Nifty 50 Indexמעודכן NIFTY BULLISH FLAG PATTERN (PART-3)/(FINAL INDEX UPDATE)
SUMMARY
-after almost three weeks later since our last post
-nifty has finally broken out of its flag pattern
-it was initially shared as whether the pattern as failed or still in formation
-and as per our expectation nifty after closing above 15045 has started a fresh leg of rally
OBSERVATION
Why this time the breakout successful?
-dashing rally from banknifty index was laying support for breakout
-bulltrap laid on expiry to capture weak-hand
-followed by forcing the shorts to cover through short-covering rally
-followed by aggressive buying and closing the week at the highest point
Nifty daily chart and weekly chart analysis
-daily and week have both given confirmation of bullish flag pattern breakout
-infact on weekly chart its clearly visible that index retraced only til 23.6% and revert back
-when retracement ends before 38.2% and starts to trend again it is considered as a strong bull scenario
hints and tricks
-technical analysis as a core fundamental believe that history repeats itself
-so with prove and support check out how the market rallied after it closed at the lowest point on expiry
-check nifty 24th sept 2020
-check nifty 15th oct 2020
-both the breakout ended crating 1000 rally on the upside
TRADE SETUP FOR NIFTY INDEX IN JUNE FUT
NIFTY FUTURES TRADE
BUY@15100-15150
STOP@14920
TARGET-1@15342
TARGET-2@15430
TARGET-3@15478
-TARGETS WILL BE REVISED UPWARDS AS PRICE MOVES UPWARDS
-ONCES PREVIOUS ALL TIME IS TAKEN WE ARE LOOKING AT LEVELS ONLY ONE CAN IMAGINE
NIFTY FUTURE FORCAST
-based on the assumption that the analysis we have worked on till now
-one can expect nifty to cross levels of 16500-17500-18000 in coming future
-some will laugh some will agree
-but the fact is the flag pattern on week chart indicates even a higher target
-this will be the final leg of our education series
-we have tracked the formation
-we have tracked the breakout
-sorry for posting late could have not done this earlier due to busy schedule
-my view is an independent view and not copied or applied from elsewhere
-hope you do the same and form your own independent view
-hope you learned from the educational series
"FOR FURTHER VIEWS AND LEARN CHECK THE LINK IN THE SIGNATURE BOX"
-after almost three weeks later since our last post
-nifty has finally broken out of its flag pattern
-it was initially shared as whether the pattern as failed or still in formation
-and as per our expectation nifty after closing above 15045 has started a fresh leg of rally
OBSERVATION
Why this time the breakout successful?
-dashing rally from banknifty index was laying support for breakout
-bulltrap laid on expiry to capture weak-hand
-followed by forcing the shorts to cover through short-covering rally
-followed by aggressive buying and closing the week at the highest point
Nifty daily chart and weekly chart analysis
-daily and week have both given confirmation of bullish flag pattern breakout
-infact on weekly chart its clearly visible that index retraced only til 23.6% and revert back
-when retracement ends before 38.2% and starts to trend again it is considered as a strong bull scenario
hints and tricks
-technical analysis as a core fundamental believe that history repeats itself
-so with prove and support check out how the market rallied after it closed at the lowest point on expiry
-check nifty 24th sept 2020
-check nifty 15th oct 2020
-both the breakout ended crating 1000 rally on the upside
TRADE SETUP FOR NIFTY INDEX IN JUNE FUT
NIFTY FUTURES TRADE
BUY@15100-15150
STOP@14920
TARGET-1@15342
TARGET-2@15430
TARGET-3@15478
-TARGETS WILL BE REVISED UPWARDS AS PRICE MOVES UPWARDS
-ONCES PREVIOUS ALL TIME IS TAKEN WE ARE LOOKING AT LEVELS ONLY ONE CAN IMAGINE
NIFTY FUTURE FORCAST
-based on the assumption that the analysis we have worked on till now
-one can expect nifty to cross levels of 16500-17500-18000 in coming future
-some will laugh some will agree
-but the fact is the flag pattern on week chart indicates even a higher target
-this will be the final leg of our education series
-we have tracked the formation
-we have tracked the breakout
-sorry for posting late could have not done this earlier due to busy schedule
-my view is an independent view and not copied or applied from elsewhere
-hope you do the same and form your own independent view
-hope you learned from the educational series
"FOR FURTHER VIEWS AND LEARN CHECK THE LINK IN THE SIGNATURE BOX"
עסקה סגורה: היעד הושג
TODAY WE HAVE REACHED OUR FIRST TARGETעסקה סגורה: היעד הושג
EXPECT TO BOOK PROFITS IN OPENALL TARGET TO BE ACHIVED TODAY
FURTHER EXTENSTION ALSO EXPECTED
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.