This is basis two things from 2015 when similar patter emerged. I have matched with 2015 keeping the time lengths in mind. 1. What are the phases? 2. How long do the phases last? IS there any match with Elections for the final pump heading in 2024 Generals? All the points match up beautifully to the perfection. Please refer to my previous one given below for...
Exact same H&S forming, even the ratios of length of distribution(in terms of days are similar) Expect one more bounce from the neckline to trap the final set of bulls in July before breakdown in August. Trade, but keep your SLs tight.
Since the year 2000, when NIFTY 500 was born, the last peak was always touched before upwards and onwards. That is the entire living history of NIFTY. NIFTY 500 is the broadest perspective of the market, so there's a 90% chance your stock is in this index. This time, it's different?
A clear head and shoulder is forming, a storm is coming. But cant imagine it will be worse than 15800
Important Break of Falling Trendline Confirmed Support from 2020 Covid low Trendline Breakout After M Two more resistances 18242 and 18464, if taken out -> 19000 Recommend playing with swing trades - Stocks stronger than Nifty in Nifty 50 like LT, ITC, HDFC Bank etc
Easy to see When futures premium > 50 start buying puts When Futures premium <0 start buying calls
Look at all other instances of trending up-runs. During a 'pullback' what constitutes a 'pullback' and what is a 'change in trend'? It's 0.236 of Fibonacci - you fall below it, you are bound to touch 0.5 at least, so any close below 18380 gives you 17800 as a target to start acquiring. No need to short if you are not confident, but you can book minor profits as...
CPR is the single most powerful and easy to trade indicator in NIFTY. Do you have the patience for the price to come to you?
A sudden peak in volume is awaited to reach a conclusion. But, helpful for long hedged positional trades. Also, upcoming divergences anyone? Stay safe, keep SL's tight. Always near the exit door when party music is loudest.
The lines of MFI drawn here are from .... 2015 Yes, thats right, thats how long these things showcase patterns for. Go ahead try it out, its insanely accurate. This bear Market semi rally should end at 16400 before reversing to 15600. It's enables it to hit the trendline, as well as fulfull MFI (and RSI key levels not shown here) EASY TRADES Short NIFTY when...
Wyckoff in NIFTY, albeit slanted. Slanted Wyckoffs are rare, but they do happen. Wonder if it will try to fill that lonely gap at pre covid support. Will need falls in Reliance(Oil crashing), IT (Recession fears US) and FMCG(Inflation). Banks will see selling due to high FII holding.
Update on last 4 NIFTY Predictions : 4/4 Correct with precise targets. EMA150 is very curious. In the 4 drawdowns of bear markets, it has touched when it was a crash It bounced off from around 25% when it was just a correction Sep 2022 - Looks like make or break. Coincidentally US Recession is more or less confirmed that month since June quarter GDP data is...
If you havent figured it out yet, god bless you. Oil prices impact will be seen in this quarter in July, to plummet the price. Good luck!
A 50% rally from pre covid also means a minimum touching of -25% is needed before a heathy upmove Negative July Results June and July Rate Hikes Will ensure we hit these, RSI needs to be create double bottom - please check 2014-15 chart before for exact similarities
In part 1 you can see 1. Decresing RSI 2. Multiple Bear Rallies of 10-15% 3. Bounce offs from previous rally points Bottom at double bottom of RSI and breaking overall trendline
They are the ones who always get beaten up. Look at history, tells you a story
Logic is there in the charts. All triggers point towards a much lower low going by historical precedence. Check my previous charts to see the accuracy of my previous analysis.
Doesnt even need any explanation. Market will use poor results of FMCG, Fed Rate hike, RBI Rate hike, as an excuse to drag itself to those levels. Only a strong confident breakouts can save. Buy OTM puts which are dirt cheap.