#NIFTY in Regression Channel.
A rectangular consolidation around the central Line of Best Fit, with no such reversal characteristics on display yet.
For it to revisit the upper band, odds would increase only on a break above ~17450.
Else, it's a slippery slope.
More from Piyush Chaudhry
On the last two instances, when #Brent #CrudeOil crossed 90, NIFTY (in Blue - Left scale) underwent Correction both the times. This is the third such instance.
— Piyush Chaudhry (@piyushchaudhry) February 12, 2022
Below 90, NIFTY & Brent have had positive correlation, with 90 acting as an inflection point & causing the Divergence. pic.twitter.com/Q9dj8YFpuV
More from Nifty
Till it breakouts expect pendulum swings within this structure.
I am positive for 19300-20000 above 18350.
Bottoms 16800-17000 in place and 200dema at 16600. Dont see any big cut. @moneyworks4u_fa https://t.co/lceGFlDyRM
#Nifty taking a shape of triangle rather than CNH.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) January 29, 2022
Confirmation point is same 18350 and targets also same as below \U0001f447
Traingle /CNH whats in a name as long as targets and Confirmation point is same. https://t.co/vfM1odTd94
Low made 17129.55
Objective 0.382% (17181) #done.
If nifty not sustain above today and high and gap remain gap than more downside open till Fibonacci retracement
0.50%(16893) and 0.618%(16604
#Probability
#NiFTY_50(17475)
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe) (@idineshptl) April 17, 2022
Daily chart and monthly chart.
Dail chart show Fibonacci retracement level 1st 0.236% done.
Next objetive is to test 2nd 0.382%17181 during the entire week and close near to it.#MACD#RSI pic.twitter.com/Bt9bJuHDFh