Archive for July, 2018

ST strength continues till “above” the recent pivot low “@ 11262”

Corrective phase of larger t/f in NIFTY such as month & week:  The fall from 11172 to 9952  is continuing the counter trend rally which can move upto 1.236 times “A” wave @ 11460 (invalidation being 11925), after which it’ll resume the downtrend in their deeper correction, the confirmation of it would come whenever prices break & remain below 11090; the current rally from 10935 is unfolding, only two scenarios would remain – one bullish which requires 50% – 61.8% retrace to hold while the other bearish to break them..

Nifty: ST direction is “UP” with prices closing above all  “HEmas ”. Read the rest of this entry »

4 Comments

Bearish Targets surpassed with a Gap @ 11185 – 221 for bullish target

Corrective phase of larger t/f in NIFTY such as month & week:  The fall from 11172 to 9952  is continuing the counter trend rally which can move upto 1.236 times “A” wave @ 11460 (invalidation being 11925), after which it’ll resume the downtrend in their deeper correction, the confirmation of it would come whenever prices break & remain below 11090; the current rally from 10935 is unfolding, only two scenarios would remain – one bullish which requires 50% – 61.8% retrace to hold while the other bearish to break them..

Nifty: ST direction is “UP” with prices closing above all  “HEmas ”. Read the rest of this entry »

8 Comments

Gap @ 11093 & the retrace of rise from 11,126 are critical; Target @ 11,162 done, another ST T @ 11,207-217.

Corrective phase of larger t/f in NIFTY such as month & week:  The fall from 11172 to 9952  is completing a counter trend rally, after which it’ll resume the downtrend towards its lows namely 10033, 9688 & 9521 in their deeper correction, the confirmation of it would come whenever prices break & remain below 10900; vth of the current rally from 10558 nearing targets – 11207-217; once done, only two scenarios would remain – one bullish which requires 50% – 61.8% retrace to hold while the other bearish to break them..

Nifty: ST direction is “UP” with prices closing above most  “HEmas ”. Read the rest of this entry »

18 Comments

Just Nifty

Get Rich Slowly & Quietly...

Nifty Trader's Resources

Get Rich Slowly & Quietly...

Stock Wealth

Get Rich Slowly & Quietly...

Stock Market Chart Analysis

Get Rich Slowly & Quietly...

Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

the ELLIOTT WAVE lives on

OEW: an Objective approach to the Elliott Wave Theory

Bramesh's Technical Analysis

Pattern, Price and Time: Using Gann Theory in Technical Analysis