I have shared some of my observations on NiftyIndex. I hope some part of this information may help you to build future plans of action. Plz. correct me if you think some rectification needs to be done.
Hit like / comment if you think these observation can be useful.
Trade safe, stay healthy.
Best Regards Bravetotrade
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Kindly notice:
1) Price trend to move in a channel inclined at 30 degree.
2) Historically, fib. time zones have been helpful in predicting tops, although not precisely but approximations were there. A major correction occurred each time that zone was hit.
3) Market has respected 50% retracement mark many times, expect this trend in future too.
4) 1.13 extension has been important for the market and it also coincided with the fib. time zone. If this pattern repeats, we can expect a top in first quarter of 2019.
5) Currently the price is approaching an important 1:1 price extension. But we should respect the price action before hitting the aggressive sell button.