I will show you some basic ideas about nifty for next week. Firstly check out the time frame sheet and its impact time.
Daily Chart / EOD chart : For 4-10 days
Hourly Chart : For 1-3 days
30 mnts chart : For same day to 1 day
15 mnts chart : For Same Day
5 mnts & 3 mnts chart : For same day
Daily chart, Nifty shows some positive trends from here because of zero line reject or ZLR on the woodies formula, as seen in the chart below. This could be for an uptrend on Nifty within 2-3 days. This type of chart always shows a strong uptrend as per the chart.
Now nifty index running at the 18500 area. Now the question is what will be the target if it maintains my woodies' tricks rules. My personal projection is near 150 points to 250 points from here. So be ready for the said level.
This is the most important information that if you think that this target will get quickly, then it will be a wrong idea for you because this chart is on a daily basis chart which takes some extra more time to show it's trend.
60 mnts chart showing some up move possible that already confirmed a strong horizontal line as per show chart.
30 mnts and 15 mnts, both charts show a neutral impact. Let's see the next direction. If the down trend continues then you must have a look at the 18350 level or last low as major support.
Comments
Post a Comment