NIFTY Current Position is long bought on December 1 at 17179 Action for 3 December continue long and reverse to short if NIFTY closes below 17289.50
Use the Weekly levels as mentioned in Related idea :(Nov 29-DEC 3 levels). ( Sentiment not published due to less likes )
Methodology to get Swing number for positional : Take NIFTY close price of last 10 days and identify the Polynomial equation. Yt = B0 + B1t + B2t^2 + Ut (2nd Degree Polynomial example). if B1 > 0 and B2 >0 Increasing if B1 >0 and B2<0 Inverted U Shape if B1<0 and B2<0 Decreasing if B1 < 0 and B2 > 0 U shape Data I pro grammatically find the value of NIFTY that changes B1 and B2 to change the shape. The degree of polynomial needs to change to 5 or 6 for accuracy , Historical validation ,customized volatility and standard deviation , Fibonacci ratios are other things i use on top of this.
Hope all of you have benefited from the sentiment chart. if there are less like i will not post the sentiment link. Use the sentiment link as SUPPORTIVE ONLYand not PRIMARY signal to SELL or BUY. ******** Trade what you see and not what you assume **********
I tried to work around the concept and for tomorrow i think it will be a U shape Data.... will wait for ur prediction
AstroAnalytica
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@VJ_Stock_Market_Analyst, inverted U or just U. U is when we move from down to up. Inverted U is when we move from UP to down. Currently we are in uptrend . Now find a value to get inverted U for reversal.
@VJ_Stock_Market_Analyst, use Linest function in excel to do it in simple manner later use goal seek to find the high level number which changes the slope. This is first step . Later we need validate using regression algorithm in AI to match with past data
VineetJain_TradingSiksha
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@Kiranks07, yes using LINEST only i got these results
Ghannu23
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Thanks and appreciate your efforts, i would request you to publish the sentiment also by considering your true followers who are giving likes every time!