NIFTY ANALYSIS

Jul 18, 2017

Hello traders,

I have shared some of my observations on NiftyIndex. I hope some part of this information may help you to build future plans of action.
Plz. correct me if you think some rectification needs to be done.

Hit like / comment if you think these observation can be useful.

Trade safe, stay healthy.

Best Regards
Bravetotrade

Jul 18, 2017

Note

Kindly notice:

1) Price trend to move in a channel inclined at 30
degree.

2) Historically, fib. time zones have been helpful in
predicting tops, although not precisely but
approximations were there. A major correction
occurred each time that zone was hit.

3) Market has respected 50% retracement mark
many times, expect this trend in future too.

4) 1.13 extension has been important for the
market and it also coincided with the fib. time
zone. If this pattern repeats, we can expect a
top in first quarter of 2019.

5) Currently the price is approaching an important
1:1 price extension. But we should respect the
price action before hitting the aggressive sell
button.

Jul 19, 2017

Note