Updated: Jan 1
From Mid May #Nifty50 Has Never Made a Lower Low But It Has now Gone Below The Daily Trend line So there is Possibility that "Higher Highs And Higher Lows" formation may Change.
#Nifty50 Again Bounced From last low.
Mind: Know it's time to short
Chart: Nahi Nahi Abhi Nahi.....
#Nifty50 Pattern changing to
"Lower lows Higher highs".
Shampoo wala pattern ban Raha hai kya?
Meanwhile Me: Yeh Kahan aa Gaye hum.
#Nifty50 Becoming stronger and stronger
Crossed the resistance(11,600) and went to a high of 11,800
Now taken retracement at 11,600 Level.
#Nifty50 Reached an All-Time High Yesterday closed above 13,000
From talks of reaching 7,000 to now talks of reaching 15,000.
#Nifty50 What a volatile year for markets Nifty move from ATH to 7,500 levels and back from 7,500 to ATH.
5 Year Move in a Year...
#Nifty50 Update After a break down of 600 points in a single day and then back to its path on an all-time high. It has now reached a trendline resistance from the March lows. But the momentum still looks strong and of course, retracement is always appreciated.
Sharp up move from 13,700 to15,400 was seen, then to Nifty was not able to cross its resistance and again started falling and now has broken recent support.
#Nifty50 After an long bull run now taking rest.
Sideways from last few days.
Strong resistance at 15250-300 and support at 14400.
This expiry is very important as its an yearly expiry.
#Nifty50 at Crucial Juncture
After Touching ATH of 15,400 It is forming an Falling Channel pattern Plus Monthly candle for March month has been an Doji(Forming Evening Star) And on top of that #COVID19 Cases are rising.
Even after all this I am still Bullish.
#Nifty50 New ATH?
From almost 3 month low to 2 month high #COVID19 cases started decreasing lockdown is unwinding back to positivity Where is Nifty heading now 16,000?
#Nifty Waiting for 16k to now making highs of 17,400+
It has been a one-sided move after 16K was crossed.
Now, this is what #bullrun is,
Considering march high(20) it is up by 40% And 40% for sure doesn't mean Bullrun.
Stop finding tops and enjoy the ride.
#Nifty 17,600 will now play as a very imp support, upside is tho open. Nifty gave highest D,W closing Even though global markets don't seems to be strong Indian markets are able to hold very strongly and now the result season has also started so P/E would be in focus.
#Nifty50 Noting to say, Just enjoy the fall
#Nifty50 18,600 to 16,400(-12%)
On weekly basis nifty has managed to close above 17k. Will this down trend continue or will we see a Consolidation? I am betting on Consolidation(many reasons)
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