The kind of STRUCTURE we are IN NIFTY is ready to cross 17500 around the time of ELECTION and then we might head towards 18000 easily by the end of this month of MARCH and the bottom of 16200 shall remain the low for the entire year of 2022 iff unforcing circumstances don't play... Will update on this after 2 weeks... Till then, HAPPY TRADING :)
Nifty is in the C impulsive wave in a flat correction ZIG - ZAG correction is not possible because it crossed 0.618 Fib levels and touched 18300 Follow me for more such content ahead Till then, HAPPY TRADING :)
I think the chart is clear enough and no more explanation shall be required FOLLOW me for more such content ahead HAPPY TRADING :)
Follow me for more such content ahead...Till then, HAPPY TRADING :)
Monthly Chart: Weekly Chart: Daily Chart: I hope the charts are clear enough for you to understand...If not then you can ask me in the comments below Follow me for more such analysis ahead Till then, HAPPY TRADING :)
I think the chart is clear enough Follow me for more such content ahead, Till then, HAPPY TRADING :)
FOLLOW me for more such content ahead, Till then, HAPPY TRADING :)
Follow me for more such content ahead...Till then, HAPPY TRADING :)
The chart is self explanatory from technical point of view If you look closely it has completed its fibonacci retracement of 50% and tested 200 ema several times with a breakout in the triangle pattern....The red line below is the stoploss (on closing basis) The breakout may fail from the trendline as the market is weak and a sudden fall shall break the stock and...
The chart is self explanatory...I have used log chart and the currency is changed to USD that's why the chart of NIFTY 50 is looking way different than the usual ARITHMETIC chart that we see in RUPEE index...There are various reasons why I have changed these 2 parametres which i will be covering in my next post... Charts are not the only reason why I am bullish...
FOLLOW me for more such content ahead....Till then, HAPPY TRADING :)
I don't think there is a need for even more beautiful setup than this in NIFTY 50 to take off... The rise from 7500 to 18600 just gave the momentum on the runway for NIFTY 50 to takeoff... Many people are still afraid that NIFTY 50 will fall from here to 14000 levels....But this is the common fear in the beginning of the bull market...One day these bears will...
Self Explanatory chart FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
The chart is self explanatory FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
Self explanatory chart FOLLOW me for more such content ahead...Till then, HAPPY NEW YEAR AND HAPPY TRADING :)
GUYS do let me know in the comments if I should make video tutorials like this for analysis of NIFTY 50 regularly? FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
The CHART is self explanatory....Bollinger bands gives us an idea of volatility in the coming months and the trendlines as you know gives idea about the resistances for the coming month and years By looking at the chart RSI of BN is also below 60 in monthly chart and it has followed the trendline so religiously...so it is little tough to break the trendline...But...
CLOSING above 1220 and IT sector breaking the previous pivot high and markets breaking 17000 is strict to buy...else it will only give a intraday rally and cool off if the market is not supportive. ANCHORED vwap lines are those green colour lines and shows support and resistance FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)