Nifty looks like playing within a range. That range is set for today probably.
Thought if we can analyze and set a Nifty target which it could achived in 1st half tomorrow of by 10.30 - 11.00 morning.
We can be wrong for analyzing the technicals and targeting. Here we have not taken any tool suggestion or any news comeout.
Nifty should touch 516 - 513 tomorrow....
Ambuja Cement is moving to different targets
The targes are actually the intermediate support/resistance.
Our T1 already achived.
T1 - 212
T2 - 208
When we observed Ambuja Cement yesterday, we found that it was on a resistance point.
How to know that it is a resistance point ? We see if it is trying more times to go above a point and...
Ashokleyland is on a breakdown - As per the trend.
We expect it to break down and go on a further downtrend. Or it may shoot little up and come down to the target.
So watch and try to understand the action.
We can see the stock is in a bear move. And it is in a symmetrical triangle.
We understand the symmetrical triangle is a temporary pause in...
Adaniports in a down trend and Target 407 - 396 - 374
Please check the chart and analyze the movement.
It is a zigzag correction. And a previous trend is a downtrend.
And we already was expecting to go down and it shown one good bearish candlestick. Check the chart.
From this, we can take our positions.
T1 - 407
T2 - 396
T3 - 374 - T3 has to be analyzed...
We find Maruti Suzuki going bear and we expect it to fall further.
See the Head and shourlders pattern on the chart.
What is heads and shoulders ?
It is a pattern where three trianges are formed, the mid one is called the head, the other two sides are called shoulders. The mid head should be heighest and the shoulders should be nearly equal in a horizontal H &...
Nifty Day setup - Some targets achieved, few waiting
Due to symmetrical triangles ( multiple), there was multiple targets today.
One target is over. Cautious on 2nd target
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Will Nifty repeat 2010 trend.
Nifty is at a decission point where we have hope of moving up.
A straight line upward movement is the hope. But a next big target depends on the next big downmove.
If we try to understand the past and think that after 9 years Nifty will repeat the same trend ! Repeatation of 2010
So a down movement to 10450 level ( 10400 - 10550)...
See from the chart how nifty is moving. Keep this chart and find out the targets yourself.
We can decide ourselves and find out when nifty is going to come down. Target - Very easy from the Chart.
Previously when the breakdown started, we had predicted that the pink line is our trend line. So nicely it is moving as per that.
Refer to the post "NIFTY What was...
Nifty - Watch this channel to find out next move
Watch the nifty movement around this channel.
It looks it should breakout from this channel.
Breakout ? either up or down.
Our previous setups also follow to know where nifty may stand.
We had the morning setup for Nifty as
1. It could move up to 11500 and then down. ( it did not reach 11500, but before that it has gone down) - My wrong plan
2. IT will go down sharply below the pink lines as that are the trend lines ( possible )
Wanted to analyze and see where NIFTY is planning to travel/move ?
1. It has already traveled the target (See the chart) - Now
2. Next target is to hit the Major Resistance. - That looks as possibility
3. Third Possibility is to hit the Grand Resistance. - That looks a possibility if the Major channel gets breakout.
4. If it bounce back from Major resistance,...