shiv2798

Range Bond before Last Correction to start Bull trend

NSE:NIFTY   Nifty 50 Index
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5
I am Expecting another few weeks of range bond and then sell off to certain % , and expecting the reversal Near 9800 , My previous chart also explains the same , I am looking the reversal on weekly before the start of Bull market of Year 2018
Lets see how it unfolds
Regards
Comment: You have seen so many Examples , its just an another addition to it
Well price can show some activity near 10144 but eventually price has to correct till 9800 for going longer term trend trade
Comment: so far 10554 to 10090 , Lets see where it will turn around ,
Comment: Made my target , well i had posted few other charts , market tend to change direction for short term , but on larger time frame you can get to make your target
Covered m short selling form 10554 to 9980 , well its not moving fast so l prefer to close it

Comments

Hi Shiv,
Appreciate the detailed explanation given below, very good, thanks.
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shiv2798 Michael-w2rj
@Michael-w2rj, You are welcome sir
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Hi
I looked at charts and think nifty can come to 9000 - 9200 levels by year end, before it can cross 11000 again.
I don't have technical expertise like you, so please help me and inform, is there a possibility that it can come to 9000 - 9200 ?

Thanks
Reply
shiv2798 hotpot64
@hotpot64, Hi Sir, Yes its coming down ward , but not sure about 9000-9200, but it will Bounce back well before that , since its a time consuming trend i Just cant explain , so far what Nifty have trended was Quite faster than any Indices in the world , due to change in Government and other additions of change in the TAX Structure , No body have imagined this fast movement , Now almost DII are dominating the Scripts , This correction is being taking place only to allow FII to enter at better price level , FII means Government is Getting Foreign investment and they are all time bounded 5 years +, Government is also planning to scrap P notes , P Notes are being misused , so lots of changes are underway so its time biting period for everyone , Patience will give exact entry level and no need anyone advise for investors ,
Best regards
Reply
hotpot64 shiv2798
@shiv2798, Thanks for giving detailed review. Have a nice day ahead.
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