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As we can see despite hitting the untested demand zone, it failed to recover strongly and can be seen again trading at its lows and forming more like an inverted flag-pole pattern which is also a bearish continuation pattern hence we might see a sudden breakdown which can create a panic but may lead to a trap in bigger time frame so plan your trades accordingly...

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As we can see NIFTY has formed two strong green candle exactly from our demand zone as we analysed but 22800 level is yet to be tested hence despite the signs of REVERSAL, we may see NIFTY testing our demand zone creating another panic in the market before it finally REVERSES towards its new ATH so plan your trades accordingly.

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As we can see NIFTY did test our demand zone and REVESED strongly though it was due to HDFC bank good quarterly result but any which way it reversed exactly from our demand zone which was well expected. Hence we can stand by our analysis of buying the dip now till it closes below 22500 level so plan your trades accordingly.

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As we can see after much of whipsaws NIFTY closed in red which was very eminent, now following the structure we can see NIFTY heading towards our very strong demand zone around 22800 levels marked on the charts. Following the market sentiment which has gone into extreme fear, it could be considered as a great time to add at dips which are being offered at great...

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As we can see more like a W kinda pattern in daily time frame which is a sign of reversal hence long positions can be made keeping SL below the structure for last swings being the target so plan your trades accordingly and keep watching.

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As we can see NIFTY has formed more like a doji candle which shows signs of indecision but hasn’t yet tested our demand zone hence if this structure would have formed around our demand zone then we would have confirmed the trend REVERSAL but since the demand zone is yet to be tested, no aggressive buying position should be made unless this weekly candle is formed...

Wealthcam

As we can see despite the strong opening, NIFTY failed to sustain itself at higher levels and had been negative to sideways throughout the day. Following the structure, we can expect NIFTY to test its important demand zone around 22800 levels hence we can expect more of bearishness or sluggishness in the market before finally reversing so plan your trades...

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Following the global cues, we can expect NIFTY to open strong as the bank quarterly results has been good but only way to find out if it sustains or not! As if it sustains then we may see new Trend REVERSAL else it will lead to more volatility with new gaps that will be pending to filled so plan your trades accordingly and keep watching

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As we can see it has formed more like a doji candle which shows indecision after a straight downfall hence we can expect NIFTY to REVERSE from our given levels around 22800 so plan your trades accordingly.

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Looks like we are heading towards bottom for NIFTY as the trendline has been acting as a SUPPORT and strong demand zone from where new ATH and rally started hence new FRESH entries can be made POSITIONALLY as we can expect reaction and REVERSAL from these levels so keep watching and plan your trades accordingly.