Dear all,
FYI…. No recommendation. Only as information….
NIFTY WEEKLY CHART
Source Telequote
HISTORY REPEATS IT SELF As we have witnessed the Pre - election breakout has just started today, with a Triple Top Breakout can also be seen on the NIFTY weekly chart.
This time the Breakout is exactly 8 weeks before the result and the 9
th week is the judgment day (Result 16 May)
And in the 12
th week we could witness the immediate top.
The pre-election breakout thrust was till 3700 that’s approx. 15 % rally from breakout from 3200
So if we calculate breakout from 6356 the rally comes to 7309 that is (15% of 6356=953) 6356+953=7309
And after the result the market gave a GAP UP rally and went up to 4692.
If we calculate total rally 4692 – 3200 = 1492 that’s almost 46% rally from the breakout
So if we calculate breakout from 6356 the rally comes to 9279 that is (46% of 6356 = 2923) 6356+2923=9279.
But conservatively we take T1 of 7400 , T2 7817 (50% rally) and T3 8168 (61.8% Fibonacci level) and 9279 (100% Fibonacci level ).
Strategy = Go Long on NIFTYT till 6200 (CMP 6500) , SL 6000 TGT 7300-7800 (1-3 Months)
FYI…. No recommendation. Only as information….
NIFTY WEEKLY CHART
Source Telequote
HISTORY REPEATS IT SELF As we have witnessed the Pre - election breakout has just started today, with a Triple Top Breakout can also be seen on the NIFTY weekly chart.
This time the Breakout is exactly 8 weeks before the result and the 9
th week is the judgment day (Result 16 May)
And in the 12
th week we could witness the immediate top.
The pre-election breakout thrust was till 3700 that’s approx. 15 % rally from breakout from 3200
So if we calculate breakout from 6356 the rally comes to 7309 that is (15% of 6356=953) 6356+953=7309
And after the result the market gave a GAP UP rally and went up to 4692.
If we calculate total rally 4692 – 3200 = 1492 that’s almost 46% rally from the breakout
So if we calculate breakout from 6356 the rally comes to 9279 that is (46% of 6356 = 2923) 6356+2923=9279.
But conservatively we take T1 of 7400 , T2 7817 (50% rally) and T3 8168 (61.8% Fibonacci level) and 9279 (100% Fibonacci level ).
Strategy = Go Long on NIFTYT till 6200 (CMP 6500) , SL 6000 TGT 7300-7800 (1-3 Months)
great calculation sir and it was in march u predicted 7200 -300 i think great anticipation
ReplyDeleteplease keep it up and guide us god bless you
Thankss alot sir maam add me on yahoo abhishek_kalra95@yahoo.com
DeleteThis comment has been removed by a blog administrator.
ReplyDeletesuperb
ReplyDeletethankss alot sir please join our site by clicking on mentioned link
Deletetotally profit gaining information has been shared today and as well as every day...
ReplyDeleteHNI calls
ReplyDeleteThe Dow Jones industrial average fell for the first time in 10 days on Thursday, closing lower even after a small gain after the open of trading took the benchmark to a new record.capitalstars