"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
This is an update to last published idea " 35000 is waiting-Happy New Year"
Picture of last idea is placed in update below.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
This is an update to last published idea " 35000 is waiting-Happy New Year"
Picture of last idea is placed in update below.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Comment:
Take a look at highlighted area from chart published earlier under idea "35000 waiting Happy new year" - this is beyound technical analysis, a hunch, "history repeats itself" notion.
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Archimedes: Measuring implication of rectangle
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TIME TO BUY
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IF YELLOW SUPPORT BREACHES, BUY AT LOWER MAGENTA LINE.
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another buy opportunity at confluence
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Reason why Nifty was comparatively weaker than Bank Nifty:
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As per above chart, Bank nifty was previously stronger from mind novemeber to mid of january 2021. It remained at upper parallel waiting for Nifty to accompalish its goal to reach upper parallel. It is still strong and taking support from median line, while nifty zoomed pass the median line and will reach lower parallel. Bank nifty showing signs of reversal from median line. Change of behaviour is not on cards, cycle may may continure, the present correction is scheduled pullback, pitchfork may remain valid for another cycle.
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when i said "Bumpy", this was in my mind:
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REVERSAL ON CARD
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DISTRIBUTION - PHASE A AND B
