As per many chart or technical analyst, once the price brakes the long term resistance or makes new higher high , the area of projection is done based on using Measured move tool , here i am just trying to apply the same made simple understandable chart so lets see how the market plays in my view Nifty should make this move in next six months Regards
Trade active
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I am starting to believe the price will make 11,500 , there are many views in consideration , time factor is one which can not be gauged , rest lets see what happens , During my last post when Nifty was 8900 i had posted Nifty will make 9800 that time one idiot messaged me that i am mad , i thanked him and wished for his health and wealth , again after this post another person messaged me its not going to go , i have no arguments with any one who so ever think what ever , but this information is purely my person view Regards Reply
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Prepare for 11500 Regards
Comments
Kanha
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Amen
Parasuram
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agree with you! but it is not gonna be one way ticket! there are gonna be corrections! 10% /20%/30% ... but to talk fundamental... Nifty PE is in a bubble territorry.. It can burst when Nifty is nearing 10600.... lets us wait and see.... but one should be long on the markets unless clear reversal signals are there
shiv2798
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@Parasuram, Yes sir, Most of stocks are fully bulged , there will be correction ,
Thanks
Regards
shiv2798
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I am starting to believe the price will make 11,500 , there are many views in consideration , time factor is one which can not be gauged , rest lets see what happens ,
During my last post when Nifty was 8900 i had posted Nifty will make 9800 that time one idiot messaged me that i am mad , i thanked him and wished for his health and wealth , again after this post another person messaged me its not going to go , i have no arguments with any one who so ever think what ever , but this information is purely my person view
Regards
hotpot64
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@shiv2798, I agree it will go, and yes exact time frame can not be gauged, with in 6 - 9 months hopefully.
ms555
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Puch rahe ya bta rahe ho? Agar bta rahe ho tab to nahi janne walla!
kacharts
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i dnt think so in 6mnth its possible but yes it is possible but not in 6 mnth this is what i feel. 20% upmove market core movement depends upon companies earnings and results are out . corporates earning need to be constantly good for 2 - 3 quarter to move nifty 25% and banks performance need to improve more (especially psus who r facing through many bad loans pblm like videocon, monnet ispat , ivrcl n many more) and when after gst generally inflation increases which wil force rbi to squeeze liquidity out of market for short term which will be again for short term and in this way we will be in process of making j curve in which market wil go down first(not now may be it will make a short term top near 10000-10500, that will be timely notified) after making a significant top and then it wil move rapidly . so it should take at least 3-4 quarters.
* i can be completely wrong ;personal view..
shiv2798
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@KumarAbhilash, No sir , You are right , Your views are very true , the idea of publishing the chart is only to measure the Possible range , yes there are possibility that the price may not move and may fall in consolidation , but surely your views have a grate vision , lets wait and watch the movement
Regards
kacharts
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@shiv2798, thanks sir and dnt wait n watch move with flow lets see where market will go and sometimes i believe we have this complex disease named 'analysis paralysis' ( i m also )predicting unnecessary , why cant we just move with flow . we havent seen any strong reversal signal yet. so i believe we should stay with the flow wherever market takes us whether 11k or 12k .
extremly sorry if my statement hurt someone . :p
alokom10
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@KumarAbhilash, well said bro please share your nifty view aswell..