For TV 1234..................... All you need to know is encapsuled in the Channel........... No more to say . The Retracements are provided for all of you as well..... Just REMEMBER.... we are Not done YET ............. There is plenty to go... Just be cautious that is all
This is Likely to be the Path forward on a weekly basis.... However when I see the Monthly chart, it shows that """ NIFTY HAS MORE AND HIGHER LEGS TO GO """. I have marked an ALTERNATE PARALLEL CHANNEL..... watch that CHANNEL especially the MIDMEAN @ BLUE DOTTED LINE for any FALTERING. For now just stay calm and cool
The next 5000 points on BNS will decide the outcome of the Market. I am highly of the opinion that we will make an INTERMEDIATE TOP between 50000 - 50600. This is just a CAUTIONARY note to All of you. Do Not get excited about whats happening....... The PANWALLAS and the RICKSHAW WALLAS will enter NOW. I use the term coz I remember in 2004 or so.... I would go to...
If you All remember............. I had given a figure of 4527 as a very Tough resistence to cross. I remember ParasuRam telling me that we had crossed it and sustaining .....That sustainence was damn short lived. Since the, we HAVENT crossed it. I have given you all the possible wave counts to wave " B" and then a Fall towards ' C" as I could best. CAUTION NOW
Just a little more DETAIL with the same chart posted a while ago with the " WILLIAM R%" indicator on a Monthly basis. Watch the RED Lines I have drawn...... To Me it shows a prolonged course od higher highs till Something Breaks . Just be cautious is all I am saying. I am not trying to scare anyone.
Please be careful of the 3 way structure I have drawn in the Nifty chart. Firstly, Nifty MUST sustain above 19900. It tried on Friday with a high of 19862 but sold off towards the end. Even if it Crosses ATH towards 20100-200 zone, It must be able to sustain 19440-19600 on the way down. Having said this, it does not mean that the entire market will fall. There are...
In continuation to my post as on this Morning............ I am now giving you all the Range that needs to break either on the upside or the downside..... I had said a few days/week ago that it MAY be tough for Nifty to cross above 19900 for now. Stay alert
The Retracements help you with everything you really need to understand and follow. The setups are very clear and the Likely Targets are given to you all via retracements both to the upside and the downside.
Now that something has started on BCG..... I am going to the Daily chart to see the current moves on it. If and only IF I consider the entire fall from 37/ odd to 13/ as a SINGLE wave down, then the Retracement MUST go upto 78.6% RISE of this entire fall towards between 28/ to 31/ apprxx. We sustain this upmove above 31/ for a few days and the Bottom should well...
For SHREK................... I updated my idea and to explain to you went deeper into the Monthly chart instead of the previous weekly chart posted. This should give Most of you a better understanding of the wave count as the wave would have come FULL CIRCLE. Meaning the Monthly charts cannot hide any Wave structure and are LONG TERM Trends unlike hourly.......
I started picking up this one at 15-18 apprx 2-3 months ago and kept buying untill 10/.... with some large quantities accumulated at an average of 12/65..... I went long on it. at 32/ I squared all my Longs.... and waited and waited and waited for the retracement. What most think of as a retracement to New Lows..... I dont think so. It has come all the way down to...
For TV 1234............................. here it is. Be CAREFUL as Stated on the chart. I dont see too much upside. Altough parameters look stretched on a Monthly basis, I have often been WRONG on the OB status as price tends to stay Higher for a Longer period of time than I would expect. Nifty Metals @ LATER..... Time for me to sleep
Its the 3rd I had recommended. Only Mirza International is the Only other Listed player in this space. Here again............. I have accumulated large quantities
Whether this Cup n Handle pattern on a Monthly basis make any sense to any of you is desireable......as it seems really FAR FETCHED to me as well. Never the less I have accumulated some exceptionally Large quantities on this one. It is the 2nd penny I had recommended
The Nifty as seen on a weekly basis. It still holds above the Upper Trend Line marked in Blue BUT...... must cross over and sustain above the minimum threshold of 19680-740 zone to provide a meaningful push towards ATH. On the other hand, a break below 18900-500 zone will call for a Bear Grip for the time being compelling Lower levels to come.
With market conditions having been oversold on a weekly and monthly basis I cautioned you all to cut all longs between 19740-19840 zone. Nifty extended to 19960 odd and fell. Now on a daily basis, I see markets ready to extend gains to ATH . Prudent to say that fridays low of 19255 odd Must hold now. Even a small dip below this and then an uptick to finish above...