iCharts Discussions

RAKA · White Belt Joined: 10 Jun 2007 Posts: 37

Nifty indeed made a high of 2782 as predicted (2780). So tomorrow nifty should open gap down and protect the high made today to further verify my analysis. If it gaps down then we will see sideways movement with downward bias for next few days. Lets see.

sandew · White Belt Joined: 02 Feb 2009 Posts: 174

raka, i see three white soldiers - what prompts a gap down tomorrow mar 17th strictlyl ooking at charts.

RAKA · White Belt Joined: 10 Jun 2007 Posts: 37

Dear Sandew,
Today`s gap down prediction is based on time analysis. It has nothing to do with the given chart. The chart was given to find out the probable movement of nifty. And yesterday`s high prediction was based on the imulsive character of what u call 3 white soldiers. Moreover the trendline which is drawn in the chart was also showing resistance at 2780. And my visualisation for this upmove was inverse head and shoulder which you can see `is being formed`and for that nifty has to come down to make right shoulder. I hope I explained you properly.