Index is following the patterns

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Gift nifty is following the curve pattern and a channel, perfectly got resistance from mid of the day channel, this is in continuation with the previous idea, further analysis will be given in the comment section

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perfection of a pattern

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perfect channel

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again a weekly doji, so all body points are relevant

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for curve 19400 to 19750 imp. range

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another channel

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nobody like this idea, so not worthy to be continued , will try a fresh idea next week . thanks

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not focusing on gift nifty but one of the participant noticed it , thanks for him

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after 3 hrs

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perfect weekly closing

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curved pattern perfectly followed closed at the line

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breaking the pattern

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Happy dusshera

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breaching the day inside bar level , deserves a strong movement

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different dimensions of the same trade

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weekly inside bar

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i give due weightage to inside bar along with with doji , MA's and BB ,especially ,weekly and monthly tfs, but it works only 80% of time, in Gift weekly candle breached the weekly inside bar level before the weekly close but at the end close above it

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new week

also the monthly closing

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posted this on 23rd, dark steel grey line showing the monthly levels alongwith white,

index took support here also close above the weekly level 19115

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new month , closing this idea

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nifty closed within the small range

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took resistance from mid channel

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09-11-23

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19378 perfect support 😊

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not many interested so closing this idea , thanks

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a very good day for option buyers

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chart posted before the week start

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this time used only weekly and monthly line, price opened above the weekly line, a natural support for me but breached it due to the pressure of bank nifty , but gift recovered now testing the weekly inside bar level

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trying to close at weekly inside bar level

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perfect weekly closing, above weekly line and below weekly inside bar, a doji

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closing this analysis no more further update

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a scenario

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pattern ranges

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closed this analysis earlier, but due to sudden surge in price continued it, now closing it, thanks for the support

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some levels tradingview.com/x/lZSKgZYy/, red lines 12M levels

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green lines almost worked perfectly

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light blue is a weekly line, price is testing it for the last 3 days

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almost perfect closing near day line(21092)

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opened above weekly level (light blue) tested the high of a 12M level (red), closed near a day level ( green), almost perfect 😒

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today opened above the 12M level which acted as resistance earlier

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21020 weekly line acted as support, now at a weekly line

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above one' r extended month range 1, and extended day range, above it weekly range, 12M range and finally monthly extended month range 2

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if , continue with pattern

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finally closing this idea will start a new one , thanks for yr' love and support

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Gift nifty reached an important monthly level

new idea

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nifty

omvats1

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