veerakarthikeya

veerakarthikeya

Nifty continued to trade in a channel after making an all time high and the gap of the all time high is still left unfilled. there could be a chance for it to fill those gaps. On the 1hr chart we can see a flag and pole pattern with a fakeout and we can also see that it is respecting the 19480 - 19500 level after the fakeout making a double bottom. nifty has...

veerakarthikeya

BN has tested 44800 multiple times and respected that level, as the support kept rising from 44800 the resistance was constant at 45000 - 45079 levels. this a range of aprox 250 points. on the daily chart drawing a fib from the recent low to the all time high we can see that the market has successfully tested the 0.618 golden level and has had a formation of...

veerakarthikeya

on daily chart fin too support from o.5 fib levels, and the double top pattern neck line is still not activated as the 2nd candle did not continue the selling momentum in the next candle in daily time frame. 20080 is an only level and a neck line of the descending triangle pattern on breaking of this level we can see 20164 and 20200 levels on the same day