UJJIVAN LONG (STRONG BUYING LEVEL)BUY UJJIVAN 211 SL 202 TARGET 241/ MAXIMUM TGT 273
VERY STRONG BUYING LEVEL
Zones
Reversal Zones of DemarkThis is an extension of the “DeMark Range expansion” by CristianD. I have added Weekly and Monthly Ranges .
The support and resistance zones are filled for better viewing .
It bookends the daily, weekly and monthly range between highs and lows. Sell at retests of highs, buy at retests of lows. If a range is broken one way or the other you can probably expect expansion in that direction.
Lime and Maroon represent – Monthly Ranges
Pink – Weekly ranges
Orange – Daily ranges .
Updates for USDINRHi Guys,
Rupee looks strong on the weekly chart, but it seems like it might consolidate in 68.5-70 Range for 1-2 months then it might go for the big move.
It will depend on the price action in the areas I have plotted. Most probably it might go down(Because RSI Seems week for USD) because of the structure but still can't say exactly.
This is not financial advice, just my thoughts.
Thanks.
nifty made a U turn .. are bulls really in control??Holding on to life Nifty after a big U turn today. Is holding 10780 levels.. break below this bears will be in control of the dalal street and if it opens slightly gap up .. it might stay flat. Focus on specific stocks for movement over all market might be flat.
Nifty : Its so Messy with Gaps !Hope I have explained most of the scenario's within chart itself & the one I missed out is Nifty reaching 8480's n reversing. I tried Elliott's on hourly & its just as bad as it can get, so I simply skipped that, whichever you don;t feel comfortable with - Skip it. If there is any doubts in this chart or other, feel free to drop a comment to reach out.
I'm not sure whether I can mention this but Tradingview Private message is little buggy & yesterday for few hours tradingview was down. When you send PM to Me it gets delivered late or Mine gets delivered later, we have experienced this in the past & it creates bad impression that I'm not replying. So I prefer to interact via Comments section only to clarify your queries which is better...
Looks like 8400's breaking...