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Unit of Technical Analysis

Unit of Technical Analysis

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Nifty & BNF Index trading Education @chetanpathare80 Disclaimer: NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES. NO CLAIMS RIGHTS RESERVED. NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.

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Bought again on bullish divergence

20220706_132641.jpg4.04 MB

Closed the upside trade on rising wedge signal

our next Webinar topic: Unit of Technical Analysis Chapter 7: the 2-5-8 pattern

Chapter 7: The 2-5-8 support Pattern

Nifty 2-5-8 Pattern
Nifty 2-5-8 Pattern

Nifty: 2-5-8 pattern

15864 - 16002: 140 points

taking support at 1.618, 2.618 currently
taking support at 1.618, 2.618 currently

Yesterday's Rising Wedge, before the fall

nifty rising Wedge
nifty rising Wedge

rising wedge coaution

15969 another critical level

quite a congestion, Big move around 125-150 points expected

Volumes still missing

Hopeful Trend Backtesting for Nifty
Hopeful Trend Backtesting for Nifty

we have got good support at bottom for upward movement

15905.6 is 50% of yesterday high and low there after.

good chances of going upto 16075 today