Updated

Gift nifty and important 1M and 3M levels

Gift Nifty took resistance from a trend line, also at a historic level, trying to give possible monthly and 3M levels

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blue lines 3M and white/grey 1M

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nifty future in day tf

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important monthly resistance so caution needed

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index after testing weekly line(light blue) almost closed at green (day line), again gap up opening and testing of weekly line, adding few more line including day line in next graphic

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weekly added

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5min

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nifty

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HDFC Bank

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gap down

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end of week

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weekly

green line(day)

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5min

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nifty closing

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to be safe at the start of new month, price must be above this red range, otherwise and price is at the last probable support, so, every possible try to be above the long trend line

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1st try not successful

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2nd try gap up

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lot ke buddhu ghar ko aye

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3rd try lets see

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again at the level, lets c , if able to close above it

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some scenarios where price makes a sharp upward move and acts as

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mostly all the line will act as resistance and support depending on the day opening price, monthly and weekly lines will also works on the basis of monthly and weekly opening price. lines above the opening price will try to act a resistance and below one as support, there is not guarantee that these lines will do the stipulated work, but surely an important caution point, i found the pattern range more then 70% effective that's why using these pattern ranges, 3M,6M and 12M many times works very effectively but having the larger time period, price might breach those lines initially and will close above or below at the end of that period, that's why lower time frames also has been provided, will try to give daily range on day to day basis

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apple and pattern lines

Apple closed above ascending trend line of a triangel

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started a new idea, pl. switch over

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GIFT nifty is got the support from weekly trend line

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pl switch over to the above new idea

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pl. click the centro of the idea for the latest analysis

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pl. click the above link for the latest daily analysis

omvats1

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