January 4, 2016

 
  • 4 Hour shows a possible support line.
  • 15 Minutes shows strong trend below the cloud. Bears remain strong till price stay below 15 Minutes cloud


  • Nifty is getting resisted at the recent swing high of 7972 level. Last chart shows a possible inverted heads and shoulders pattern. Price need to stay above 7700 levels for this possibility to remain strong. retest of recent lows are possible if  7700 levels are not held. Speed of the current fall may also be a concern for bulls. Intraday needs to stay above 200 Hour SMA shown around 7810 levels for a possible reversal to happen.
  • nifty support and resistance levels
-->

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore