I'm going short bcoz
The flag pattern is common to go short
The cup formed .....u might not know of it or like it but history repeats itself okay
My indicators however are signalling a high I know prolly temp but long run this is
Going down strong so entry isn't now but we gone wait n see
Accumulation now distribution u feel
We Have an Analysis Of INDIA50 H4. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction Because The Market Price Already Decline From the Previous Support Level @11281.9 & the Market Also Retest The Trendline As well As. Now Market Have New Target(Resistance)@11508.0
Something major spooked markets all over the world today. There are loads of theories out there. For Technical Analysts, it doesn't matter too much. 'We' just need to catch the change in sentiment in time.
The India50 - often called the NIFTY - made a massive trend switch - best seen on the 1H time frame. Big dumps like these usually see follow through - how...
The Indians are looking weak on this 3D time frame.
The theory of curves says (at the moment) that price is losing steam for the north. South is the greater probability estimate. Note: this leaves a residual probability for the north.
Disclaimer: Lose your money and sue yourself!
This is the INDIA50. Lots of people are not interested in this but interest is growing. I show how I assess probability for the south for a short entry.
Disclaimer : As usual this is not a recommendation to trade securities or derivatives. If you lose your money kindly sue yourself.
The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.
In this screencast I review a number of indices: the ACWI, US30, NASDAQ100, India50, Japan225 and SPUBYUP.
The picture is pretty grim. Some say that the world is heading into a deep recession that's likely to be worse than 2008. Some of course say 'no chance'.
The India50 and the Brazil60 are the two main indices, yet to take a nose dive.
The India50 is...
'Everybody' is watching the S&P500 and Wall Street. Some may have forgotten about the India50 (the NIFTY). It appears to be troubled. I've shorted at what I estimate to be a turning point (which is not advice for others).
If this falls, it could be ugly.