Altradr

Altradr

NSE:NIFTY Considering Global Markets, Indian Market and the price action we can currently consider following points: 1. Nifty made apparent double top which was confirmed with high volume breakdown. 2. We are currently in a consolidation phase for probable down move. 3. This is either ABC correction wave or ABCDE shaped triangle pattern. 4. 17000 has been a...

Altradr Updated 

Here on the chart few important points can be noted: 1. After down move from top Nifty made a low and started moving up. This downmove i think is impulse wave 1. 2. Yesterday(21-10-2022) market started moving up which is more of a part of index management and position roll overs for big players as well as potential trapping for others. This i believe to be...

Altradr

I see similarities in these 4 NIFTY SGXNIFTY BANKNIFTY & BITCOIN.

Altradr

Following points are to be noted here from this chart: 1. From 17-06-2022 market started moving in positive direction on a daily time frame scale. 2. First swing high(27-06-2022) and low(01-07-2022) when connected through Fibonacci retracement tool we get important levels of retracement which are probable supports and resistances. 3. Considering this...

Altradr Updated 

Nifty started fresh uptrend in August month. As of today i believe we are in the correction wave which is of type expanded flat. After some more consolidation Nifty is likely to continue its bull momentum to complete the wave 5. If the 17000 level is broken then this analysis gets obsolete. *Correction in past post:- End of wave 4 stays above end of wave...

Altradr

For short term this pattern could be true if nifty crosses neckline and sustains above it.

Altradr

Nifty started fresh uptrend in August month. As of today i believe we are in the correction wave which is of type expanded flat. After some more consolidation Nifty is likely to continue its bull momentum to complete the wave 5. If the 17000 level is broken then this analysis gets obsolete. *This Analysis is for Educational Purpose only.