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Tue 20 Dec 2016 Nifty Timewave viewThe main advantage of timewave is that in a sideways market it does not generate any signal unlike technical analysis which keeps one in guessing mode. One just waits patiently. So as I said yesterday, the downtrend has nearly come to an end, and now Nifty is all set to go high till 26-27 Dec. I will keep updating this post during market hours, so please be sure to go through the comments. And feel free to ask questions if any. Thanks!
NSE:NIFTYLong
by pankajvw
12
Nifty may go 10000+ in next 1 year.First of all, taking lessons from history, some similar sort of pattern/retracement took place. Here, I have tried to match the fibonacci pattern that was evolved in 2008 with present pattern. In 2008, reversal was shown right at 0.6%. So, in present pattern 0.6% shows 8186. This 0.6% retracement level is very much important for future course of action. This level will be extremely crucial and will indicate the strong bullish nature of nifty. Hope so my speculation will be bang on.
NSE:NIFTYLong
by dekadipak70
Nifty - Forming Bullish Gartley Pattern It is been observed that the price action is forming a bullish Gartley pattern on daily chart that suggest a short pull back from the current levels. I believe it shall go up to 8680 levels before it continues its down fall. Key Points: Strong Support levels at 8568-8521 Bullish Gartley Pattern formed MACD AND RSI Oversold Therefore, one can take a long position, while keeping a strong stoploss as marked below Target: 8680 Stoploss: 8525
NSE:NIFTYLong
by NeeteshJain
2
Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty -0.96% is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time. Gravestone Doji : 1. Formed when opening and closing price are almost equal. 2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices 3. This candles indicates turning point of a trend, known as bearish reversal candlestick In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
NSE:NIFTYShort
by NeeteshJain
Bank Nifty - Moving Up Steadily on Weekly Chart (Next up 19,700)Since 13500, the price action is moving up steadily with consistent rally and breakouts. Building new highs and new lows on weekly chart. This week it has done the same thing and breaks out from previous consolidation. It signals bullishness in the price movement and now 19700 or 20000 seems achievable by next week. It is good time to go long on private and public banks like Kotak Bank, Yesbank, Federal Bank, Syndicate Bank. They are trending well and with good sync with bank nifty. Target; 19,700 Stl: 18800
NSE:BANKNIFTYLong
by NeeteshJain