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Unit of Technical Analysis

Unit of Technical Analysis

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nifty price above bollinger band
nifty price above bollinger band

another 50% retracement in the market

that mkaes it 50% retracement of the day

marekt will keep on moving at a slow pace currently, no squeeze in 30-60 minutes idenitifed til now..

we are now at 0.236 level of range for today... global rally gives benefit for upside movement

On the gap up opening today
On the gap up opening today

hopeful 2nd reversal of 50% range onwards

around 200-250 points expected move, Trade wisely

16311 is 0.237 level, once it sustains this level, we can see good upside

got a 50% retracement for the day

again a 30 mins Bollinger Band squeeze in progress

Nifty reversal Chart if any
Nifty reversal Chart if any

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16275.5 last weeks high

break this in upside direction can give us good upside movement

Top a nice Rising Wedge is formed
Top a nice Rising Wedge is formed

+ a Bollinger Band squeeze in 15 mins so should give us a 120-150 points move. Let's check for direction now