Nifty- Believe it or not 10000 coming till March 2018
Yes friends you heard it right its Nifty which is going to touch 10000 in a year till March 2018. :-)
But how and what is basis of talking about this big target i explain-
See the Chart friends, Nifty formed the cup and handle mentioned in blue arcs in the chart from Jan 2008 to Feb 2014 and gave a breakout at point A in mar-2014, from there it gave a massive move of almost 43% in a year till point I in Mar-2015.
The same similar setup pf cup and handle is formed in nifty from there on and it had given the breakout at point B, yes again in march-2017. So on calculating the move it can be expected that it will give the similar move till next march-2018 and a move of 12% is expected from here based on calculations.
Points to be noted in this-
1) In both the cases Nifty is above 200MA and also 50MA.
2). See the Charts patterns in both Cup & Handle u will get surprise that a similar pattern is there on broad view.
3).Same chart patterns are repeated by forming a W pattern.
4).Above all timing is also same March.
"Timing is same + Pattern is same "
So what u think friends will history repeat and a good move is coming from here.
I think yes what's ur view..
But how and what is basis of talking about this big target i explain-
See the Chart friends, Nifty formed the cup and handle mentioned in blue arcs in the chart from Jan 2008 to Feb 2014 and gave a breakout at point A in mar-2014, from there it gave a massive move of almost 43% in a year till point I in Mar-2015.
The same similar setup pf cup and handle is formed in nifty from there on and it had given the breakout at point B, yes again in march-2017. So on calculating the move it can be expected that it will give the similar move till next march-2018 and a move of 12% is expected from here based on calculations.
Points to be noted in this-
1) In both the cases Nifty is above 200MA and also 50MA.
2). See the Charts patterns in both Cup & Handle u will get surprise that a similar pattern is there on broad view.
3).Same chart patterns are repeated by forming a W pattern.
4).Above all timing is also same March.
"Timing is same + Pattern is same "
So what u think friends will history repeat and a good move is coming from here.
I think yes what's ur view..
Trade active:
Keep watching Nifty consolidating for a biggy...
Comment:
A very nice time and movement analysis done by Sir Einstein15 on my chart.
Trade active:
nifty moving as predicted..
Trade active:
Nifty moving 9342 till now ..10000 coming soon keep watching....
Comment:
nifty 9600 till now...
Comment:
nifty 9900,,... how much more left?
Comment:
predicted on 12 April @8900-9000 range when no one thinking for 10000...in 3 month its going to achieve the dream target..
Trade closed: target reached:
**Nifty- Believe it or not 10000 coming**
NIFTY 10000...
A great journey of nifty, within 3.5 month touched the golden five digit Mark **10000**.
More to come keep watching...
NIFTY 10000...
A great journey of nifty, within 3.5 month touched the golden five digit Mark **10000**.
More to come keep watching...
