Mighty Nifty is forming a line!

Dec 19, 2016

As I have mentioned in my previous post, Nifty has almost reached the first target I mentioned. I mentioned the first target is 8092, today Nifty reached 8095. According to Dow's theory, line formation indicates movement. If it takes long time in forming line, the movement will be very strong. If you have short Nifty at 8130, use trail stop. Targets are same. 8092, 8066, 7954 and 7923. I am expecting this movement to happen within this week. Happy Trading !https://in.tradingview.com/chart/QtD56IkU/

Dec 20, 2016

Note

First target 8092 reached!

Dec 20, 2016

Note

From 8130 to 8066 we have reached our second target!

Dec 22, 2016

Note

Strike 3! All targets visible in the chart above reached!

Dec 26, 2016

Trade closed: target reached

My first analysis about and you smiled at me, my dear mighty nifty. Thank you...