I have also put 3 test cases for Future Learning that I will share with My Students later Inshaa ALLAH. Under all those Test Cases, Index should show Positivity in Upcoming Days (may be tomorrow or onwards). But Tomorrow's Closing is Important to see. Either it fails or play (as expected), there would be a lot of New Learning (for me atleast) Inshaa ALLAH....
Though Bearish Divergence is appearing on Weekly Tf; but no Bearish Candle yet & crossing 425, it may hit 445 - 450. However, Friday's Closing is Important. It may retrace up to 358 - 370 & a Good Bounce is then expected. That may be considered a Good Buying Opportunity. & if 355 is Broken, we may witness 290 - 295.
GHNI has successfully completed its Weekly ABCD Pattern around 590 - 595. However, there is No Bearish Divergence Yet on Bigger Time Frames. Monthly Closing above 592 - 595 would be a Positive Sign. However, it should retrace upto 540 - 550 once for a Good Upside Rally again. Breaking 500 may bring further Selling Pressure.
No bearish divergence yet, however, there is a resistance around 79 - 80 initially.
Currently Near Channel Bottom around 935 - 940. Either it should bounce from 932 - 935 or otherwise breaking 930 would open ways towards 827 - 830. As mentioned many times in my earlier analysis that the Bullish Momentum would resume only if it Crosses & Sustains 1200 - 1250 atleast.
No Bearish Divergence yet on Bigger TF. Strong Support around 36 - 37 which is being respected. Immediate Support seems to be around 38.30 - 38.50 Immediate Resistance is around 45 - 46 & then around 56 - 57. Crossing & Sustaining 57 may lead it towards New Highs.
Retraced upto Golden Pocket of Recent Bullish Rally which is actually a Healthy Correction. Now, it should take Support from 23 - 23.10 & touch 25 - 25.50 initially. To Start its Bullish Momentum again, it needs to break 27.50 atleast.
660 - 665 is a Strong Resistance for now. Monthly Closing above 660 is Required with Good Volumes for its Further Upside move. If this level is Sustained, we may witness 750 - 770 & then ABCD Pattern will be in play if 775 is Crossed & Sustained with Good Volumes, targeting around 1000+ On the flip side, 590 is an Important Level that should not break on Monthly basis.
Monthly Closing above 58 would be a positive sign. It is Currently at a Very Good Support & it should bounce from this level towards 60 - 62. However, Next Support levels are around 55 - 56 & then 49 - 50. More Positive Momentum will start after 71 - 72. Initial Resistances are around 63 - 65 & then around 82 - 83.
Evening Star formation on Daily TF. However, it is still Bullish on all Time frames. It is currently at Make-it or Break-it sitaution. Next Support is around 17.90 - 18.50 On the flip side, 24.50 is an immediate resistance.
Still Bullish on Bigger TF. But the Bearish Divergence is not letting it move upside. However, it is currently near its Trendline Support. It should bounce from 95 - 96. & If 91 - 92 is broken, we may witness 85 - 86. On the flip side, Crossing above 104 - 105 may lead it towards 114 - 115 initially.
Monthly Candle as of Today (21-01-2025) is DOJI which is actually indecisive. (Neutral) Index is Bullish on Bigger TF. (Positive) Hidden Bullish Divergence on Daily TF (Positive). Broke the Trendline (Negative) but Possible Re-Testing around 118000 (Positive). Weekly Bearish Divergence. (Negative) Weekly & Monthly Closings are Very Important.
Double Bottom with Bullish Divergence. 34 (if sustained) can be a Good Entry Point with a Stoploss of 31.
Bullish on Monthly TF. Has taken Support exactly from 0.5 fib level. However, 70 - 71 is an Important Resistance. If 71 is Crossed with Good Volumes, we may witness 74 - 75 & then 80. On the flip side, should not break 63.40; otherwise it may touch 56 - 57.
Though Bullish on All Time Frames & also has a Very Strong Monthly Bullish Divergence, But Currently at a Very Strong Resistance around 8. Either it should Sustain 8.15 or it should once retrace upto the range of 6.35 -5.75 for a Good Upside Rally. Upside it has the potential to touch 9.35 - 10 and then 13 - 14 initially. However, it should not break 3.5.
Made a Double Bottom around 92 - 93. Immediate Resistance is around 107 - 108. If 112.20 is Crossed with Good Volumes, we may witness 120+ & then if 128 - 129 is Sustained, 150+ is on the cards. On the flip side, it should not break 87
Hidden Bullish Divergence on Daily TF. However 35.50 - 36 is an Important Resistance Zone that should be Crossed with Good Volumes. Slight Resistance will be seen around 38 then.
Cup & Handle Formation along with Ascending Triangle. Good to Buy at Mentioned Entry Point.