#repost
#NIFTY in Regression Channel.
— Piyush Chaudhry (@piyushchaudhry) April 30, 2022
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. pic.twitter.com/4OT7JM1TJY
More from Piyush Chaudhry
More from Niftylongterm
- 5.i done as LD at 16793.
- 5.ii done at 16347 and Nifty rises to 17000+
- 5.ii.a or w done at 16347, irregular correction or complex correction may play out for next 5-7 trading sessions.
Buy the dips. https://t.co/l4Iqp7patS

#Nifty hrly - 2.a done and 2.b should ideally be done tomorrow below the previous high.
— Harsh / \ud5c8\uc26c (@_Harsh_Mehta_) June 6, 2022
With RBI MPC meeting outcome on 8th (I suppose), sets up perfectly for a 3rd wave in major 5th (considering that my counts are right). https://t.co/LXG2SCg3bY pic.twitter.com/Ya2D35VV8F

#Nifty perfect reversal after filling the gap and testing the middle of the channel.
— Trendline Investor (@dmdsplyinvestor) June 28, 2022
Waiting for Nifty to take out that major horizontal resistance and then we can see a good short term rally. https://t.co/m3hwcWno9q pic.twitter.com/WhhLPc9JaC

If we are to continue LH-LL setup & break 16666 on daily we will finally complete this drag near 15214. I am not bearish. In fact, this should give amazing opportunity to buy. Until then 16666-17300 continue to provide L-H range for traders. pic.twitter.com/tfIq00VJmZ
— Ameya (@Finstor85) May 2, 2022
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