#NIFTY SPOT 15.10.2020 BEARISH ENGLUFING PATTERN FORMATION
A complete “U” turn from the benchmark Nifty50 as it fell close to 2.5% in today’s session. No respect for the immediate support of (11,780-11,800) as the index cuts through and retraces gains of past six trading sessions. Thanks to this sharp sell-off one aspect is now confirmed - our rising channel has yet again proven itself as a strong source of resistance....
trader who want to go long must watch that video...it really help
I have described the complete market cycle of elliott on the weekly chart of nifty as well as two model structural development which are Motive and corrective. Now that I've reviewed all types of waves, I can summarize their labels as showed in the nifty chart. If you have any query regarding to my chart or mistake in it, let me know throughout the comment. thank you.
AS PER MY ANALYSIS I THINK GAIL HAS COMPLETED ITS ABC CORRECTIVE WAVE AND NOW IT WILL GO UP
MGL GOOD TILL IT HOLDS 800 LEVELS
posted earlier .. it seems bharti may cross this trend line briefly to touch the support line if it does so I think one can buy it for investment. don't forget to like my post. follow me to get updates. go through my earlier post attached here with.. this post is for educational purpose.
beware if you are still long in it
POSTED THIS ANALYSIS FEW DAYS AGO WITH A BUY SIDE EXPECTATION NOTHING HAPPENED AS PLANNED . WHY UST BECAUSE THE MARKET PRICE DEPENDS ON FUNDAMENTALS AND NEWS .... WITHOUT BOTH OF THEM NO TECHNICAL ANALYIS WILL WORK .
ADANI ENTERPRISES LOOKS VALUE BUY TILL IT BREAKS 307
Nifty behaved exactly the way it was anticipated. A short-term dip, enough to get bears interested and create positions. And then bounced back sharply from close to anticipated supports at (11,750-11,800). I have drawn two rising channels on this chart, which I sense will now provide immediate resistances. Going ahead, I feel the index will face resistances from...