It has been observed that a curve drawn from the bottom in DEC 2016 is acting as a resistance for Nifty on hourly chart.
We can expect this curve to act as resistance going forward. So you can use the chart/idea as reference and use it along with your existing trading system.
Regards tRex Chief market analyst at Jurassic Park
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Another set of double curves.
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NIFTY opened at the curve resistance today. Lets wait and watch if the resistance holds good.
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NIFTY broke the curve resistance and now acting as support
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The bigger curve now acting as a resistance for Nifty. Support levels are 9785-9825-9855
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Nifty hit 10135 as per the targets given on our YouTube video on Jul 09 when Nifty was at 9665. (Nifty made a high of 10136.3 today)
Nifty took a bounce on the curve... Lets see if it is able to hold Nifty...
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The curve top acted as a good support today!
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Nifty currently getting trendline support. Lets see if its capable of holding!
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The trend line seems to have provided good support. But we need to wait and watch if it is capable of holding Nifty for days to come.
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Nifty currently has curve resistance at 10030-10035 range for intraday
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Nifty made a high of 10028.65 so far at intraday level! Just near the resistance zone 10030-10035
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Yesterday the curve acted as good resistance... Lets see if Nifty is going to break this resistance
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Opened above the curve and took support on the curve top
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A possibility of a new all time high and a fresh rally now is high.
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Nifty bounced on the curve top today. Lets see if it could hold as good support
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Nifty bounced on the curve top again. So far its holding as good support
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Intraday traders can look forward to shorting Nifty below today's low (10043) with a target of 10000-9980
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Intraday traders can also look forward to buying Nifty above 10070 with a target of 10100-10120
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Intraday buyers can go long now that Nifty has crossed 10070
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As per our plan Nifty above 10070 went to 10100 and made a high of 10115 (very close to our 2nd target 10120) The curve has acted as good support so far for last couple of trading sessions. We need to wait and watch if its going to hold in upcoming week
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Another set of double curves supporting Nifty. As long as these curve supports hold we can remain bullish on Nifty and expect an all time high in the upcoming week
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Upon extending the double curve its remains more relevant