Last week price can not able to brake the down trend line, which indicates price is still in weakness.
My option for this will continue with option 4. which is SELLING OPPORTUNITY.
STOP LOSS 11525 on closing basis.
HEDGING for long positions is advisable.
(PING me for how to hedge I will show the simple route)
Your Humble trader
If the red line breaks
We are looking forward to test 11000 levels
Tomorrow is important day ,
Finally after side ways plays of market we are ready for some trending moves
Views invited NSE:NIFTY1!
As I am warning from three weeks, that NIFTY is changing from UPTREND to DOWN TREND.
now I confirm the change in trend (well still NIFTY did not made new lower lows as on 21.09.2020 time 8pm).
Remember it is 11 year BULL market and longest bull run in history.
If you want to know what is the second longest bull market, it is happen before...
Last week I started the commentary with five conditions, they are listed below.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
We might be in the middle of trend reversal.
So, here both bulls and bears should take care.
If NIFTY cannot able to close above the red trend line then it signals...
SEE WHERE NIFTY IS NOW .... ?
YEAH NIFTY MADE THIS FAR..(GREAT JOB) >>> I ALREADY POSTED A CHART ON THIS AT JUNE 9/2020 >>> SEE MY OLD POST INCASE YOU WANT TO LOL !!!
OK I AM EXPECTING GOOD REVERSAL FROM THE PRZ (PRIZE REVERSAL ZONE ) REDBOX IN THE CHART.... EXPECTING A 1000 POINTS DOWN ( OMG ) !!!
!!! JUST FOR STUDY PURPOSE !!!
Divergence on oscillators. Bulls lost momentum.
Quarterly results to have little to no effect on the long term as prices have accounted for environmental setbacks.
Corona spreading exponentially, racing with the vaccine.
Buy @ Support levels/Short @ pullbacks
Nifty Intraday - short ONLY below 10525 Spot
SL: 40 points
TGT: 80 point or more.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering.
NIFTY SPOT 8879
RSI helps catch reversals with it's divergence obviously, but as per my observations.
It also expands the zones, like from overbought to more overbought, oversold to ... (You know it now what I'm talking about ;) )
Yes, I'm bearish as long as NIFTY is below the 9132 level on closing basis.
TGT around 8376 level.
Good Morning everyone,
Yesterday We has seen a major dump in Nifty Index. Total correction is 280 points in Intraday. Sentiment is negative as per we yesterday Negative but as I always said that everyday is different then others in Intraday so do not come on next day on previous day sentiment...
SGX is almost 71 Points down atm.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...