Nifty is trading in a parallel channel, the channel has started from 14th jun 2021. Still it is trading in between the channel. There can be a good resistance near 15969. Still patiently wait for the price to come maintain stop loss according to your risk taken. 15768 can be the profit booking price. Still wait for the upper level to short.
This chart is an overview of weekly nifty.
Nifty was moving in a parallel channel and now it has broken the channel and moving in a positive direction.
There is no resistance and its moving higher and higher so may be possible nifty may take turn towards downward.
The support can be expected 13867 nearby.
Nifty is moving in a parallel channel.
The most important point to be consider that the nifty is moving near the support line, hit 2 times the support line the strength is less to move in positive direction.
However the channel is not broken yet.
In NIFTY there is a solid resistance , it may follow that resistance and fall but we can not expect much fall because bulls are more active.
The falling range can be 14442 from the current level.
It is moving in UP direction and in that also "the price movement is more near the resistance level".
Technically by following this resistance it will move little...
NIFTY is moving in a parallel channel, and today's movement is in the video.
In advance thanks, I know the voice quality was very poor and i was nerves also so some of the point missed please don't mind it.
Tried my best to explain in simple words.
In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
if the price don't cross the tail price 444, then the stock will move down.
Eventually, the buyers...
Titan movement is very perfect to trade but in the current price there is price rotation, so it is not still conformed that where the price will move, break the trend and go up or take the resistance and move down. If the price goes below 879 so it will be confirmed that the stock will move down.
I will advise you not to take any action till the confirmation.
Nifty is trying to move up But, Gravitation pull back is strong
Direct fall Because of bad news. NEWS plays a very vital role in the market condition.
From Year 2008 Following the same channel till now.
Falling range 1260-7474 =" -6,214"
"Value area" it is called as where the trading most happen.
"No Trading Activity" is where no...
Channels are price ranges that a stock or other investment trades within over a period of time.
The chart above illustrates the key aspect of channels. They can reveal potentially important price levels, from a chart analysis perspective.
Chart users attribute these signals to the psychology of individual investors attaching significance to price points that are...
The stock momentum is slanting up-direction.
It break the direction with heavy volume.
At present stock is gaining the buyers volume.
Buyers are attracting in the present scenario.
But there is a strong resistance near the price.
In the conclusion I will say that because of the heavy volume Stock can break the resistance and go up.
But traders can not...
A parallel channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line.
The upper trend line marks resistance and the lower trend line marks support.
Channel Line: The line drawn parallel to the main trend line is called the channel line.
A key concept of technical analysis is that when a resistance or support level is...
Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
The main point of recognizing the pattern is to anticipate a significant change in trend from upward trending prices to downward trending prices.