Breakdown strategy on spot niftyStatement (1) : As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.
Statement (2) : Presently, Nifty is again going to high volatile as show by Remarkable box .
Statement (3) : From the timeCycle, approximately move projected by (A),(B) and (C) .
As per channel, the main support is 10525 below where investors think for the long side. The price can consolidate between 11300 and 10600 range for 2-3months. Breaking this range will create a new spike.
India
DOJI, Gravitating value for NIFTY.The price is attracting toward the Gravitating Value side, which is already drawn by "a", "b" and "c" . In the short time of period, how and why price again coming("d")?
At the "d" point, we've got DOJI (price rejection).
x,y, and z are the demand area from where price bounce to the upside.
The following scenario can be considerable,
1) If a price is moving more up, it will not close above 11150 above. 11181 is last rejection area.
2) For downward move, targets 10925-10950 in short term if "d" point confirm.
Expected opening flat and, Intraday R 11148 to 11181 and support 11065-55
Channel and Pattern on BANKNIFTY with tail.As per the daily chart, fall is still left but the question is where to sell ?
Detected tail in the last secession.
Let's look at a smaller timeframe chart.
Banknifty resistance starting from 27777 to 28073 as per channel.
The last update was for paid customers at 27777 for sale which was below (4).
Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. I have created a sell strategy for NIFTY
Wall Street opened lower on Friday.
Oil prices fell on Monday
Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 percent from the previous estimation of 6.8 percent.
STRONG BUY ZONE FOR NIFTY NIFTY HAS MAINTAINED ITS TRENDLINE SUPPORT POST GLOBAL FINANCIAL CRISIS. AN AMAZING OPPORTUNITY COMING TO BUY FOR LONG TERM.
SECOND TRENDLINE WHICH WAS CREATED DURING START OF MODI ERA.
THIRD ITS SUPPORT LINE NEAR 10,000
ALL OF WHICH STATES THE BUYING ZONE.
TAKE OUT YOUR MONEY START PLANING YOUR PORTFOLIO FOR LONG TERM GROWTH STORY OF INDIA
TimeCYCLE and gravitating target of nifty.Reference of "time-cyclecle (i) ", We have protime-cycle]timeCyclethe (ii) for target (4rth wave) at 11280 expected 20th AUG 2019.
The control price also can gravitate the price toward 11280, if this 3rd wave is clear.
Worry for long traders 10923 below . Suppose to break this level will create a heavy short position.
DHFL AnalysisTrader's Paradise , Breakout is most Probable Look at the S&R. Also watch 200 SMA closely.
What do you think ??
Investors eye is ready to invest money, NIFTY.Nifty trading in the middle of the channel.
The channel, “Gravitating Price” which is from (1) to (7) is a magnetic price toward it.
There’re 3 excesses already display in the chart.
In respect of excess(iii), Nifty will create excess (iv) presented which is the expected range of 10811 to 10600.
This range of excess(iv) will strongly attract Investors to buy. Caused by breakdown strategy, buying zone is already started in nifty.
THERE IS NOT CHANGE. NEXT target 11078-11086
NIFTY MAY GO UP TO 11250 AS IT SHOWS TREND REVERSAL PATTERN ? NIFTY50 may touch 11250 resistance in a short period of time
, as its current position which is showing that it may be expecting a trend reversal in its way but then it may experience a sharp fall again up to As I took historical values from 2018-2019 I noticed that between ~R11200 t0 ~S10700 nifty had the tendency to either sharply fall or sharply rise. But as I close the gap b/w them nifty shows rather a chicken movement(~R10950 to ~S10700).
1. I used Price-Time mapping, Projecting and forecasting for both UP/DOWN movements. All 5 of them showed a common region of break out/in.]
2. Fibonacci retracement and projection also gave reversal zones similar for the S,R.
3. STOOCH-RSI for also generated a buying signal. (*though trend reversal zone at 15-20 *stooch)
4. Though MA, EMA shows downtrend( as nifty exits the 262-day uptrend) as the Bollinger.
5. Volatile ATR.
**Also notice (8th/14th Aug F & o ) movements of NIFTY, Which also showing a strong change in favor of calls b/w 10900-11300.
I found that Nifty may gain up to ~R11200 to 11250, then it will again face a trend reversal zone. As it already left the 262 days of UP trend, 'At that lv. it has less a probability to penetrate "Resistance" so it will enter again in the bear phase and this may go down to ~S11800 and ~S11750, Where, from ~S11850 onwards, starts strong "Supports". Using these parametres I projected the forecast of the Nifty, I tried to forecast weekly (21 days) of nifty movements and its zones.
let me know if you agree or even you disagree.