Nifty - What to expect from here?

Aug 15, 2020

Look at the chart carefully!! - What do you expect from here?

• Their is a formation of a bullish hammer pattern right after it touched the trendline @ 11,111.
• Now look how nifty reacted the last time it touched the same trend line. Hope you found how wonderfully it respected the line and never came back. So we can expect another touch on the trend line and a subsequent bull run to 10,500.
• Also look out for 10,300 since it will act as a resistance from now on.
  

So i am bullish on the market, atleast till 10,500. So now tell me, what are your thoughts ?

Aug 15, 2020

Note

I am sorry, numbers are a bit wrong.
Just remember that it is not 10500 or 10300. It is 11500 and 11300.
Thank you

Aug 15, 2020

Note

Their is also another thing to note that the market is likely to give a bull run after it touches 11080 levels and if it breaks down, you can expect another fall till 10800.
So look for shorting opportunity in reliance, banks, and telecoms as they will lead nifty the coming weeks. Also keep in mind the AGR case and it's Verdict as it will have a great impact on the market as a whole.

Aug 17, 2020

Trade active

Still running 🔥 🔥. Waiting to reach my target @ 11350

Aug 19, 2020

Trade closed: target reached

Wow. Target achieved. Wonderfull candlestick pattern.