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Nifty analysis - Welgro corner |
dgr
White Belt
Joined: 06 Jun 2020
Posts: 8
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Post: #991  Posted: Wed Jun 24, 2020 5:42 pm Post subject: Re: nifty analysis |
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even breach trand line for some time hourly closing indicate uptrend intact 
Sir please forward chart Eod and hourly Chart in continuation
Thanks a lot |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #992 Posted: Thu Jun 25, 2020 9:56 pm Post subject: |
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TREND RESISTANCE :10580 -10600
TRADING RESISTANCE : 10367-10379
TRADING SUPPORT: 10220-10200
TREND SUPPORT: 9900-9888
Trend resistance: Nifty spot hourly chart upward channel pattern resistance line.
Trading resistance: Nifty spot hourly chart rectangle channel pattern resistance line.
Trading support: Nifty spot intraday candle runway gap at 10220 as well as hourly chart head and shoulder pattern neckline
Trend support: Eod chart rising wedge pattern support line…
Nifty spot it trade and hold below trading support then positional short sellers will build fresh short positions because nifty spot last week close is 10244.(weekly closing price is very Important for positional traders)
I am also recommend “Take fresh short positions with proper hedge”
As well as nifty spot if trade and close above our trading resistance then we will get swing bar reversal pattern confirmation. Bulls again will take charge. |
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dgr
White Belt
Joined: 06 Jun 2020
Posts: 8
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| Post: #993 Posted: Fri Jul 03, 2020 6:06 pm Post subject: |
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[quote="welgro"]TREND RESISTANCE :10580 -10600
TRADING RESISTANCE : 10367-10379
Today Nifty Spot Closed 10607 above 'Trend Resistance'
What Next |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #994 Posted: Mon Jul 06, 2020 9:01 pm Post subject: |
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Nifty spot Hourly chart reading analysis
TREND RESISTANCE :11250-11272
TRADING RESISTANCE : 10869-10884
TRADING SUPPORT: 10725-10714
TREND SUPPORT: 10618-10603
Trend resistance: EOD Chart Wedge pattern
–ve breakout trend line
Trading resistance: channel pattern upper trend line.
Trading support: wedge pattern breakout trend line now act support.
Trend support: previous day gap.
Nifty spot now towards our pennant breakout target 11K.
Good support at our Trading support level. |
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dgr
White Belt
Joined: 06 Jun 2020
Posts: 8
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| Post: #995 Posted: Fri Jul 17, 2020 3:40 pm Post subject: |
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[quote="welgro"]Nifty spot Hourly chart reading analysis
TREND RESISTANCE :11250-11272
TRADING RESISTANCE : 10869-10884
TRADING SUPPORT: 10725-10714
TREND SUPPORT: 10618-10603
Now closed above treading Resistance to achive Trand Resistance and Target
Just Superb Analysis Sir |
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DR21
White Belt
Joined: 18 Oct 2018
Posts: 8
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| Post: #996 Posted: Tue Jul 21, 2020 8:25 am Post subject: |
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TREND RESISTANCE :11250-11272
TRADING RESISTANCE : 10869-10884
TRADING SUPPORT: 10725-10714
TREND SUPPORT: 10618-10603
Nifty spot now towards our pennant breakout target 11K.
Seems tgt will be achieved by today or tomorrow
What is the next plan of action ? |
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dgr
White Belt
Joined: 06 Jun 2020
Posts: 8
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| Post: #997 Posted: Tue Jul 28, 2020 9:08 pm Post subject: |
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TREND RESISTANCE :11250-11272
TRADING RESISTANCE : 10869-10884
TRADING SUPPORT: 10725-10714
TREND SUPPORT: 10618-10603
Nifty spot now towards our pennant breakout target 11K.
 Achived Sir now
next move ?? |
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