There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running...
So where to begin with ?! Let's go with analysis first then we will touch up on Gann.
Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is...
We are repeatedly discussing this is completely inflated bull run and I'm not sure how long this run will exist but the longer the inflated run, the bigger the correction. We are all gonna love it, we will rock with bears thats for sure but just wait for it. Now its not the time, so whatever the bullish run offers bag it. There is not even slightest retracement...
Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term.
Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line.
Path 2 - if nifty failed to break the trend line, leads to...
There is an unfilled gap from 8970-9020. Market will try to fill it as soon as possible.
Target: 8975 (175 points)
Stoploss: 9200 (50 points)
R/R: 1:3.5
Regards
Hi,
NIFTY approaching strong resistance zone 8975 - 9018, Wait and sell on 9018 level. If this level is not reached by today we can expect further correction upto 200 points.
Today is major GANN pressure date, today we can get reversal on 9018 level. If this not happen means wait for another one month upto APRIL.
But long term view market fell to 6725 with in...
After good upside most likely Nifty prices are supposed to halt at 8940. In case you are positionally long its time to either exit your positions in profit or protect your profit with SL.
161 Level of Fibonacci have 50/50 expectancy to keep prices down for some time
MACD has generated crossover to denote beginning of next price cycle. In case Nifty generates a Bullish Belthold at this level new long position will open.
Two things to keep in mind
1. Bullish position will not open without bullish belthold so not advised to go long before you see an actual belthold.
2. The price cycle in formation is 3rd price cycle, price...
Today Nifty opened above 100 points, started falling down and then recovered. The 2 big red candles denote weakening of upside and the red line above shows point of significance. In case you are in long position its time to keep trailing SL on your profit.
I think there are roughly 66% chances that Nifty will go sideways or fall from Point of Significance. By...
Right now Nifty does not posses any positive or negative strength. I can be clearly seen nifty failed to create new bullish price cycle after bullish divergence of last day.
Wait for prices to either confirm downside by breaking support with shift in volatility or bounce.
It looks like Second Price cycle for Nifty has began and most likely we might see Nifty hitting 8761 in February. For now it seems like we may see some sideways move till end of month. For now it is good to wait for Nifty to complete sideways movement if it begins tomorrow.
1. Height of triangle was projected in downside. Then Nifty undergoing retrace.
2. After fall of 1 Fibonacci Retrace was 0.6
Conclusion : In case prices continue to fall from these levels it can fall upto 1.6 or 2 level on Fibonacci extension. Expected minimum TGT 8272
In case you prefer positional trading Nifty has undergone shift in volatility with divergence and break of resistance. The momentum has changed to downwards.
Nifty confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.
