Kinnari_Prajapati

Nifty long-term chart analysis give a story from 2000 to 2020.

Education
NSE:NIFTY   Nifty 50 Index
Following patterns are found for data of 2015 to 2019 (5 years data) on weekly candle chart.

  • Channel pattern
  • Flag Patterns
  • Currently running Head and Shoulders pattern
  • Remarkable zone 1, 2 and 3
Head & Shoulders pattern is still uncompleted with right shoulder. The neckline target is 10063
At the remarkable zone, its has highly price rotation detected with tails
As per channel pattern, the range is 12600 to 10900. The gravitating target 12000 for nifty .

Conclusion, break 10900 below nifty can draw more downward.

History may not repeat itself, but Chart pattern gives you data points and insights to understand how the market can behave in the future.

Weekly candle chart for the spot NIFTY from 2000 to 2020 until the present. Patterns, uptrend, downtrend, or sideways trend, etc are drawn. We have divided this data in 5 years data chart. Comparing the four charts that We have generated, conclusions was written. There're many similarities and difference was found. We can get clear picture of NIFTY for next price move.

Case 1 (2000-2005)
Lot of time and brainpower attempting for technical analysis .

Case 2 (2005-2010)
Technical Chart patterns on nifty .

Case 3 (2010-2015)
Chart the weekly data for the NIFTY .

Comments


Read the whole analysis
+1 Reply
REALLY SUPERB ANALYSIS.GREAT INSIGHT VIEW ON NIFTY.
+1 Reply
Kinnari_Prajapati KavinRathinasamy
@KavinRathinasamy, thank you
+1 Reply
sagarkandekar929 Kinnari_Prajapati
@Kinnari_Prajapati, do patterns in market changes with change in time
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Excellent!!
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this is one of the many best analysis out there.
do check my work :). by visiting my profile
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will you please give your recent views on NIFTY 50?
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Will mkt start going up from Monday
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Great painstaking effort! Hats off. Really honoured to be associated with you for your knowledge and its application!
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