Unit of Technical Analysis
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resistacne @0.5 level yesterday and double bottom today.
similar double top was formed at top also
17711-17721 can be a good level for upward movement, with day low as SL
as it fors the 0.236 support level
Nifty Daily view
Resistance @50% level of range.
Nifty positive above the breakout levels
Nifty Daily view
Resistance @50% level of range.
Nifty positive above the breakout levels
Nifty weekly view seems Bearish
1. Trendline resistance
2. Evening Star
3. Resistance @0.236 level of weekly range.
GANN Cycles:
19th October’21- High: 18604.45
To (90 days Cycles)
18th January’22- High: 18350.95
As per Squaring of Time and Price we had 91 days (63 bars) up followed by 45 days down, so we had a low of
8th March’22- Low: 15671.45 i.e. 49 days (33 bars)
The low was also confirmed on Fibonacci cycle by completion 1.272 target.
Considering,
8th March’22- Low, we may get a 30 days low on
7th April’22 or maybe +/- 2-3 days.
Trade smartly. (Expecting a Gap filling)
Chapter 7: The 2-5-8 Support levels
2-5-8 pattern our next topic this Friday fr Webinar
7th March: completion of reversal, followed by Bullish engulfing on 8th March
Nifty 0.236 Resistance of Montlhy range @17922 level, please keep a tight SL
