NIFTY day chart analysis - Channel and 200 day SMA

٨ مايو ٢٠١٩

200 day SMA and channel bottom support coinciding as shown.
A crucial level hence a bounce or break could be highly decisive in determining the direction of NIFTY in days to come.

For now we are on wait and watch mode.

١٤ مايو ٢٠١٩

ملاحظة

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Moving towards the channel bottom as plotted.
Lets wait and watch to see what happens here before we take any position.

١٥ مايو ٢٠١٩

ملاحظة

Moving as plotted

١٧ مايو ٢٠١٩

ملاحظة

So far Nifty moved exactly as per our previous analysis. Finding support at the channel bottom. The bounce could be a temporary one and it could come and re-test the channel bottom again.
Currently on wait and watch mode.

٢٢ مايو ٢٠١٩

تم فتح الصفقة

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NIFTY is still trading within the channel.

11050-10950 is going to be a crucial support. IF this support is broken then there could be a huge sell off towards 10450-10030

STAY AWAY FROM TRADING for next couple of days!

٢٢ مايو ٢٠١٩

ملاحظة

"Trading active" selected by mistake. Please ignore

٢٣ مايو ٢٠١٩

ملاحظة

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Channel top going to offer string resistance. Watch out!

٢٣ مايو ٢٠١٩

ملاحظة

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Channel top going to offer strong resistance. Watch out!
Retail traders enjoy the show by not trading for couple of days :)

٢٣ مايو ٢٠١٩

ملاحظة

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Nifty facing strong resistance exactly at the channel top as mentioned above!

٤ يونيو ٢٠١٩

ملاحظة

Facing strong resistance t the channel top.

١١ يوليو ٢٠١٩

ملاحظة

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