Beyond Technical Analysis
NIFTY - "Jo le uska Bhala, Jo na le uska bhi Bhala!"Comparison of Sept 20 (daily tf) announcement with the one on May 12 (hourly). Former retraced 62% latter is currently at 88%. Former was during market hours and stretched with a gap up next morn. Latter was post market and gap opening gave it away. Crucial support at 8950. Resistance 9300 and then 9450.
Geometry on chart - TestingOm Namah Shivay
Trying few geometry testing on chart. Self explanatory.
Not much is explianed on the chart.
Om Namah Shivay
RELIANCEIt has triggered an hourly bearish C Clamp Ichimoku study suggesting retest of 1530 / 1490 provided it does not go above 1615
Mann Ki BaatToday we will talk about CONSISTENCY.
In trading, consistency means to profit a minimum amount every day.
You must get some results of all the hard work that you put in doing analysis.
Fix a target amount that you aim to make every day.
Remember to keep the amount achievable.
For e.g.
You cannot target to make 1000 every day with a capital of just 10000.
However, You can keep a target of 200 every day with a capital of 10000.
This is the bare minimum that you need to make.
In your good trades, you can make even 2000 from just the capital of 10000.
If you grow your capital by one percent every day.
You will double your money in just 4 months!
Remember, Trading is not GET RICH QUICK SCHEME.
Trading is a slow growth process that will help you reap great benefits in the long term.
Market Geometry TestingOm Namah Shivay
Testing Market Geometry on the Index which are generally difficult to plot on such charts.
Nothing much is explained on the charts.
Om Namah Shivay
Astro Mer Cycle - 20 Mar start date - NiftyOm Namah Shivay
A mercury cycle back testing on Nifty, with 20 Mar as the start date. It does not look all the dates are having any particular significance. But most of the dates are having local high/lows atleast.
Not much is explained on the chart. Just a practice chart.
Om Namah Shivay
