Index
S&P 500 The price of the S&P 500 is increasing but the Awesome Oscillator is decreasing, this states that a great downfall is coming ahead.
There is proof that a downfall will come because whenever this situation comes, that when the market is rising and the AO is not rising the markets went down brutally.
Please check in the years 2000 and 2008 the same thing happened and the market went down.
The history is going to repeat.
Please be cautious.
NIFTY : ZIGZAG CORRECTION AHEADAfter a recent high of 11800 , nifty has given a fall to the level of 11185 with a pattern called a LEADING DIAGONAL.
Leading Diagonal is formed when a new trend is going to start or at the starting of a ZIGZAG CORRECTION for the prior move.
As per the current structure , we can assume it is going to have a zigzag correction.
Trading Strategy:
Sell in the range of 11600-11700 keeping stop loss of 11810 for the target zone of 11200/11090/10900
SRTRANSFIN
SRTRANSFIN:- BREAKOUT WAITING KEEP EYE ON 770/800₹
BREAKOUT WAITING ASCENDING TRIANGLE PATTERN SEEN 800₹ ABOVE BOOM TARGET SEEN 900₹++