NIfty July month expectation and analysis
i am expecting a test down of 15178, 14887.90, 14680 levels before 18th july
current market price as of 5th july is 15810
18july to 5-8 august might be a consolidation and momentum divergence period only if above 15178-14887-14680 level are sustained
will buy on based on momentum divergence of macd or rsi (best will the double bottom bullish divergence)
NOTE;
this levels are drawn based on previous data considering 4th april 22' high
this analysis is only based on technical factors no fundamentals or news are factored
level and support resistance are drawn from schiff pitchfork, trend based fib time, trend based fib extensions
THIS IS JUST MY POV
NOT AN SEBI REGISTERED ANALYST
JUST A SELF LEARN ENTHUSIAST
current market price as of 5th july is 15810
18july to 5-8 august might be a consolidation and momentum divergence period only if above 15178-14887-14680 level are sustained
will buy on based on momentum divergence of macd or rsi (best will the double bottom bullish divergence)
NOTE;
this levels are drawn based on previous data considering 4th april 22' high
this analysis is only based on technical factors no fundamentals or news are factored
level and support resistance are drawn from schiff pitchfork, trend based fib time, trend based fib extensions
THIS IS JUST MY POV
NOT AN SEBI REGISTERED ANALYST
JUST A SELF LEARN ENTHUSIAST
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