DAILY CHART
WEEKLY CHART
WEEKLY CHART
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MONTHLY CHART
- Nifty daily chart's raising wedge is getting closer to its apex. Another week of consolidation by staying within the boundaries of the wedge will make a perfect set up for a big correction.
- Weekly charts are also trading close to the top of the trading range.
- The weekly stochastic indicator is not showing any weakness. Keep a watch on the %K line which can give an early warning if it moves below the %D lines.
- The month chart is shown with the Fibonacci retrace levels of its fall from 6357 to 2252. And Nifty is trading close to its 78.6% retrace levels at around 5478 region.
Dear Sir,
ReplyDeleteFantastic and wonderful analysis of nifty.godbless you. THANKING YOU
WITH KIND REGARDS'
MAHAL
Thank you K.K
ReplyDeleteHi San,
ReplyDeleteReally like your putting charts into patterns.
Few points:
1. Weekly chart till has not formed the kind of candles we see at the top for reversal.
2. Daily chart showing hardly any place for movement.
It looks like 5540 is almost certain. Therefore the next week should show daily sideways movement with minor breaks in the downside channel of the day chart.
All the best!
hi san thanks for the charts....can u give a review of the daily chart sos....seems like it is more imp now...
ReplyDeleteThanks Rajib and Wormwood, Will try to review the daily charts.
ReplyDelete