" GOD MUST BE A MATHEMATICIAN " If we look at the construction of universe and movements of the planets & other celestial objects movements, flowering & fruiting cycles in trees etc. everything has a pattern and they are cyclical in nature. That very same assumption is applied and works well in stock market, commodities and forex as well. Identifying the time...
Gann Master 12 Chart Gann Master 12 Chart (or Square of 12 Chart) is a time forecasting technique discovered by W. D. Gann which works amazingly well in describing longer time cycles. The chart appears as a two dimensional matrix containing 12 rows and 12 columns. Numbers in the chart usually denote time in Years. The matrix is constructed beginning with...
Nifty is very much within the expected range, and as expected could not go beyond 11100 on Wednesday. For the day 10925 looks like a good support & It could now start another move from here for 11200-250 as long as it can stay above 10850.
Observations: > NiftyIndex up waves are ending within 25 days and down waves within 7 days. > Bullish or Bearish crossover, or divergence at the end of waves. > Strong Bullish and Bearish patterns seen at the end of up and down waves respectively. Combining all these three observations can provide strong Buy and Sell signals. Current Up wave: > Current...