NIFTY 50 BACKTEST OF 27TH AUGUST🔱27TH AUGUST 🔱 WILL PLAY A MAJOR ROLE THIS YEAR.
1️⃣High And Low Important
2️⃣Why Important - Backtest From 2001 To 2022
3️⃣You Will Know Its Importance
⚜️IF 27TH AUGUST IS A HOLIDAY NEXT WORKING DAY HIGH LOW IS IMPORTANT FOR WHOLE YEAR⚜️
#WEEKEND #LEARNING
PERSONALLY EXPECTING ON SIDE MOVE 😉
Pricetimesquare
NIFTY METAL INDEX time and price analysis.Nifty metal Index now at 5770
Time Cycle 1 , Based on Fibonacci extension,,
Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,,
Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending..
So price and time squaring around the same point in trend,, when ever such scenario happens ,, trend change can be seen.
Time cycle 2 :- weekly time cycle of 188 bars
Calculating from last 2 swing peaks,, index is making peaks after interval of 188 trading weekly bars,,
Now this time 188 trading weekly bars mature in second week of august month,, which indicate a peak for this up trend if we go as per past history..
Bearish divergence,,
Price is making higher high, where as RSI and MACD Indicators are not able to make fresh high and are infact making lower high,, giving bearish divergence,,
RSI have given breakdown from rising channel formation and is continuously trading below the breakdown levels,,
MACD have also given bearish cross over from the peak and still is not able to regain it positive stance with the recent upmove,,
Elliot wave :-
Index is in impulse wave 5 of impulse phase,, which is considered as euphoric wave,, so if corrective phase ufolds going further ,, than good retracement of the current upmove can be seen
it's time to be cautious in metal sector,,,
Trend change possible soon...
ADANIPORTS | An Early Attempt to Capture the TOPADANIPORTS | An Early Attempt to Capture the TOP
ADANIPORTS gave a Rock On performance as published on 13-JAN-2021 | | Currently trading above final target of 729 | What Next ?
Week starting 22-Mar-2021 is 52nd week from an important low of 203 formed on 23-Mar-2020 | Yearly Time Cycle | Could be a potential reversal zone
More precisely, 23-Mar-2021 is the first anniversary date from low of 203 formed on 23-Mar-2020
This stock is approaching a very important Gann resistance level of 798 | The bullish run started from 203 level would be completing 7th Gann Price Cycle at 798 | Yes, the Fatal Number 7 !
Week starting 22-Mar-2021 could potentially be a Gann Price Time Square zone as well | Gann angles (1x1) drawn from low of 203 would nearly meet 798 level in the week of 22-Mar-2021
Reduced momentum | Indicator Divergence
For now, important levels to watch above 798 are 841 / 900 / 915 / 1000 / 1040 | Support levels below 729 are 699 / 649 / 625 / 576 / 512
This is not a trade recommendation. Levels would be updates as per the Time and Price actions.
Titan @ Crucial Point (Price >Time)TITAN is overshooting the price time channel, since these two component drag one another the price should come back within channel & average by hitting lower trend-line.
if you have any queries regarding above idea or any other stock feel free to D'M
Announcement : We launched, TruStox Community A community driven platform for Traders with almost all features that a trader needs.
Here are some of them:-
Trade assisting Tech.
Regular Study Conferences.
Collective Fundamental Research.
Access to Tools from Trader's Toolkit.
& many more.
For More information : Click Here!
Note : Trading in any financial market is very risky. We post ideas for educational purpose only.
It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.