What is happening and what likely to happen.
تم تحديثه
I will try to cover starting from weekly chart.
Gradually try to proceed to daily and hourly chart.
Now convnicingly trading above 20 weekly average.
and is at important resistance level and as per present trend it is
likely to over come this.
H&S break down once negated as shown in the chart.
In reality in bullish market H&S break down never matterilizes
and bearish harmonic matterns get negated.
now the level 18096 is important.
and the vertical rise of nifty suggests more up side in coming days.
As in a single chart I can't cover other time frames,
I will try to cover them in updates.
so please don't stop here .Go through the updates
Gradually try to proceed to daily and hourly chart.
Now convnicingly trading above 20 weekly average.
and is at important resistance level and as per present trend it is
likely to over come this.
H&S break down once negated as shown in the chart.
In reality in bullish market H&S break down never matterilizes
and bearish harmonic matterns get negated.
now the level 18096 is important.
and the vertical rise of nifty suggests more up side in coming days.
As in a single chart I can't cover other time frames,
I will try to cover them in updates.
so please don't stop here .Go through the updates
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Please go through my posts of bank nifty ,itc and other stocks published earlieryou can get faultless analyis
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This is based on pitchfork which is a nice tool and when it is correctly used it capturesthe move nicely.On several posts in trading view I have used this and only sometimes it disppoints.ملاحظة
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Gap shown in the chart normally happens in third wave.two levels now already has already been touched one level is still left.the arrow at that level coincides with thewith the level of pitch fork too.so we can expect it to be touched
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the above type of is normally don't get filled upملاحظة
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In five minute time frame ,have shown the possible countsملاحظة
You can follow my bank nifty charts published in trading view and how I had captured the bottom and how has been my analysis.Now a days normally I don't post the chart of nifty here.
Please do connect with me by followiing me and liking my posts.
That will only encourage me to post further.
ملاحظة
Happy trading.ملاحظة
ملاحظة
nifty touches the target.
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