Kinnari_Prajapati
Education

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

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 .
Do you have done similar forecast earlier say 3 years back. And when we compare with actual - how fir market has shown similar behavior ? Best Regards
Reply
@pcsharma14, I didnt get you,
Reply
good one
Reply
realy good.
Reply
Super analysis...
Reply
Kinnari_Prajapati Tradesupports
@Tradesupports, thank you
Reply
superb, really good prediction
Reply
DO THIS ON BANK NIFTY
Reply
Good work...
Reply
Wonderful. you are always great forecaster in long term charts.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out