Nifty- How to get the timing right-to predict move ahead?

Nifty has been falling from 8893 top & made first low@8837 - I just waited to see the price action it retraced till 8885

I just took a trendline drew on that retracement from 8837 to 8885 (red trendline) - later when prices made a low 8715 & started moving up - I again waited but this time what I did I copied the red trendline & placed it at bottom of 8715 (yellow trendline)

Look the Magic Happened - It gave me killing time or near about a time when prices started falling or will fall- which was yesterday & here comes my Bang On Target Guys.

So, you can use such small tools, but effective one to crack the timing component of the instrument which you are tracking.


Regards,
Abhishek H.Singh, CMT

Trade active:

11:30 Hrs 29th Sep2016

Latest comments are mentioned below.

Trade active:

12:45 Hrs 29th Sep2016

Always read below comments also - I suggested that critical low shall be 8704-8706 -break of that is a trouble & going below 8690 -was definitely a pressure situation.

Hope so no one got trapped in buying as I asked to wait & watch.

Comment:

12:48 Hrs 29th Sep2016

This fall was compensated by Canara Bank Fall which we entered at top 315-316 zone