Crash!!!!!
Nifty Path Ahead | ABC CorrectionHi,
I see Indian Nifty at 14200 (Logarithms) and 13800 (Regular) scale
Bears will be super active Below 17070 levels & long will be active above 18000 levels and I assume 95% probability of Nifty going to these lower levels in 60-70 days !!
* for educational purpose , Trade at your own Risk !!
finding Tops | Nifty Targets | Crash - Hedge yourself !!This is How I try to learn to catch Tops and bottom, Market is like an "Infinite Sea"- full of earnings & looses.. but beauty of this sea is that it behaves in a systematic manner like a nature which is very well explained in Elliot Wave theory and Neo Wave theory .
A good entry and exit always gives u maximum return and vice versa for that u really need to have patience and principles while jumping into this "financial SEA"
like I have shared charts where market gave u signal of exit and u can play for some extra ordinary moves, now its upto you, how you find your entry and exits as per your appetite, either in ending diagonal from 17150-17992 or bouncing wave of new Downside move post ending diagonal completion.
Market always gives u few chances to safeguard your money in case of reverse moves. for example in just 2 days market fell 660 points from tops but still retraced approx. 300 points on upside i.e 50% retracement, even if u exit u loose hardly 300 points out of 2700 points move.
well If you have seen my previous post where I catch the bottom of 15183 for new up move & if one has invested that time could have earned 2200-2700 points depend on your entry point or 18% in nifty and waited patiently for swift exit by finding such patterns which fulfills top making criteria's.
Trust me the best Part of finding tops is Media + Pattern ( a deadly Combination) , they(media) make the maximum noise during tops and bottoms which gives u good indication of such areas ( pattern ) to plan your next counter moves.
Now Very likely we are going to see a "Covid Style Crash" (in Diametric pattern, which we will have detailed study in my upcoming post) yes this is likely the much much awaited fall since 2 years who have missed taking part in the Crash, I believe major indian traders ( the enthusiastic youngsters) entered post Covid Crash - for fundamentals we have many topics to discuss post this crash like few of them will be Economic Crises, recession, Wars , Bankruptcy etc.. !!
Lastly as I said, market give opportunity major of the times to face few situations repeatedly in your life span which gives u very great Sailing experience in this financial SEA
Thanks & Regards
Self Analyst
Vishal Sancheti
BANKNIFTY & NIFTY SUPPORT AND RESISTANCE FOR [17-06-2022]NSE:NIFTY
The market falls sharply due to the impact of heavy inflation on other countries and projected recession
the support and resistance are marked on the chart.
take less quantity to trade cause heavy whipsaws movement can occur.
volatility is near 22.60
NSE:BANKNIFTY
thankyou
Can nifty touch 13000 levelsChart is only for illustration purpose
My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart.
If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022 crosses.
A major shift in the market will happen after 31 Mar 2025 and the is expected to have a huge rally.
US VIX Alarming Further Sharp CorrectionThe US VIX (volatility index) is over heated at +32 which is unusual. As the US indices have been corrected up to 20-32% from the swing high, technically it is already a crash and enter of bear market especially the technology sector, the most hit one. Next level is recession. My observation is, the increasing VIX is alarming further potential sharp correction in the US market. So brace for the worst and plan your investment programs accordingly even though if it is mutual funds or SIPs. Personal views only. Please consult your financial advisors before investing or divesting in the market.
Long GodrejpropCurently Stock is at MonthlyDemand Zone. Trade is active, buy in part 1401 / 1350 / 1221.
for the target of 1659 / 1792 . strong close weekly close above 1792, Stock will move towards 1964 / 2161.
Stop loss will be weekly close below 1200.
Note: only risky traders can re-accumulate at 1062 / 1000 - For Long term Investors.
Monday's Setup [Bank Nifty] BankNifty was Bearish today with a Gapdown opening.Now it is trading at 34376.35 just below the important Fibonnaci Level i.e 0.382,there is a resistance from the above trendline and also it didn't break the psychological level of 35000.There is a support zone from 34200-34000,On Monday there could a GapDown opening the above level may support the price, one can entry at Bullish candle.
NIFTY - Russia Ukraine Index CrashRussia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when index consolidated for more than 60 days. Range starting from 15500-16000 last time was area of major action when lot of tussle happened between bulls and bears and finally breakout happened for further fresh rally. If price continue to fall we can except some kind of support along trendline highlighted on chart.
Breakout on Long side Nifty ? or Crash ?Market has been very volatile last 2 weeks due to Ukrain crisis. last week i predicted a crash but dint immidiatly crashed, but still there is possibilty.
Market is in range for quit a long time specilly considering Nifty usual Movement .
there 2 possibilities either rally on Long side or Crash- if Ukrain crises eases off rally is expected and we have to enter right after the Trendline brakes as it has tested multiple times.
and if global sentiments worsens let the bottom support brake and it will most likely to go down in no time. NSE:NIFTY
Nifty Descending Triangle PatternNifty Making Descending Triangle Pattern
WHAT IS A DESCENDING TRIANGLE?
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support. This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend
Rounding Top Pattern formation on $BTC (4hr) The rounded top formation on BTC/USDT 4hr chart is showing the potential end of a previous uptrend.
- Showing that it has already reached the maximum price. (01 Feb.)
- And that the possibilities are now in favour of a downward price movement. (02 Feb.)
In technical analysis , the rounded top is a negative chart pattern . When a chart develops a top, which occurs when price curves rise and then fall in price, it generates this pattern. The right side of the curve will make higher highs on the left side until the top price arrives (1st February), at which point the curve will fall to the downside, making lower price highs on the right side of the top.