021

nifty 50 7th jan expiry day trendlines continuation from the previous day

fifty502021

ambujacem jan 6th 2021 possible breakout cmp 257.65 marked levels for educational purpose

fifty502021

tried my analysis on nifty 50 levels, lets see how it works!