If we closely watch hashtag#Nifty50 weekly setup look like multiyear breakout re-test and in daily time frame in panic case price may be test near 24300 because of AVWAP .
After a strong down trend finally price ready for Trend Reversal above 751
After multiyear uptrend near life high price construct a Cup & handle chart pattern and break the neckline . Normally after this type of pattern price maximum time continue the trend and previous swing low act as a Stop loss .
After multiyear consolidations finally price break the range testing its 200 week SMA . Now price ready to test Multiyear high . Previous swing low act as a stop loss
After Multiyear Consolidations Finally Bajaj group test its 200 Week MA and Ready to Outperform.
Because of Global Selling Nifty also Crash 3% but high probability price now stable because of Anchored VWAP Support near 23700
In year 2007 Price break multiyear resistance with Monthly Hammer and move up to 37% and This setup looks like repeat in 2024 .
Multiple times price bounce from AVWAP and nifty50 price follow a rising channel and today bounce rising channel lower boundary , above todays high nifty may be test its upper boundary .
Price always follow a channel and last 22 years banknifty/nifty ratio chart follow a uptrend channel and finally price trading near channel lower boundary . that mean high probability bank nifty outperform Nifty .
After Multi Year Consolidations Finally Gold break the rang and ready for upmove .
After Multiyear Consolidations finally price break the major resistance with Big cup & handle pattern . Chart invalid point below 255.
After Multiyear Under performance finally Private Bank Sector ready to move . This sector now Trading near 10 years support and high probability this support may hold and trading near very low risk zone .
After the multiyear down trend finally price out from multiyear supply range with heavy consolidations . High probability this stock price continue its outperformance in near future and previous weekly swing low act as Exit Point .
After 7 years of down trend finally price break the multiyear resistance and price ready to touch its life high because larger the consolidations stronger the move . Previous weekly swing low act as a exit point .
Larger the consolidations Stronger the move . After Multi Months Consolidations finally price break the range and high probability price test the level near 300 after the todays breakout .
After the 9 years of price wise corrections finally price break the multiyear resistance and strongly weekly close above the resistance and this type of chart setup may be price continue its upmove .
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern—the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom . As...
After price establish a uptrend when pullback Anchored VWAP act as a Support . Exactly today price bounce from this Level .