The same setup/ markings may be applied to BNF as well.... I have already taken the Liberty of marking it as ... 1 ab 2..... knowing fully well that the current RISE MAY well be a iii up and will Not Stop so easily. Follow the SETUP..... you should be fine
I had to scale this NF chart down to 15 tf.... because on hourly it was getting difficult to mark the pattern coz of candle size etc. But this is what I am looking at on the NF on a 15 and hourly scale...... We hold todays Lows..... and cross over 23.6 n 38.2 % as marked in the Rectangle...... it will more or less be ...... CATCH ME IF YOU CAN
If DJIA futures hold the zone marked........ expect a 3000 RALLY very very soon. It takes a Lot of Guts to come out and say all this especially when Each one of you is in a NEGATIVE SENTIMENT MOOD. You have to believe what the Chart is Telling you and NOT what you want to make yourself Believe. These are NO FLUKE Markings ... they are based on Serious...
Based on Some Comples Fibonacci calculations to get the BOTTOM IN...I have given a Bottom Range of hardly 60-70 points apart. Once this Bottom is IN...... The MOVE UP on DJIA I believe will be LETHAL. Not Many will even believe the MOVE UP . Once this happens... the DJIA must cross over the 2 Areas marked in Blue Arrows. DJIA will not look back once it crosses...
NF chart marking the 5 waves done as 12..... ABC, and PROBABLY an IMPULSIVE MOVE UP STARTING ..... I would look at todays Lows or Fridays lows to hold, based on which, we either have minor wave i and ii done as marked, OR, BASE BUILDUP wave 1 n 2 .... hereon... 5 impulsive waves for each Larger MOVE UP 12345
The NF chart as I see it..... a Good place to buy is 16875 to 16900 range..... for a 400 point upside either today or tomorrow
I had to go deep into the Weekly/Monthly charts to figure out what the possibilities of a DownSide are. 1. THIS IS IMPORTANT FOR ALL LONG TERM INVESTORS. GET OUT OF THE MARKET FULLY IF 16400 BREAKS AND SUSTAINS BELOW FOR 2-3 SESSIONS. NO LOWS WILL HOLD BELOW THIS. YOU WOULD BE LOOKING AT 14700 THEN. 2.
The Chart has been provided as I see it. The Levels have been marked taking into account CAUTION POINTS for you all. I am begining to Build up my Portfolio ALL OVER AGAIN....... extremely Slowly.... and ONLY PENNY/ FORGOTTEN NAMES
In as Much as this is the 15 minute chart of BNS, it Must be understood that Indices SELDOM React according to the same time frame. There will be whipsaws from 1 index to the other not only in the same time frame but also from one time frame to another. I have given the targets as I see best based on the FIBONACCI levels as I see best going forward. CAUTION is...
I was looking at the NS chart hourly and came across this BEARISH PINBAR Candle at close on Friday. It makes ME believe that WE ARE UNLIKELY TO MOVE FURTHER UP FROM HERE. Also considering what seems to ME on the DJIA and SnP to be almost BOTTOMING OUT, the Nifty would rather follow the Move DOWN and stay in TANDAM with these 2 indices, and when the UPMOVE Comes,...
The same applies to BNS as well..... All points of Concern have been marked for your Kind disposal and Caution is advised at KEY LEVELS as was done on the NS chart posted just 2 minutes ago.
The NS chart looks somewhat PRECARIOUS to ME. AT BEST......I can ONLYTERM IT AS ""B"" BOUNCE. The Bounce B has been shown to be Reversed from 2 zones as marked at 23.6 or 61.8% RETRACEMENT Zone. IF I consider the the LOWS of FRIDAY to HOLD for now, then we can simply see a ''''5'''' wave IMPULSIVE RISE. Remember it MUST be 5 waves UP at any Cost and NO LESSER....
The EXACT SAME SET UP on DJIA as well.......... Things r getting really FUNNY for Now..... and I think this Downside should be the LAST DIP DOWN. This is a LIVE CHART
The DAY played out as was expected........ Now here is the CATCH...... watch the chart carefully and see what happens on MONDAY .... We have a DUAL scenario setup......
The DJIA Futures LIVE to explain to you All what is happening....... The Harmonic Auto Detect shows a High done Hourly from 50% and has fallen below 23.6% fib..... a Bearish Trend unfolding
The SnP chart has the same MAKE UP as the DJIA and NIFTY....... ONLY Tells Me that atleast these 3 Indices are working in TANDAM. It is ONLY a Question of TIME before the ALLIGNMENT TAKES PLACE between these 3 atleast. Ill see the BANK NIFTY CHART as well later and see if all 4 have the same MAKE UP
The NIFTY chart from a Broader Perspective. I am not an expert on TIME ANALYSIS....... BUT SOMETHING Tells Me WORLD MARKETS are going to ALLIGN within 23rd October. There is JUST 1 CONDITION....... Equality of the HNS pattern MUST END AT THE LEVEL OF 16246 apprxx.@ 100% RETRACE........ BUT, should it decide to EXTEND beyond this...... we then will drop to 127.2%...
The path of Nifty will Follow what I have just drawn and explained here..... We are just about to complete A ..... and B up will follow and finally C to complete the entire 3 ( 5 wave structure)...... I say it is time to accumulate whatever you want to and keep buying at every DIP