Sumit Verma Profile picture
Passionate about markets, seeking trends.

Jun 14, 2017, 151 tweets

#Nifty50 Index chart shows "Step and Stairway pattern"

Classic Bullish Reversal #Nifty

HangSeng too showing Trend Continuation Bullish reversal pattern..

This isnt Bullish anymore.

Updated chart of #Nifty post reaction from medium term moving average. #TrendFollowing

8th time above 70 (14 day RSI)... is the index gearing up for an explosive move? #Nifty (Current Trend : Up)

Only 70pts up... 🤦🏻‍♂️ I thought it would be _ _ _ pts minimum.... Anyways. #Respect what market gives.

Its Bull Market and its #Friday. The question is whether Open=High of 9913.30 in #Nifty will stay for the day? #Friday close very important.

"Explosive" #NIFTY

#Nifty updated chart. Looks overbought now. "Negative close after a positive event".. not a good sign. Might take a breather.

A closer look at the chart. #Nifty

#NIFTY updated chart. Some pain witnessed today. Test of 2 month MA will be good as a pullback.

9 day survival above 10000 levels ended today. #nifty50

#Nifty updated chart.. a 'probable' time sequence may work. (may work.. lets see)

"Trend is not over until it says its over" - (2 month MA)

#NIFTY - 'probable' falling trend channel. Will wait for longs until reversal is confirmed. Until that happens, correction continues.

Before placing a "BUY" order, one must ask "Gap down below 50 DMA and a Weekly Largest bearish candlestick? are these Bullish sign? #NIFTY

#NIFTY - is the market price structure preparing itself for "BLACK MONDAY"? Whatever it may be, lets be prepared. #RiskManagament

#NIFTY's gap down close below 50DMA - Bearish sign for me. Top 500 stocks's 10 day Advance/Decline ratio is at .60 = Bearish signal.

Market reversed and re-aligned itself in the direction of previous trend. Hence, view changes to "Bullish". #Nifty (Crucial support 9750)

System signal reversed to Neutral. #Nifty #TrendFollowing

It is not yet a "NEUTRAL" and oversold chart. That would be "Buy" signal. Last three year System chart @WeekendInvestng

300pts correction in last 13 days.. is it significant or more weakness pending? Key reversal level on close above 9905. Support level -9470

@WeekendInvestng 3 /4 Timeframes r showing bearish signal based on Trend Following (system 2) on #Nifty. (Its better to be a system follower than ASTROLOGER)

It looks like it is not going to be a smooth ride anymore.
Non-Volatile Uptrending momentum has ended.

Updated #NIFTY chart. No clear view at current levels. However, anticipating a Bullish pattern to form.

@WeekendInvestng 3 out of 4 timeframes are now Bullish on #NIFTY

@WeekendInvestng #Nifty - Three out of 4 timeframes continues to remain Bullish - already up 90pts since signal. Weekly reversal is a #Bullish sign.

#Bullish Price pattern fairing well as of now. #Nifty

#Nifty : non-trending phase. No clarity on final direction yet. Failure of previous Bullish pattern.

@WeekendInvestng Trail SL hit with +30pts. Now 2 timeframes #Bullish and 2 timeframes are #Bearish. #NoTradeZone #Nifty

@WeekendInvestng Nifty Future retested Previous week's Average Traded Price and reversed (nearly 75 pts). It should now act as strong support. Lets see.

#Nifty Updated chart.

#Nifty and #Banknifty updated chart. No clarity abhi tak. #Nifty500 and #NiftyMidcap100 are #Bullish as of now.

#Triangle pe #Triangle .. When will it actually move? Be it any direction.. #Nifty

Movement since 8th August, 2017 - Grinding in nature. Now rallies are shrinking as well as Declines. #BigMove anytime.

#Nifty - Is the Big move done? I doubt. I maintain #Bullish stance. High probability of new unseen levels likely.

Update chart of #Nifty - Its been 30 day since the index hasn't made a new 52 week high close.

#AllTimeHigh today. #Nifty - uptrend intact.

Important levels for Trend change in important indices #Nifty #Banknifty #NiftyMidcap100 #Nifty500

Two indices made lower low, two indices havent.

#Nifty updated chart. It is still well inside the "minimum" price / time band post which market may see momentum.

#Nifty - 52 week high Breakout failure - warning signs. Need to see the otherside of the trend too. (If Closes below 10050 - cautious)

#History repeated. Again a 9 day survival above 10000 landmark went for a toss. #Nifty

#History repeated again... #Nifty

Apart from Midcap index, all indices fell almost exact number of points as they did earlier. #Nifty #Banknifty

"Non-Trending and Volatile period" continues. #Nifty still inside the minimum price/time box. Momentum only after that.

Interesting setups forming in all major indices.. #Nifty #Banknifty

Interesting setups yielding rewards. #Nifty

Updated charts - #Nifty - 9950 is now a strong support.

New Supports are now at 10015-10080 zone. #Nifty

New Support - 10120 for #Nifty

#Nifty new support: 10310
RSI (14): 70
Distance from 20 EMA: 203pts

Daily Trading range shrinking since last 4 days.

Updated charts of #Nifty and #Banknifty

#Nifty chart

#NIFTY and #Value index charts

#Nifty updated chart

#Nifty and #Value index charts. (possibility of a Lower Low failure?) Price action post #RBI policy will set new direction.

Updated chart #Nifty

Updated charts : #Value and #Nifty index

Updated charts : #Nifty and #Value index (Accumulation / Distribution signals have turned Bullish)

Updated #Nifty and #Value index charts

#Nifty and #Value Index charts.

Pattern sequence:
+802pts...-396...+316...-377...+296...-187....

Swing Contracting pattern...

"When the TIME is up, market must REVERSE."

#Nifty and ATP (Average Traded Price) charts

#Nifty #ATP #Value charts (Uptrend continues)

#Nifty - Big picture probability

#Nifty Weekly - Breakout

#December Expiry Options data - Bullish chart #Nifty

#Nifty charts

Updated charts:
#Nifty (Closing line, High-Low sequence and Steps)
#Value (Percentage high-low volatility)

Updated charts #Nifty

Updated #Nifty charts and Value index

#Nifty near Target level of 10800.
#Banknifty showing fresh breakout.
#Midcap100 - lacklusture
#Value Chart - overbought
#Step&Ladder chart - new Step Up

#Uptrend is strong but..

#Nifty breached Target and reacted..
#Banknifty is still showing fresh breakout.
#Midcap100 - formed complex H&S pattern
#Value Chart - showing increase in volatility
#Step&Ladder chart - new Step Up

#Uptrend is intact but..

#Nifty updated chart.

#Nifty Charts - Monthly, Weekly and Daily

#Nifty and other indices charts. Retracement of 100% price move in less than 50% of the time is not good as of now. #Trend of all indices are down as of now. Reversal only when Higher high with small retracement (higher low) is formed.

#Nifty charts in 3 formats (Candlestick, High-Low sequence and Closing Line). Multiple support region at 10400-10530.

Weekly charts #Nifty and #Midcap indices

#Nifty and #Banknifty charts (they are still in a downtrend, trend change decider or additional momentum to confirm in 1-2 days)

Updated Charts #Nifty and other indices

Monthly, Weekly and Daily charts #Nifty

#Nifty indices updated charts

#Nifty indices Updated charts

#Nifty 500 index

#Nifty 500 index halted at 200 EMA & 200 SMA.

#Nifty weekly and Daily chart

#Nifty index on Triple Timeframe chart

Monthly - Bullish
Weekly - Neutral
Daily - Bearish

#Nifty - Daily and Weekly

#Nifty 500 Index - Complex Head and Shoulder formation on large timeframe.

Bulls: Neckline support and 200 DMA support

Bears: Consecutive Lower Lows and Lower Highs and large distribution.

Lets see who wins.

#Nifty 500 index - gap down likely from neckline and 200 EMA... interesting scenario

Gap Down = Bearish Momentum
Break of 200 DMA = Breakdown from long term support.

#Nifty500 index has broken 200EMA with a GAP down. (not a good sign)

#Nifty charts - Downtrend channel is now getting steeper in daily chart. Weekly chart shows break of long term support.

#Nifty - all indices short term trend update. Trend has changed to up but bias is still down. Short trigger on new uptrend failure pattern only.

"Trend has changed to up but bias is still down."..... so bias worked today.. Pattern failures have stronger implications. #Nifty

Pattern did not fail eventually and Uptrend held up strongly.
Current Trend : Up
Bias: Up
Step & Ladder chart showing momentum.
#Nifty and #Banknifty

Trend following signals on Step & Ladder chart - #Nifty
#Trend is Up as of Now.

All type of charts in #Nifty are saying the same thing "as of now".
The TREND is Up.

High-Low Sequence chart
Step and Ladder Chart
Swing Line Chart

All indices on High-Low sequence charts.
Trend remains Up as of now.
#Nifty

#Nifty at Make or Break Level... 10500-10700 zone
Notes:
Upmove is slower than previous decline (swing high of 10632)
RSI went below 33 & now near 67
The recent rise is in 50-61.8% retracement zone (additional strength confirmation only above 61.8% level)

#Nifty and other indices

#Nifty daily & Weekly setups

#Nifty and Other indices.
Banknifty is outperforming while other indices are showing sell signals on short term timeframe.

#Nifty and Midcap Index chart : Largecaps are Bullish and Midcaps are Bearish.

Sign of Accumulation or Distribution? I guess a Higher High or a Lower Low sooner than later will confirm that.

Market Breadth data and Indices Chart of #Nifty and #Midcap100...

something is really boiling hard in the internals of market.

#Nifty and other indices weekly chart
Largecap in Uptrend vs Midcap in Downtrend,

Which trend of the above will be forced to change its course?

#Nifty and Other Indices Charts (the setup is weak unless market does otherwise)
Facts:
F&O stocks > 20DMA :31%
F&O stocks > 50DMA :37%
F&O stocks > 200DMA :46%
Today:
Up with Higher Volume: 48
Down with Higher Volume 101

#Nifty and other Indices (weekly charts)
Nifty - Change of Trend signal to down a week after the Midcap index
Banknifty - Trend is still Up but there is a breakout failure
Midcap - Trend is Down

#Nifty and Other Indices - Daily charts

Observation: Short term trend is down everywhere

#Nifty and Other indices chart update.

Nifty and Banknifty approaching major resistance levels while Midcap showing signs of a new Uptrend (still a nascent stage).

#Nifty and #Banknifty both reversed from (near) its resistance zones. Banknifty also gave a sell signal today (short term).

Lets see

Market breadth is Weak for #F&O stocks

#Nifty and other indices - Weekly charts patterns
#Nifty - Symmetrical Triangle
#Banknifty - Upward sloping channel
#Midcap - Downtrend with expanding triangle

#Nifty and other indices - Daily charts.
#Nifty - reversed from key resistances. Broke 2 day's low today; Short term sell signal
#Banknifty - Breakout failure and sell signal again
#Nifty500 - Downward sloping expansion & fresh sell signal.
#Midcap - Inverted Cup & Handle pattern

Flying KITE pattern in #Nifty. No clarity of major direction as of now.

#Nifty and other indices updated charts

Updated charts: #Nifty and other indices.

Nifty made a NR21 (narrowest range of last 21 weeks) in weekly chart.

75min chart #Nifty
Nifty has also broken Previous week's low (NR21)

#Nifty chart showing 5 distribution candles in same range.

#Nifty futures at crucial resistance zone (10770-10800).
High probability of a bearish reversal from current levels.

View changes above 10840 (Futures)

Flying Kite pattern in #Nifty is still unresolved.
#Midcap100 index is getting uglier.

#Nifty and Banknifty - Daily and Weekly chart shows Triangle pattern in both timeframes.

#Nifty closing Line chart patterns (Traditional analysis)

#Nifty in last 14 days : 0 points
High - Low range : 192 pts

#Nifty - Flying Kite pattern still unresolved.

#Nifty and Other indices.
#Nifty and #Nifty500 - Short term Triangle breakdown
#Midcap100 - Complex pattern breakdown

#Nifty and other indices - Updated charts.

#Nifty - Updated charts. Both timeframes are still bearish. Lets see how it plays out.

Ugly Cup and Handle formation #Nifty

Market Breadth data

#Nifty Midcap50 index - #Bullish

#Market breadth - Somehow I feel Bulls are just running away.. Price confirmation awaited.

#Nifty Smallcap100 index - Nail biting level.

Who will bite the Bullet? Bulls or Bears?

#Nifty data

#Probability of Midcap index.

#Nifty data update

#Nifty Smallcap index is up 4% in last 3 days.
Strong reversal from Long term Support trendline.

#Nifty all indices

#Market Breadth data

#Nifty chart : The only thing that is clear is that TREND is UP.

#Nifty and Midcap100 charts #Weekly and #Daily

#Nifty data

#Nifty chart

#Nifty data and charts

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