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Chart the weekly data for the NIFTY for the 2010 through 2015

Posted: 09 Oct 2019 06:39 AM PDT

Chart the weekly data for the NIFTY for the 2010 through 2015 time period and was obtained following patterns;

We can easily understand the uptrend, downtrend, or sideways trend during that time. These all pattern are repeating time to time. We can also identify them while trading. Short-term traders sometimes practice what is called event trading. This is when either a news announcement is due, a surprise news announcement occurs, or a holiday is soon to occur. Holidays are seasonal, We will update soon very deepest research for identify future developing patterns.

Charts reflect market behavior that is subject to certain repetitive patterns. Given sufficient experience, some traders will uncover an innate ability to use charts successfully as a method of anticipating price moves.

Some analysts are now using pattern-recognition systems and other sophisticated computerized methods, and early results have demonstrated that, indeed, many of the traditional chart patterns have some predictive value. Charts have other uses, however, if only to quickly observe the history of prices. The benefits of chart use outweigh the problems associated with their interpretation.

The post Chart the weekly data for the NIFTY for the 2010 through 2015 appeared first on Moneymunch.

Technical Chart patterns on nifty data of 2005 to 2010.

Posted: 09 Oct 2019 12:21 AM PDT

Following patterns are found for data of 2005 to 2010 (5 years data) on weekly candle chart.

Patterns are repeating again and again. Price Rotation, Overlapping, Tails etc are using for entry, exit and protective stop.

The post Technical Chart patterns on nifty data of 2005 to 2010. appeared first on Moneymunch.

Chart Patterns for NIFTY, data of 2015 to 2020 weekly candles.

Posted: 08 Oct 2019 10:45 PM PDT

Following patterns are found for data of 2015 to 2019 (5 years data) on weekly candle chart.

Head & Shoulders pattern is still uncompleted with right shoulder. The neckline target is 10063
At the remarkable zone, its has highly price rotation detected with tails
As per channel pattern, the range is 12600 to 10900. The gravitating target 12000 for nifty.

Conclusion, break 10900 below nifty can draw more downward.

The post Chart Patterns for NIFTY, data of 2015 to 2020 weekly candles. appeared first on Moneymunch.