Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

Trader’s Roadmap Jan, 2022 – What I expect on Indian Market?

free nse nifty 1h chart tips

The upcoming market moves will destroy 80% of traders’ investments. We are sharing with you NSE’s perspective that will be helpful in January 2022.

free nse nifty 1h chart tips

NIFTY: Bullish Triple Zigzag (1H)

The spot nifty hourly chart at an exciting juncture. The juncture isn’t easy to identify the next turn for beginners. Where will upturn sustain?

Below levels are very crucial. That will help you make a new position or create a trade setup on Nifty.

The first observation should be on the trend. And it is down by looking at the above chart (left to right). The price is defining a lower low. And that is W, Y, and Z. Moreover, the low high is similar (1X and 2X). Hence, I have chosen Oct 18605 high and Dec 16410 low. Wherein come out Bullish Triple Zigzag corrective pattern formation.

Are you expecting a continuous downtrend? Then look at the equality ratio. That gives you resistance levels. And after the ending of the point of the Z wave, ((w))=((y)) at 17574.

Furthermore, the level of 17600 is equal to waves A and C, but the 17503 level is the first upcoming resistance A = C | 0.789 ratio.

Trend Reversal Key Level:
Reconsider the wave count at 17640 lower high.

According to the current market situation, the Nifty price is under 17640. It’s a direct sign of downtrend moves. And the first target will be the 17077 level.

Nifty traders must look at this DJIA chart.

Can you see the new high on DJIA? Further information I will update you soon.To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

4 Comments

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *