INDEX OBSERVATION
- -ON DAILY CHART THE STOCK IS FOMRING A DOUBLE TOP FORMATION
-CRUCIAL POINT 14450
-NOW THE TRENDLINE IS VALID AND WE HAVE RECEIVED CONFIRMATION
-YESTERDAY MARKET EXACTLY CLOSES ON THE TRENDLINE
-ALSO TOOK SUPPORT 50 EMA
-TWO IMPORTANT TRIGGERS ON THE DOWNSIDE
A)NIFTY BREAKS BELOW THE BULLISH CHANNEL ON CLOSING BASES
B)AFTER RETEST OF 14450 MARKET BREAKS BELOW ON CLOSING BASES
-IF THE ABOVE CONDITIONS HAPPEN WE CAN TRIGGER ANOTHER 800 POINT CORRECTION
-ON THE UPSIDE LET INDEX FIRST CAPTURES ITS DAILY 20-EMA AND A CLOSE ABOVE 15000
-THEN A RETEST OF PREVIOUS HIGH CANNOT BE RULED OUT
-THEN WE WILL HAVE A FOLLOW UP
-FOR NOW THERE IS NO SIGNS OF BULLISH REVERSAL
-IF AFTER GAP-UP MARKET FAILS TO SUSTAIN THEN MY 800 POINT THEORY WILL BE IN ACTION
Nota
PLAYED OUT PERFECTO!
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TRADERSMOJO TELEGRAM CHANNEL
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.