and why should bank nifty remain behind .. i anticipated this to be in red too.. can friday be another day for bears!!! lets see..
Apparently the reason i thought nifty will be in red today.. very crucial will be 10700 level and then the lower one. 10800 is providing some support. a real tug of war
looks bright and shining , but a long way to go.. an update to what i had published previously. took of 440 in style. heading towards 470 according to me.
as it happened. it seems it will fill the gap around 59 and get to the resistance zone 62-65 ! this can have a cascade effect !! will have to see if we can have some respite !!!
the rising wedge , are we heading for 6 !! this usually becomes a 7 touch point as per text but we need to see how it goes.. 650-660 is coming it appears..
Amazing. this is by far of the best looking chart , not because i had drawn this , but cause it is !!!! multiple ways of drawing the sloping diagonal line , i would have liked 3 and 1 in that order and yellow line (2) is something i wouldnt have liked yet people will draw all sorts ! The last big candle was actually on lesser volume than i had expected ! will we...
this looks good. with double bottom in place and diagonal line breakout , its on rising line having immediate resistance zone around black line! slowly it will inch higher, if i initiate the position , i will go long. it has smaller patterns but i choose to not put it up here. they arent as clinical as they should have been.
Such a crucial moment. Almost, almost on the verge of major breakdown , where it can head towards lower levels . pink lines could be the ones where some fall could be arrested !! next week or 2 we will see whether we get a bear trap !! there is one more thing which i have left for viewers to figure out !! ll be mostly short though confirmation is must to be seen !!
Minor changes from what i posted last, but overall trend on course. levels to be seen are 94, 102/5 , 115. on the verge , such movements are often positive , although we need to see how it will behave with crude prices stabilizing/rising.
Couple of months ago i said of this potential hns , where right shoulder would be made around 10950. i am still waiting for that weekly close above these levels. if crosses if we have 2 black lines, where 11200 could be a bigger shoulder and all time high as potential double top. although many stocks are still giving bullish signs, its imp to keep a tab !!!
last i published when it was around 750 levels. back then it was a value buy, now its a strict buy !! less chances of not reaching its target ... m bullish
The non EWT part. even if ewt is negated, i would rely little more on this chart to see where it goes. 2 major zones of resistance it could face. not a buy or sell recommendation.
Obviously this will negated if it doesnt take over 3 points of resistance it will get on it way to completion of wave 3. but looks as if this could be a good buy ! i will also post another way of looking at things. ultimately they both should mean the same .. PS : I am not an EWT expert , and do not use it much in my analysis.
does it want to come first if in a race ! above psychological mark of 600, it can smoothly ride towards 6650-660 range. rock bottom support around green lines , but the way market is moving it might not retest such low level from current. on my watch list..
Looks good. since 2013 , the move is intact and now in short term it will head towards 475-480 level.. immediate support around 425 below which shorts can be initiated for target around black line .
another one with all obvious things to happen. the question is will it make or break !!! right on the verge, next few days are gonna be interesting. PS: ignore the smile :P
From my previous post , here is an update. please have a proper sl in place. this is risky.. requires immense control on emotions.
That pink line is pretty important.. although megaphone is in place , longs can be initiated if it crosses pink.. on my radar.