NIFY 200 representing much more broader market shows and throws interesting pattern. The circle range 7600-8000 range currently at 7860. Shy of 2% move. A break above 8000 (more probability) would push it towards the 8300-8400 area. While break of 7600 looks possibility but less probable. At best market may move in range. Today's action is crucial. In sum no need...
Bullish Bat Pattern on Daily Chart of Nifty 200 index
Hello Traders, thank you all for your comments and feedback to the video issue. I decided to turn back to the one with written words. As we all see now, it is very helpful to comment and/or give feedback at anytime. Again, thank you for your support. Lets analyse today NIFTY200, which in my view shows the clearest pattern at moment for Indian Markets, as did...
Hello Traders, please have a look to my analyse of both Indexes! Feel free to ask or comment.... Have a great weekend... ruebennase Questions and Comments are welcome! Note!---> This analysis can be wrong. It is just in my view the one with the most probabiltity with the Data which are available to me and by my interpretation of the EW Theory. If you trade this...
Hello Traders, as I wrote some hours ago traders create a "bearish Engulfing" on a Daily basis at NIFTY200! This reversal Candle got played out and decent sales pressure comes into play. By not counting the Index it still looks for more trouble ahead just even a countertrend push is to expect! The RSI dropped well below the 50 point zone but still hase the chance...