Akshay15
Short

Warning!! Nifty Rally To End Very Soon.

NSE:NIFTY   Nifty 50 Index
504 7 4
I have drawn here trend line that goes as far as 1993. Nifty             now is trading very close to the upper level of that line. Past 2 times when Nifty             came touched this line it faced a decent correction. This trend line also gave correct signal to get out before 2007-08 bear rally. Nifty             Going above this trend line seems highly unlikely. It is wise to get out before everyone panics & tries to get out. Most Nifty             stocks have already corrected, it's just few stocks like Reliance             Industries, ITC             are supporting Nifty             , but how long can this continue. If you ask me it's just a matter of time & you will see Nifty             correcting several points from here be careful before going long, just think about the odds of upside to downside from here.
Good analysis. thank you
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Agreed, but to some extent. i have published a Post having different aspect. Think Helpful for other viewers too.


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It did not give crct signal brother. You have drawn it by connecting '93 & '08. But, yes it gave signal in '15
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Akshay15 koushikmall
@koushikmall, So what you think this time will happen?
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koushikmall Akshay15
@Akshay15, What is the interval of the candles?
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koushikmall Akshay15
@Akshay15, Anything might happen. We will know it only after it happens. Just follow the levels. No guessing!
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Akshay15 koushikmall
@koushikmall, You are right but precaution is better than cure as a trader.
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