NIFTY View - Way Forward

29 Feb

NIFTY :

Blue line - Struggled to close above this

Black Lines - Channel support/resistances

Orange Lines - Immediate Supports

2 Mac

Nota

Super Bounce :

Closed above blue line .

6 Mac

Nota

Retested the Support (earlier resistance), bounced strongly from there.

6 Mac

Nota

Blue Line

13 Mac

Nota

Trendline Broken (Black dotted extended line)

Now, Focus on support(s) (Orange) below:

15 Mac

Nota

Broke the Trendline (extended black dots) , tried to retest (extended black) but failed.

15 Mac

Nota

Point of concern is this Inverse Flag Pennant (Black) , Next session, this might breakdown and then focus to be on orange supports ! Let's see... market Supreme

19 Mac

Nota

As anticipated, Broke down! Market Supreme

28 Mac

Nota

Current rejection from Trendline (Black dots extended)

4 Apr

Nota

Opened GAP Up for all time High BUT rejected from resistance (Extended Black line) :

8 Apr

Nota

Watch Out ! Attempting to break trendline (extended dotted black)