Charts Pe Charcha

NIFTY - Wedge broken. Price on 20-hma. 2 big gaps exist below. The thick red line is the midpoint of the big gap - 23375.

NIFTY 20-MMA is at 24520. Today's high was 24400. So a pause and some retracement of the recent from 22180 is expected.

Upper bollinger is the wall for now. At least one of the two gaps will be fully filled before next up move.

NIFTY closed above 40-dma. Looks very bullish.

After a short pause, 20-WMA @ 24935 and 40-WMA @ 25060 is possible within this month.

40DMA + Upper Bollinger DONE

The gap is being filled. Nothing more.

24000 is a tough wall to break (time waste) unless market decides to jump over it with a gap up opening. Let's see.

NIFTY on weekly scale has a long way to go. Both 20 and 40 weekly averages are around 25000.

NIFTY on daily scale is reaching upper bollinger + 40dma

NIFTY already retraced above 38.2% of the entire fall, just short of 50%

retraced the full length of this ED of 9 days within 2.5 days!

NIFTY - a hell of a gap up after the painful downward ED ended

Since 2nd March, today is the first time Nifty filled a gap down.

Ending diagonal a-b-c-d-e finished

NIFTY fighting around the 40-month MA.

There's something called the 3-candle Rule: Daily Candles DH > PH (Today High is greater than Previous Day High) DL > PL (Today Low is greater than Previous Day Low) DC > PH (Today Close is greater than Previous Day High)