Anant Parashar’s NIFTY & BANKNIFTY Updates
Did you get what chart is this?
Those who dont get it?
Just zoom in the chart.
See the fibonacci levels.
And then check what scrips are trading near that price
Just zoom in the chart.
See the fibonacci levels.
And then check what scrips are trading near that price
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Anant Parashar’s NIFTY & BANKNIFTY Updates
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This bounced off an upper FVG on M30 and 71% on the fib perfectly. I expected a deeper retracement. Will now have to wait PA to play out a bit and then we see how it dealing.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
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Same with this Scrip, bounced off from 71% fib and an upper FVG. Will see how it advances. Have seen a sharp bounce from this zone today.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
Massive Support (D1 Timeframe)
Still a Very Strong Support, But Structure is looking weaker. Tomorrow will decide how this goes.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
Head and Shoulder breakdown (D1 Timeframe)
This broke the 0.50 fib on daily with a candle close combined with a very structure. 0.618 and 0.71 on the fib should be next.
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out of the above two posted, the lower one is clearly more bearish and decisive. Upper one looks like it might need some time for a breakdown as its consolidating at 0.50 while the other one has clearly broken 0.50
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Anant Parashar’s NIFTY & BANKNIFTY Updates
Still a Very Strong Support, But Structure is looking weaker. Tomorrow will decide how this goes.
The strong support stood strong despite a weak structure this is yet to break 50% fib convincingly.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
This broke the 0.50 fib on daily with a candle close combined with a very structure. 0.618 and 0.71 on the fib should be next.
Retested 50% fib for the resistance and has rejected successfully. If it breaks the recent lows, it might head towards 61.8% on the fibs.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
Retested 50% fib for the resistance and has rejected successfully. If it breaks the recent lows, it might head towards 61.8% on the fibs.
Weaker out of the two, can expect more weakness in this.
Anant Parashar’s NIFTY & BANKNIFTY Updates
The strong support stood strong despite a weak structure this is yet to break 50% fib convincingly.
This one bounced massively from the support, not surprised.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
Retested 50% fib for the resistance and has rejected successfully. If it breaks the recent lows, it might head towards 61.8% on the fibs.
This failed to break the day's lows after my update and bounced massively, I am surprised but its retesting the neckline of the earlier breakdown. I am still not bullish. If today's candle break 38.20% fib and close above it, it will be massively bullish. For now this one remains bearish.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
This one bounced massively from the support, not surprised.
Retested the breakdown successfully, so far a rejection candle on the daily.
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Anant Parashar’s NIFTY & BANKNIFTY Updates
This failed to break the day's lows after my update and bounced massively, I am surprised but its retesting the neckline of the earlier breakdown. I am still not bullish. If today's candle break 38.20% fib and close above it, it will be massively bullish.…
Same with this one as well
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Anant Parashar’s NIFTY & BANKNIFTY Updates
Same with this one as well
Got the rejection as expected.
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