January 21, 2017

  • Price action shows weakness at 20 Week sma.
  • Daily chart shows possible support at the GAP and 200 Day SMA. Bigger weakness if these levels are not held.
  • Last chart shows price testing cloud base in one hour time frame. Nifty bears need price to stay below the cloud for bigger correction to follow.


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.


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