MAYA_MUMBAI
Education

NEVER BLINDLY SHORT THE MARKET - MY FIRST NIFTY POST

NSE:NIFTY   Nifty 50 Index
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17
1403 41
i read many post to get ready to short the market , Hence i am giving my humble views

In the chart here, i have shown 2 supports

1) Horizontal Support

2) Trend line support

Unless and until - these supports are broken - Never short this market

3) mac-d on weekly and daily time frame is positive

4) Price is above 200 ema

These are just my observations

Critics are welcome to criticize !!! :)



Comment:

hope the above weekly charts - and drawing of parallel trend lines gives more clarity
time to short it !
Reply
@kulkarni911

i prefer public chat rather
+3 Reply
hello madam , I shreeKrishna , how do you do this trend line , or can i know how to place it , i use only channel , high low , i live in Powai n you madam ??
+3 Reply
MAYA_MUMBAI ShreeKrishna
@ShreeKrishna,

Drawing a trend line is simple ,

more points it meets - more weightage it carries
+1 Reply
MAYA_MUMBAI ShreeKrishna
@ShreeKrishna,

For study purpose , you can see the three parallel lines above

concentrate on the middle line drawn

In the initial path - most of the price was above it & in the later half below it & at present it is concentrated on the middle line - indicates indecisiveness

Let the market decide - then we can decide !
+2 Reply
ShreeKrishna MAYA_MUMBAI
@MAYA_MUMBAI, Thanks Madam
Reply
entire plotting is wrong in my view, i cant encourage on wrong plotting dont know what amazing others felt and yes i can be wrong but as per my understanding and experience entire plotting is wrong.
+7 Reply
French_Fries KumarAbhilash
@KumarAbhilash, here comes boy abhi dropping truth bombs.
+1 Reply
MAYA_MUMBAI French_Fries
@French_Fries,

life is a game , Play it -

but play safe - without bombs !!

:) :)
Reply
MAYA_MUMBAI KumarAbhilash
@KumarAbhilash,

I agree this is not a classical way of drawing a Trend line

and i also do not advocate the same for beginners

As the time passes - you tend to deviate from the elementary practice

Anyway - The title says it all - that it is not yet time to short ! -

one of the reason why i posted this & many must have appreciated - is the fact that most of the posts were to short the market ,

In-fact as proved today - its not yet time .

The reasons were many as pointed in the chart - Not only trend line
Reply
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