TradingView
The_Cannalyst
Aug 21, 2018 6:54 AM

Is it time for a break? 

Nifty 50 IndexNSE

Description

s3.amazonaws.com/tradingview/snapshots/e/EYwoQDk9.png
This is the Follow up from my former analysis:


Strong- stronger-nifty!
We reached my TP, analyzed 05 July:

s3.amazonaws.com/tradingview/snapshots/i/IMEqfFEg.png

The green counting reached its upper resistance, the upper edge of the bullish-trendchannel. RSI is still overbought, so i exspect a healthy consoliation wave the next days, perhaps could the former BreakOut -level at ~ 11.200, a possible TP from this exspected consolidation.
In the shortterm, nifty should not fall below 11.490: s3.amazonaws.com/tradingview/snapshots/u/UffhHdCO.png
The shortterm rest-potential is 11.740 s3.amazonaws.com/tradingview/snapshots/o/oBasazuJ.png
At present i see more risk/potential on the downside in the shortterm view, but the rest-potential of the running up-wave could be still 11.700, respective 12.000!

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YES! Short below last low

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great

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yess!!!

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yihaaaaaaaaaa

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reached both TPs from the shown H&S! Cheers!

Trade closed: target reached

Trade closed: target reached

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remember my ultra long term view

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sorry, i meant this one:

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conter chance? RSI says YES

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Has time come for a counter move?m

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remember my weeklys view de.tradingview.com/chart/DfPoW8JN/

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Comments
jackson_philips
Wow.. Just wonderful Analysis and presentation.
The_Cannalyst
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