I preferred to post the NF chart rather than the NS chart from a Traders point of view. You MUST co relate the NF chart to the NS chart and all the levels will be clear going forward. I think this coming week will be pretty BRUTAL for the Indian Indices..... with levels of 18700-18760 possible to the downside. Position yourselves accordingly. To see the...
This chart of the SnP has been posted by Me in the past with the levels of the Cup and Handle formation. I have recently been studying the data for the US markets of the Last 72 years and what it shows is this. 1. In the Last 72 years............. The market dropped 34 times. Of this 34 times, on 12 occasions it went to below 20% calling it a BEAR MARKET...
Is the market merely consolidating currently the way it did from dec22 untill march23????? What we are seeing currently ....... is it just a repetition of a FRACTAL played out previously ???? Only that People tend to forget ????? I am HIGHLY BULLISH looking at the FEAR all over. Besides the GEOPOLITICAL situation........ Jan23 onwards....... world markets will be...
What I am presenting to you all are Merely what Most of you May or MAY NOT see. There is NO ROCKET SCIENCE in what I am presenting. I am aware that I am the LONE PERMA BULL on the Street with Most analysts declaring DOOMSDAY Prophecy. WE ARE NOT GOING TO CRASH...NOT YET.
An Interesting Chart Since the Beginning and YYYYYYYYYYYY we Bottomed in 2020 Covid where we did. The Parallel channel bottom TL provided the supports to the downside and put an End to it. However now here is the Interesting part. Look at the Parallel channel in BLUE drawn from Dec 2019 high to March 2020 Low........ While the Lower TL provides multiple supports...
Here is the LONG TERM Channel of the Dow Jones since 2007 or so with Price staying well within the Channel for all these many years. What I have spotted are the 4 SUPPORT areas since 2009 or so and simply attached all those support areas to draw a PERCEPTION LINE between the Broader Channel . In the Green color I have given an IMAGINERY path which it will take...
In continuation to the chart just posted I am giving here 2 scenarios of an ENDING DIAGONAL marked in RED and marked in Dark Purple. Let us see if NS will contain within either these 2 Diagonals. Also in either case the Downside comes to 19000-18700 apprxx....
I trust my PRE MARKET post helped you all course the Nifty yesterday. Posted is what took place yesterday and the path going forward. It is my belief that NS will end up in an ENDING DIAGONAL for HIGHER HIGHS............ I stay Committed for a Larger BULL RUN starting end 2023 begining 2024 to END within 3 YEARS by end 2026 maximum. This however is subject to...
I have taken the 15 tf so that the patterns are clear for the day on a very small tf for now. Have also given the Resistences marked R and the area it must stay above for the whole day, failing which @ TROUBLE for now
Good Morning.............. So far so good with a positive opening on Gift. I have given you guys the levels to watch out for. Should it hold 19615 for the day...... we will move further up
The Reason I am not so bearish anymore for an extremely short period atleast is because the market has not Retraced back towards 20010 to atleast complete a retrace structure. Yes the Bears currently have the upper hand but the BULLS know that wave structure remains OPEN. With a Single JOLT they can take this structure UP and even go for ATH..... in such a...
There is an UNFINISHED AGENDA on NS........ once the down side gap gets filled....... HERE I COME should be the CALL. I just don't see any CRACK at ALL........ Not yet...... Too many would be thinking how I drew the BLACK SUPPORT LINE.......No macd... No Rsi.... Nothing... and remember I have put a LONG tag to this .......... that doesn't mean you go Long...
Its the same chart I posted a minute ago with a little TWIST............. How many of you have realized what I have put within the BLACK LINES ??????? PRICE IS GETTING ''' SQUEESED '''... WE ARE SETTING UP FOR SOMETHING VERY BIG..... EITHER WAYS POSSIBLE ABOVE/BELOW THOSE BLACK LINES
The setup just doesnt Look to Me like its all breaking up..... Yes we have a Bearish Engulfing weekly candle but then there are soooooo many engulfing Bullish weekly candles as well... So does that change the NARRATIVE???????? Such things as engulfing etc are for YOUR EYES to see as much as people here talk about RSI/MACD/ etc etc etc ....... I have never ever...
I have my ways of going about markets and I just dont follow what others do. I am NOT convinced that the World Markets are Crashing yet....... NOT YET. No amount of MACDs/RSIs or other eye catching indicators can convince me yet about a Crash..... Give or Take a few points here and there i have given you all what I see and understand Best
I thought I wud do it now... so here it is....... with all the markings. Dont be bothered about a few points here and there..... Look at the Larger picture....... above......above.... and away
All Patterns are coming together on 99.99% WORLD INDICES...... I cant put together ALL of them for you to draw a comparison..... Here is what I see on the Gift Nifty .......
Now here is something very few would provide for unless PAID FOR subscriptions. It is difficult for ME to put this into simple words....... but the Pattern I see is a VERY VERY BULLISH ONE. Today just before EOD...... I put out a message saying i am NOW BULLISH ON THE INDICES. Ill update @ time permitting on Monday Pre market