January 30, 2017

  • Intel daily, Weekly and Month time frames are testing crucial resistance line.
  • Week closing above 38.45 will favour bulls for a major breakout.
  • Weakness on week closing below 36 levels.
  • TESLA Weekend Update
  • SILVER Weekend Update
  • GOLD Weekend update


  • Nifty 15 Minutes nearing the cloud. When the trend is strong cloud in this time frame usually acts as support.
  • One hour chart shows a Bearish candle at the top and the current move against the trend happening. Bulls will remain strong above 8600 levels.
  • Last is the 5 minutes time frame which shows crucial levels for the Day.
  • ICICI Bank Price Volume Action

  • Nifty month closing above or near November month candle high's will keep the bullishness intact. This can also complete a possible morning start pattern Although this is not the appropriate place for the pattern It shows further bullish possibility.
  • But one warning for Bulls is the Overbought RSI in daily time frame. So further bullish bet from here would be risky one.
  • ICICI Bank Price Volume increase before quarterly results.


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