In the short term, wave(direction) seem to be changing for down.Resistance (target) is still far away which at 12286 nearby (yesterday's high was 12237)
In the short term, wave(direction) seem to be changing for downside move.
NSE-INDIA
Did you remember the last update of spot nifty?In last update, I have updated everything about nifty which was clear. Actual support also mentioned 11854(made low 11844). Still nothing is much change in this update.
Support 11854 is strong and reference of Cycle(ii) 11934-11955 non stop move. Breaking and closing below 11812 previous investor's supoprt will push nifty down but chance is very low till.
Everything are clear on spot niftyEverything is clear on spot nifty. Resistance 12021 and 11955.
Support and targets 11889 and 11854.
You have to create your action plan if you are ready to trade,…
ACC Cement Move Up Coming "Falling Wedge" Breakout1. Took entry on the break of wedge around 1503-1504
2. Waiting for a move up to 1538-1550
Channel Pattern research on nifty with gravitating price controlLong white day candle was formed where the price is up by crossing the previous 3 days of the candle.
Control Price (ii) which is spot nifty target (11540) and resistance nearby it. Notice, many times "control price (ii)" shown its strength.
The possibility of Profit booking can be 11525-11580.
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.
Nifty support with channelIf we ignore the RESPONSIVE result and initiative move, We get the Channel. As per channel, Final support 70 points far from current trading value. But in the meantime, previously acted 10916 support. Channel Support is at 10871 nearby.
Exactly seen seller action on banknifty. Detected Tail: price rejection with sellers activities.
A box which was drawn after the tail is sellers area. If price surge with above it and we see the again tail will confirm of selling 28310 nearby.
I ll update later accurate target.
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.
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.
NIFTY channel on 15min chart for buy sign.Channel support 10996 and "control price " support at 11069.
Target is 11264 the as per daily chart of gravitation.
What should be the ENTRY point?
Triangle on JUBLFOOD, wait for price rotation.Support at 1140 on a demand line for the target of projection " W " at 1176.
If the price will found on this stock will push the price 1258 and 1280 .
Expected time after 18th AUG 2019 (Spike)
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
Again NIFTY trading at value low of the channel.Nifty again trading at value low where trader always think for buy.
For spot nifty 10860 below it will be value low.
Intraday s upport 10835 for spot which attract buyers.
Symmetrical Triangle(Bear Direction) NIFTYSymmetrical Triangle (Bear Direction)
Now are in the responsive move, this responsive move has much strength for a pullback.
Trading 11045 above, is bullish for targets 11208 and 11273 nearby as 38.2% retracement of total fall.
If you think for positive: Buy 11060-11080 stop loss 11050 below for the targets intraday R 11155 nearby and next targets 11208 and 11270.
Note: I am already long today lower level.
I also updated to buy you Nifty with reference of :
