neilroy7

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Markets Allocation
100 % indices
Top Mentioned Symbols
NIFTY 100% | 4
neilroy7 neilroy7 NIFTY, 15, Long ,
NIFTY: Nifty should reverse from 8430 obeying an old trend line.
120 1 3
NIFTY, 15 Long
Nifty should reverse from 8430 obeying an old trend line.

Nifty currently should reverse from around 8430, which would mean it obeying an old trendline on a hourly chart. There are two different counts for Nifty, the ones in read are the secondary and one in dark blue are primary, Both of them show that we should take a good upmove after the fall today. Keeping in mind next week is important, and according to the ...

neilroy7 neilroy7 NIFTY, 15, Short ,
NIFTY: Nifty seems to have reversed from 8670
158 7 7
NIFTY, 15 Short
Nifty seems to have reversed from 8670

n my previous post I gave the reversal from 8550 towards 8620 to 8700 with an explicit warning that it should not cross 8700, Nifty made the recent high 8670. As mentioned before I was expecting it to be a correction so it took a while to complete the pattern, Now it seems to have reversed. Now It should form a 3 or 5 wave structure downward, but it should break ...

neilroy7 neilroy7 NIFTY, 60, Short ,
NIFTY: Nifty can reverse
162 0 3
NIFTY, 60 Short
Nifty can reverse

if the upper resistance line isn't broken then chances are nifty can reverse for another low, as all the structures made here are 3 waved structure, and it doesn't seem ready to go up just now. Count invalidates if the line is broken.

neilroy7 neilroy7 NIFTY, 15, Short ,
NIFTY: there can be a fall in nifty after this normal upmove
123 0 3
NIFTY, 15 Short
there can be a fall in nifty after this normal upmove

current structure shows that we can see a final leg towards upside than there could be a fall following. but to note that nifty should not proper break the upper channel line.

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