TraderGangwar63

TraderGangwar63

Nifty 50 is in trap mood be aware price can trap both side up and down in 30 min time frame price is bearish trend here interesting part is how market will fall after trap

TraderGangwar63

Here we can see Bearish Channel pattern breakdown If price Break 830 Level then price come into uptrend and price can go upside 800 level is resistance level here also we can see a small bearish channel pattern overall price is seem Bearish

TraderGangwar63

-Price is taken multiple support from trend line it may b breakdown now -price is going up side without any pull back here a pull back is pending

TraderGangwar63

Price has given breakout of resistance trend line Price has also given breakout of consolidation zone It looks like price is trying to come into uptrend from short term downtrend (Price is still in uptrend in 1 day time frame) If price breaks the resistance zone then it will be confirmed that price will come into uptrend Let's see what happens

TraderGangwar63

Here we can see a range where price is spending past few days my view is bullish 1- Bullish Flag pattern breakout 2- price is spending time near resistance zone

TraderGangwar63

here we can see that bank nifty price is on very important zone - Price is on measure trend line ( price can take support from here ) -price trend will be sort term down trend ( if price break down measure trend line )

TraderGangwar63

Point of view trend seems positive till bottom trend line breakdown price resistance on upper trend line - price also spend some time on upper trend line - its positive sine for up move

TraderGangwar63

Nifty 50 time frame 1 hr making rising wedge pattern that is bearish pattern . if price break down of support 3 level there should be a correction

TraderGangwar63 Updated 

There are many bearish indication 1- Price is on life time high resistance level 2- there is a rising wedge pattern ( Bearish sign) if price breakdown rising wedge pattern there we can see a correction.

TraderGangwar63

Here you can see breakdown of rising wedge pattern but here we can also see a range which is in yellow box . if price stuck in this range then Rising wedge pattern breakdown should be fail.