Multi Time Frame View on Nifty w.r.t Sensex n VixSensex made a Top Today n crashed
Nifty moving in lower band of Channel can break it.
Vix in NR.
All charts are mentioned Just for a view!!! Not a Trade recommendation
SENSEX trade ideas
5 WAVE UPTREND COMPLETEDMy last post disappointed many shorters but this time it may not.
momentum divergence also support my count.SENSEX making DOUBLE TOP
wait for confirmation,/// breaching the bullish trend line/// and setup your shorts,for quick money in options .better buy july puts
if any doubt, clarification i am ready
SENSEX - DOUBLE TOP + LONG-TERM TRENDLINEHere, I have analysed the chart of Sensex, where we see a few things :
Firstly, a double top is forming very soon ( the white line )
Secondly, the yellow trendline has been very well respected till now.
I have drawn vertical lines to illustrate that.
You can very well see that price has reacted very well and except for few false piercings, it immediately took support on it. But in Jan 2016, it went below the line strongly and prices fell for a few weeks and later recovered. Again in Sep 2016 when it tried to cross the line, prices fell and continued downwards for a few weeks. And then we recovered.
So now, we are very close to meeting that line again and possibly halting the bull run for a while.
While I won't advise to build short positions now itself, do keep this chart these facts in mind to manage your positions well :)
Cheers !!
sensex supports trendlineWatch red dark support trendline for sensex.
if that breaks there is some correction down possible.
i think correction is near after some days.
SELL OFF BEGINS IN SENSEXSENSEX reached c4 position which is below c1 trough(27488).
good time to short the market.the target levels also clearly mentioned.Forecasting target is
very simple in ELLIOTT wave.c5 may be any of the fibenocci number(0.382,0.5,0.618,0.786,and1.0)
