Publishing herewith my idea about nifty for next quarter/month using weekly time frame, also giving some idea about day range
slightly complicated , will add some comments on saturday
slightly complicated , will add some comments on saturday
Commento:
monthly closing above monthly pattern range is the right way 4 pattern ranges
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dtd. Feb'28
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indicated monthly Inside candle and a monthly doji, if price breaks monthly ic level then doji high is next natural target
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monthly low almost on the range 16828, high 17800, let see where is the monthly close
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as per this pattern 17100 and 17250 (approx) are the 2 support levels for this month
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curve pattern valid till apr'17, important thing about curve pattern, mostly price try to break the curve as soon as possible to avoid sharp fall , try to run away as far as possible from this pattern till its validity, so many times results in a small rally
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omvats1
https://s3.tradingview.com/snapshots/f/FPoitpm9.png
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omvats1
:agree:
a retest
s3.tradingview.com/s...shots/s/sjfV4GSX.png
Commento:
in 15 min
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mkt opened gap up, so daily levels becomes invalid , left with weekly and monthly levels as we hv monthly closing today
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price opened above 17207 which acted as support
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and perfectly got rejected at above levels
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17379
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price perfectly followed the range?
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why i'm putting so much emphasis on quarterly candle
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a very simple way to get some range
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starting with a graphic,
any comments?
any comments?
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now we are going to enter in a new quarter but at the end of quarter we will also have end of 6 month candle
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why we got a monthly doji, intersection of higher time frames
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17102-17094 a quarterly price range, for this quarter, breached
17150-17190, normal day high range, will provide extended range in case price breaks it
price got support at weekly range
will update it with 4 hr range