dasgaaravishnu

dasgaaravishnu

Hey Everyone, I forgot a simple fact that we are viewing the market in Daily time frame Higher time frame corrections will always mostly result in a Double Three or Triple Three correction, I have seen these happening before and i forgot to add that into my idea generation. It was good that it popped again in my head. Last post ( 2 hours back) i posted that...

dasgaaravishnu

Hey Everyone, Fantastic February month, Market moved 1K points up and 1K points down post our last analysis in unfolding wave 4 and Wave 5 of the final corrective Wave C in ABC pattern started last October. ( waves are labelled on the chart) New interesting things. Last post we saw how market fooled 'some' analysts while performing " contracting leading...

dasgaaravishnu

Hey Everyone, Crazy week post "weekly no body Doji candle" , saw both buying and selling pressure as indicated by candle, both high and low of Doji candle is tested. New Information ----> Anyway....I wanted to share one learning with you guys which i will show you in the chart, how market fooled the analysts and is continuing downtrend. I hope you guys...

dasgaaravishnu Updated 

Why am i doing this? because everyone in the market know that selling is happening Nifty recorded worst week. selling here there blah blah blah..... fed surprise, federal funding fears... all drama over. now its Christmas time....joy every where around. can our market give similar joy to us ? hmmm lets see. crazy last 3 months ( Oct - Dec) , looks like some...

dasgaaravishnu Updated 

Levels checking for Head and shoulder. the 100% is not completed. There is still some gas left in nifty for testing the 123%-131% extension level generally considered as profit booking zone. Simple price range analysis. Check the chart for more information. Happy Trading!!!!!!!

dasgaaravishnu Updated 

Monthly CPR is higher high. market scaling heights . next level of possible resistance is monthly R1. yesterday we saw range break out with initiative buyers entering the market. we also saw double distribution trend day forming and ending at psychological levels of 24800 and ~200 points in reach of monthly R1. My view is the trend will continue as initiative...

dasgaaravishnu Updated 

Actuals 1)On 26th July ( Monthly Expiry for Nifty). Strong short covering rally was witnessed. 2) Market made new high but did not close there yet. 3) Market recently corrected due to Budget related issues but we witnessed bullishness still exists. Analysis 1) Market witnessed rally from ~7k to ~18k (~10500 - ~11000 points) followed by a complex WXYXZ...

dasgaaravishnu Updated 

Statement - As speculated in my last idea , Nifty started correcting from 26000 - 26300 area . The rally started from Mar 2020 and extended 100% till above mentioned area and started correcting ( only price action , reasons can be anything ...high valuations, state elections exit polls, new China recovery story, geo political tensions , Israel warning that it...

dasgaaravishnu Updated 

This is an updated idea based on the recent trends in the nifty price action chart. Earlier we speculated that Nifty might take a route of complex correction but the price action base shift is looking too fast for a correction. If Nifty is not doing correction then what????? Reversal patterns from top We have plenty of reversal patterns like 1) head and...

dasgaaravishnu

Hey Everyone, 1)Structure - Nifty playing around near the Important level ( blue line in pitchfork). Since inception , market did not break this line geometrically at monthly level. 2) Monthly Candle formation - The January monthly candle is not completely formed yet, we have 10 more days to go. With trump taking over office from tomorrow and strict tariffs...

dasgaaravishnu

Hey Everyone, Bears are ripping bulls left right and center. More to come if 23000 level is broken. As long as 23000 is not broken at weekly level , market cannot come down. If broken below are possible levels. Downside ****************************** Heavy supply ( offloading shares) , Trump sanctions and high oil prices and bad corporate results. Demand is...

dasgaaravishnu

Hey Everyone, Update 9/12/2024 Markets witnessed nice short covering last 2 weeks. Many people think the correction is over and bull rally resumed. whats actually happening? Sharing my idea. The actual head and shoulder correction is about to come and the correction is not over yet. what we have actually seen is wave A of the correction and currently the up...

dasgaaravishnu

Hey everyone, This is just an attempt to understand Nifty Price action behavior in corresponding to market geometry since inception. will keep it simple. Time frame - Monthly Tool used - Schiff's pitchfork. ( points used are 1) inception low 2) high before 2008 crash 3) low of 2008 crash. ) The remaining are clones of the initial Market...

dasgaaravishnu Updated 

Just sharing the current market geometry of Nifty. As per geometry, market hit the 100% extension of the covid wave rally and correcting, market broke the 85.4% (24650) on downside and entered inside our major pitchfork. I feel the selling is over, there was a post about head and shoulder on upside and price may fall up to 23200 levels and all...i admit it. i...