| View previous topic :: View next topic |
| Author |
Opportunity is Now-here |
kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
|
Post: #271  Posted: Sun Jan 17, 2016 9:46 pm Post subject: |
 |
|
| turtlecsi wrote: | Here is Monthly Log Scale Chart of Sensex... Indicating Huge Support around 24500...+/- 200 points. For NS its-7500 +/- 50 points. If Market takes support here.. It could easily Double from here...
Turtle
|
Hi Turtlecsi
Now that the markets have turned Turtle ( Pun intended ) would be great to have an update from you.
Regards |
|
| Back to top |
|
 |
|
| |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #272 Posted: Mon Jan 18, 2016 7:05 pm Post subject: |
|
|
a twist 
If 9119 was BEAR a RALLY in EW parlance ..... And a running correction is going on now ..,,,,
A NEW low can be formed below 7200 where we shall have C leg ..... And then a ferocious (in terms of price) bull with start.... Timing I can't say
Otherwise current C leg is placed at 5119 from where the rally last started ........
If not a running correction then we shall see pullback from ABOVE 7200.....
Note that one wave up (of 300-400 points ) from whatever low is formed can be had and a final push down happen in this scenario as well ( a test)
Then we would have to redraw the trendline slightly..... That s all |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #273 Posted: Thu Feb 04, 2016 7:22 pm Post subject: |
|
|
| amitagg wrote: | a twist
If 9119 was BEAR a RALLY in EW parlance ..... And a running correction is going on now ..,,,,
A NEW low can be formed below 7200 where we shall have C leg ..... And then a ferocious (in terms of price) bull with start.... Timing I can't say
Otherwise current C leg is placed at 5119 from where the rally last started ........
If not a running correction then we shall see pullback from ABOVE 7200.....
Note that one wave up (of 300-400 points ) from whatever low is formed can be had and a final push down happen in this scenario as well ( a test)
Then we would have to redraw the trendline slightly..... That s all |
That's exactly how nifty is behaving 7200 above low rise of 350 points (400 from 7200) and a test goog on!!!!!!!
So understand and wait - things to clear by Nifty itself |
|
| Back to top |
|
|
AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
|
| Post: #274 Posted: Thu Feb 04, 2016 7:25 pm Post subject: |
|
|
| Thanks . |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
