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RARE DOUBLE TOP |
jimmie
Expert
Joined: 13 Aug 2007
Posts: 357
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Post: #1  Posted: Sun Jan 08, 2017 9:13 pm Post subject: RARE DOUBLE TOP |
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Nifty SMA 50 and SMA 200 on EOD charts has made the rarest of RARE double top...
Any guesses where Nifty will be by 2019 ?? |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #2 Posted: Mon Jan 09, 2017 7:46 am Post subject: |
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No idea, why can't you share it?  |
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Atrader
White Belt
Joined: 08 Oct 2013
Posts: 21
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| Post: #3 Posted: Mon Jan 09, 2017 8:59 am Post subject: |
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jimmie i think your pending retest level 6400  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #4 Posted: Mon Jan 09, 2017 4:04 pm Post subject: Re: RARE DOUBLE TOP |
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| jimmie wrote: | Nifty SMA 50 and SMA 200 on EOD charts has made the rarest of RARE double top...
Any guesses where Nifty will be by 2019 ?? |
 
We are layman.....please share whether to sell off our Investments?? |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #5 Posted: Tue Jan 10, 2017 9:18 am Post subject: Re: RARE DOUBLE TOP |
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| jimmie wrote: | Nifty SMA 50 and SMA 200 on EOD charts has made the rarest of RARE double top...
Any guesses where Nifty will be by 2019 ?? |
I AM EAGERLY AWAITING THE "XXX" REPLY = 4444
WHICH "XXX" POSTED 2 YEARS AGO AND STILL WAITING FOR?
I HOPE HE SURVIVED DROWNING IN C$E^^AI FLOODS, NO SIGN OF HIM?
Cheers, Prakash Holla
PS Please also see the post of RITA PANDIT in her thread. NF likely to reach 9100 if holds current levels |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #6 Posted: Tue Jan 10, 2017 5:34 pm Post subject: Re: RARE DOUBLE TOP |
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| jimmie wrote: | Nifty SMA 50 and SMA 200 on EOD charts has made the rarest of RARE double top...
Any guesses where Nifty will be by 2019 ?? |
Why am I seeing their values as 8289 and 8188 
What is the actual value of 50SMA and 200SMA that makes them double top?
Any clues into when has this occurred before in Nifty / Sensex's lifetime? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #7 Posted: Tue Jan 10, 2017 8:05 pm Post subject: Re: RARE DOUBLE TOP |
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| apka wrote: | | jimmie wrote: | Nifty SMA 50 and SMA 200 on EOD charts has made the rarest of RARE double top...
Any guesses where Nifty will be by 2019 ?? |
Why am I seeing their values as 8289 and 8188
What is the actual value of 50SMA and 200SMA that makes them double top?
Any clues into when has this occurred before in Nifty / Sensex's lifetime? |
you are right apka but I guess jimmie is saying it figuratively. So, if trend is to repeat, we should see 13000+ in 2019 though I feel it may happen sooner. |
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hemant.icharts
Site Admin
Joined: 10 May 2011
Posts: 334
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| Post: #8 Posted: Wed Jan 11, 2017 10:47 am Post subject: |
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Interpretation is to its own  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #9 Posted: Wed Jan 11, 2017 5:07 pm Post subject: |
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| woohoo |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #10 Posted: Wed Jan 11, 2017 6:54 pm Post subject: Re: RARE DOUBLE TOP |
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| vinay28 wrote: | | apka wrote: | | jimmie wrote: | Nifty SMA 50 and SMA 200 on EOD charts has made the rarest of RARE double top...
Any guesses where Nifty will be by 2019 ?? |
Why am I seeing their values as 8289 and 8188
What is the actual value of 50SMA and 200SMA that makes them double top?
Any clues into when has this occurred before in Nifty / Sensex's lifetime? |
you are right apka but I guess jimmie is saying it figuratively. So, if trend is to repeat, we should see 13000+ in 2019 though I feel it may happen sooner. |
With nifty giving 15 percent over decades ( I guess!?) this also translates to a 15 percent CAGR from current levels in 3 years...... What would make a difference in your last words " I fee it may happen sooner" .......with 2 years in same level of 8300-8400.... An up break looks imminent! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #11 Posted: Wed Jan 11, 2017 7:16 pm Post subject: Re: RARE DOUBLE TOP |
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| amitagg wrote: | | With nifty giving 15 percent over decades ( I guess!?) this also translates to a 15 percent CAGR from current levels in 3 years...... What would make a difference in your last words " I fee it may happen sooner" .......with 2 years in same level of 8300-8400.... An up break looks imminent! |
Amit, in 2009 I had posted a level of 15750 for 2017. Looks impossible now. Anyway, what I meant by "sooner" was 13000+ may come earlier than 2019, perhaps much earlier.
The reason for my feeling is that India has already delinked from world markets to some extent and it will only increase. Never before market has gone up when FIIs are selling consistently implying huge domestic inflows and in few years I feel FIIs will be redundant enough to affect our market like it did in the past, as our market matures. By one estimate, Indians will pump 15B$ in market in 2017. That is huge money.
I also feel allocation to EMs, and particularly India, will increase substantially in 2017 as developing markets increase interest rates with 2-3% growth and India cuts rates with 8-10% growth. That with low oil price is an unprecedented situation. The result will be re-rating of India. |
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