NSE:NIFTY Index of the 50 listed India companies
This is not a trading idea, sharing this road map to share possible future moves of NIFTY .
I have applied the toll on weekly chart, on we can see that price is responding to tool's lines and curves. We can hope in future also price will respect the tool :-) . We can use such charts not to trade but to take overall idea and use the lines or curves to exit or part booking of profits.
Have added indicator in chart, I am using indicator not for trading but to bring objectivity in identifying price ore market structure. This (structure analysis)can be used individually or with any other analysis.
The old analysis with demand and is attached in idea.