Momentum towards the upside looks weak. Consider taking profits and avoid buying dips at this time
This is a logarithmic regression model for 30Y NIFTY50 with R square of 0.96 (350 datasets)
NIFTY should be due for a correction soon for healthy long term growth
The frequency-shifted dynamically adjusted supply and demand zones
I can't time market, but I certainly evaluate value here
NIFTYBEES 1M: This is scientific analysis of NIFTY50 index structure through NIFTYBEES ETF using frequency shifting. I mean that volume around that COVID-19 low is very impressive. Red parallel Lines represent covid-19 market structure and yellow parallel lines represent historical NIFTY50 structure. Both lines together forms supply and demand clusters where...
There's a 30% chance that NIFTY50 will hit 18000 points before July 22 if no major corrections occur before. After 18000, I expect correction. - Technical probability.
If NIFTY50 is following laws of physics, then the reaction line will lead us into 17000 zone easily. Probably I should close or atleast aggressively hedge my open positions if such events occur.
1. Price fail from modified pitchfork 2. Price fails to retest Andrew's pitchfork
NIFTY Broke upper line of pitchfork twice and ready to shot
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Sensex is rebouncing from the median line of the pitchfork channel as expected and should correct back to the trendline zone. Between these parallel channel is accumulation zone imo