In continuation with earlier idea on Zeel completing harmonic pattern, now on the reversal , trade entry is below 199.50 with series of targets at 191, 183, 170-165, 156
It's on daily timeframe hence calls for a long term viewpoint.
Tracking nifty on a regular basis with pin-point analysis. 10835 respected so accurately and on break of this resistance, next levels will be 10900, 10940.
As this week wraps up, we can see the some more downside pull back till 10770 to max.
For next week, will be sharing updated levels but more or less target points will be same, just direction will be decided...
After this huge slippage of prices today, the bullish invalidation is at $2874sh level and bullish knock back to the market will be in between the range of
What is expected next is break of bullish invalidation and lower side targets. A probable pull back or retest of bullish knock is possible before a fall again.
BHOOMI predicted this fall way...
With our new indicator, #yesbank has given another sell signal showing bearish strength.
Prices below as targets are 33.60, 31.05 and 29 (this one on a longer term).
35 acting as resistance to this fall which will invalidate this fall for sometime.
Prices are likely to touch 31 by next month and 29 in coming weeks.
Key points in discussion
How to identify a potential trade with bhoomi Fx
Where to enter ?
Where to exit ?
More importantly how to trade fx for a living
*SMALL SINGLE ARROWS ON BHOOMI FX, THEY ONLY HAVE AN ACCURACY OF 86%. UNLIKE DOUBLE ARROWS WHICH HAVE 91.19 ACCURACY
Bank Nifty heading towards or consolidating near weekly resistance ... a break above purple line is a cleat indication of further uptrend any failure near the line i would be looking to short on monday