NIFTY with SCHIFF PITCHFORK

24 сент. 2017 г.

NIFTY monthly chart as seen after drawing SCHIFF PITCHFORK .

WE can observe few things here:

1) The median line is very strong support and candles in the past clustered around the median line before a bounce.
2) Whenever Nifty went to the +50% line (upper half) it reversed. It happened 2 times, i.e late 2010 and early 2015 (marked for your reference)
3) Most of the times NIFTY has been trading in the upper half of the pitch fork .
4) The angle of inclination of the median line is apporx 14 to 15 degrees indicating slow and steady growth over the years.

24 сент. 2017 г.

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More observations and suggestions are most welcome :) _/\_

17 янв. 2018 г.

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This chart suggests Nifty could see more upside in days to come

22 янв. 2018 г.

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Nifty moving towards the +50% line!
Lets see if its going to touch it this time again. If it touches then is it going to break it or bounce back.

30 июл. 2018 г.

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Nifty moving towards the 50% line

5 окт. 2018 г.

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pitchfork still valid

14 окт. 2018 г.

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Moving towards the median line