460 views
I am just new bee. This is my bearish view i think SL 8843. or reversal from 8843 zone may confirm.
I couldn't draw parallel lines so used pitch fork. I couldn't represent well in graph but expect 7100 k levels by june 2017.
May be UP elections? or Mr Trump ? I see the 2-3-4 is very impulsive.
I wish it shouldn't happen.
I am not CMT and not class room training on EW. Its on my self learning.
I couldn't draw parallel lines so used pitch fork. I couldn't represent well in graph but expect 7100 k levels by june 2017.
May be UP elections? or Mr Trump ? I see the 2-3-4 is very impulsive.
I wish it shouldn't happen.
I am not CMT and not class room training on EW. Its on my self learning.
Comment:
Primary
(0)-9119.20 - March 2015
(A) - 6825.80 - March 2016
(B)-8968.70- Sept 2016
Intermediate: (1) - 7893 Dec 25 2016 ; (2) 8843 - March ;(3) 7104 (4)7515
(C)- 5257.98 - Sept 2017
(D)- 6133.71 - March 2018
(E) -3840 - March 2019
SL-8843 Lets see.
(0)-9119.20 - March 2015
(A) - 6825.80 - March 2016
(B)-8968.70- Sept 2016
Intermediate: (1) - 7893 Dec 25 2016 ; (2) 8843 - March ;(3) 7104 (4)7515
(C)- 5257.98 - Sept 2017
(D)- 6133.71 - March 2018
(E) -3840 - March 2019
SL-8843 Lets see.
Comment:
I see the comments and want to state on fundamentals : we are EM. I see Russia and other countries are more attractive for FII and others. I am pro indian please dont mistake me.
I am seeing the facts and recent report also says that 23.3 is higher valuations and you see the Forward PE for Nifty is 16.6 say worst case 17. So may be 2012-2014 prices would be ideal for index
I am seeing the facts and recent report also says that 23.3 is higher valuations and you see the Forward PE for Nifty is 16.6 say worst case 17. So may be 2012-2014 prices would be ideal for index
Comment:
Changing SL - 8904
Comments
WHILE MONTHLY CHART SHOWS UPTREND IN NIFTY, HOW THIS IS GOING TO HAPPEN IN COMING MONTHS ? POOR CHANCES ONLY
Reply
as per chart calculation looks correct , 8843 is right stop loss , big chances to happen same .
Reply
Your stop is perfect, 8857 acts as a breakout for the month. But present valuations supports index to sustain at these levels. Next week likely to close above 8857, once it happens then within no time nifty will test all time high. I regret your view, nifty is in long term bullish.
Reply
@asnv.santosh, Valuations? : Current Index PE is 23.3 ; 20-25 is time on need to book profits i added image for reference
Reply
Absolute Nonsense .The stock market of a country mainly reflecting its economic health and growth,Do U think Indian economy will shrink to Enron by 2019.According to your chart India become Somalia by 2019.
Reply
(A)