After Breaching weekly support, Nifty had a decent retracement on upside. I am, continuing with my hypothesis, which is expansion on down side.
It is my personal view, by no means it is an investment advise or trading call.
Was expecting expansion on down side and it did expanded. But, after a while as disclosed in chart drawing, last 3 legs in a black box were beyond scope of my present knowledge.
I would like to still continue with same theme of expansion on down side.
These are my personal views and not an investment of trading advise.
These are my personal views, and is not any trading or investment Advise.
Nifty as expected made a new low, and most importantly confirmed the breach of weekly support formed in the month of Jan 21. It, was expected that way as the daily support in the weekly support zone has already been removed in the month of March 21.
Now, there should be a fresh retracement...
As expected last week we did manage to form a new lower low.
With due diligence to my methods, I presume Nifty is retracing to find the liquidity to fall again.
These are my personal views, not a trading call or an investment advise.
Nifty Analysis Based on zig zag, SR.
Nothing really changed for last two weeks.
Markets have been hugely volatile for past many days. But, providing best opportunities to trade either sides. Without observation of patterns, market may look random. But simple zig zag drawing may give a clue. My opinion is still same markets are expanding its range on down side....
As described in chart drawing, following are the important points I am looking at
1.> Resistance is shifting down after every pull back and new swing lows are getting created.
2.> Nature of this short leg is not fast and abrupt in down side as volatility in falling and recovery leg is almost equal.
3.> Naturally trading has been a challenge positionally, as by...
As described in chart drawing, I see the working range for nifty has widened a bit. Last 4 weeks has been really volatile on either side. It took me a while to adjust my temperament. This week was far better in terms of trading earnings. I hope to continue it in next week.
By: AMGO Markets
Personal views not an investment decision or trading advise.
As described in chart drawing, I will be watching my zones.
Last 4 weeks have been messy in terms of price movements in either directions. But it will surely help us understand the structure in a better way at the end of it.
Moves are so complicated that every one or two days I have to reallign myself.
These are my personal views, not an investement or trading advise.