NIFTY View - Way Forward

29. Feb.

NIFTY :

Blue line - Struggled to close above this

Black Lines - Channel support/resistances

Orange Lines - Immediate Supports

2. März

Anmerkung

Super Bounce :

Closed above blue line .

6. März

Anmerkung

Retested the Support (earlier resistance), bounced strongly from there.

6. März

Anmerkung

Blue Line

13. März

Anmerkung

Trendline Broken (Black dotted extended line)

Now, Focus on support(s) (Orange) below:

15. März

Anmerkung

Broke the Trendline (extended black dots) , tried to retest (extended black) but failed.

15. März

Anmerkung

Point of concern is this Inverse Flag Pennant (Black) , Next session, this might breakdown and then focus to be on orange supports ! Let's see... market Supreme

19. März

Anmerkung

As anticipated, Broke down! Market Supreme

28. März

Anmerkung

Current rejection from Trendline (Black dots extended)

4. Apr.

Anmerkung

Opened GAP Up for all time High BUT rejected from resistance (Extended Black line) :

8. Apr.

Anmerkung

Watch Out ! Attempting to break trendline (extended dotted black)