Hi,
we are seeing the negative movement of the index, since, the start of october' 2024, nifty future got resistance from a 12M trend line earlier, now got the support from a 12M tl, under resistance from another trendline
index formed a H&S and got good support from the neck line but under the resistance from the 2024 mid level, index is above the 2025 opening level , but below the falling trendline, so resistance is there
previous month bank nifty monthly mid bollinger also helped the nifty, acted as a strong support
there is a -ve MACD split/crossover in the monthly tf, also for the nifty and the banknifty ,index is below the weekly 50 MA
you are going to find the patterns followed by the index in different time frames in the below graphics , with lot of information
hope you will like it
thanks
we are seeing the negative movement of the index, since, the start of october' 2024, nifty future got resistance from a 12M trend line earlier, now got the support from a 12M tl, under resistance from another trendline
index formed a H&S and got good support from the neck line but under the resistance from the 2024 mid level, index is above the 2025 opening level , but below the falling trendline, so resistance is there
previous month bank nifty monthly mid bollinger also helped the nifty, acted as a strong support
there is a -ve MACD split/crossover in the monthly tf, also for the nifty and the banknifty ,index is below the weekly 50 MA
you are going to find the patterns followed by the index in different time frames in the below graphics , with lot of information
hope you will like it
thanks
Nota
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levels in day time frame Nota
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12M idea posted at the start of 2024 
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progress of the 2024 idea 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.