In monthly chart decline from 12428 can be wave C of irregular correction(Nifty can bounce again for new high in that case) OR it can be impulse wave A(Nifty can decline again for a new low in that case). 6338 is an invalidation point for this wave count.
Intraday Strong above 9132 for tgts 9153 / 9171 - 9181+ Weak below 9102 levels for tgts 9078 / 9049 / 8991+
Banknifty Hourly Intraday Chart Current Status - Downtrend Simple chart Formation,Easy things is always the Best
NSE:NIFTY it is range just made this .....but i don't know how long will thfinfis be correct unless it breaks the zone i strongly feel that if it breaks the zone marked on the chart then we can again expect up side now it is difficult to find who are stronger bulls are bears .................i thnik no one has a answer at this time but i can tell only this....
COMPARING MY YESTERDAY STATEMENTS WITH TODAYS REAL PRICE MOVE. 1. In my previous post I said in point no.1 a ref line in daily chart is intact so market can move down . it means one has to be in shorts till this yellow ref line is intact. But when in day after 1.30 nity cahnged its sentiments by breaching it ,there was no logic to be short. That is why given...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN SGX TODAY. 1. In my last statements point no 2. I clearly mentioned that if price till morning do not cross green dotted line then gap up opening can convert into flat. But you see price crossed dotted trend line so market opened gap up. see in fig. I gave the cross area in yellow color which does not provide...
TARADING PLAN FOR NEXT DAY 20-5-20 1. Threre is nothing to compare in my last statements with actual move , as nifty made inside candle so nothing to compare. A yellow line is intact so nifty is ready to go down to blue zone. That I said yesterday and sticking to this point. If dow today closes in bearish down candle then tomorrow this move will continue....
COMPARING MY PREVOUS STATEMENT TO REAL MOVE IN SGX TODAY. 1. In previous post point no.3 I clearly told you about the condition of green doted line quoting my words " morning star parttern is seen that has been tested in next candle. If it really works then green dotted line will breach and price will go to in 1st micro zone ." You can see price breached the...
COMPARING MY FRIDAY STATEMENTS WITH REAL MOVE O TODAY. 1.In previous post point no.2 every thing mentioned crystal clear, " I expect gap down open with the target of pink support." . Any body can see the price touched exact pink line even did not take any support from line. Every day I show you the precision of my zones, srpport,resistance work so accurately...
Looking at the fall in NIFTY today, which was quite predictable. it looks like this can be a trend to create a W pattern or a Double bottom. To finish this pattern NIFTY might come down in coming 1-2 weeks, that's up to 31st March, 2020. Once the double bottom is completed, we can see a great rise in the Indian Market. Lets hope for the best.
I sense a good gap up opening tomorrow and if sustains and crosses resistances as i targeted or respects the resistance It may be a good sign of hopeful recovery of NIFTY Many analysts are predicting a serious fall but i think i may not be more intelligent than them but i think the candlestick pattern and kumo cloud of ichimoku suggests some good bullish strength...
since i am giving answer through chart it will be good if i describe in terms of quantative analysis.
I hope you can now see how the NIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Switch off all the noise around you and just focus on the chart. Nifty is trading at some sort of long term support. If you are longterm investor then buy NIFTYBEES at every support, even after you buy let is go down another 50% no problem. Index in longterm has to go up there is no other option. Its almost impossible to loose money by buying index for a longterm.
NSE:NIFTY nifty in a range bound market there is no good news to go up and market has absorbed the bad news as my expectation i think nifty 50 made a range between the price of 8900 and 9600 to become bullish it has take support above 9600 and to be bearish it has to resist 8900 untill then side ways only
COMPARING MY LAST STATEMENTS WITH REAL MOVE IN SGX NITY 1.In point no.3 I clearly mentioned that a divergence in price to volume is seen this can test the lower limit of red zone which you can see in fig I circled in green . Same happened. That is whyI always say market show friendship with my analysis. 2. Now next what? In nifty post with upper time frame I...
COMPARE MY YESTERDAY STATEMENTS WITH REAL MOVE IN NITY. 1. In point no3. yesterday I gave you target of white lower dotted line in down side. See the pefection of this level. Aggresive bulls took entry by confirming this micro zone with red band of upperside. That has been maniested yesterday. In point no.4 I showed you green dotted trendline with the...
This could play out because both Daily RSI and Daily MACD are still positive alter the recent pullback. I expect a retrace to 50% FIB or more before the final Wave 3 pullback.