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Nifty: Kya lagta hai... ...Naya High Marega... Follow Up

NSE:NIFTY   Nifty 50 Index
Nifty

Back in August, 04th August 2020, to be precise, we had put forth this scenario that Nifty could potentially make new highs in the next 6 months.... At that point it seemed crazy, ridiculous, impossible, but come November, we are in the 4th month and here we are, Nifty at a new high...

This is what we had said back then...

by trading above 10551 for a month now, as I see it, the structure seems to have changed... The new structures seems to suggest that Nifty might be heading towards 14200 odd levels in possibly next 6 months

Yes that's what we said in August, when no one thought it could be a possibility... but Technical Analysis and historical price behavior helped us envision this scenario way ahead...

You can read full detail analysis, here, in the link below....



View posted on 04th August 2020


If you remember, Nifty recently made a low of 11535 on 30th October, 2020...

The importance of 11535 is highlighted in our article posted on 18th September


That's what Technical Analysis can do for YOU...

If you have read the above 2 articles, you would understand, why doing your homework (analyzing before trading) is critical to improving your chances of winning trades... and staying ahead of the curve!!!


Remember my Lines...
No can time the Market... but when time comes one can surely make the most of it...


Cheers & Happy Learning...!!!

Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

Comment: https://in.tradingview.com/chart/wsYTG1A...

This is what the chart looks like now...

Time to be cautious...!!!

Take care & safe trading
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