@porinju Fact 1) Nifty Week Started on 23 Mar 2020.
Fact 2) RSI Closed near 19-18.
Fact 3) Most Stocks bottomed around 2020 April End - May Start. (End of market uncertainty)
#NIFTY Elliott Wave:
Low of 22955
Does this mean?
Wave (5) likely done โ weak high + divergence
Current fall = probable Wave A
Larger AโBโC correction underway
Next move up = Wave B (counter-trend)
#DarrKaMaahol
#Nifty 24480
I'm no more bearish at these levels. Probably a bounce and then retest of today's lows (or slightly lower) and that should be it. We then go higher in a 5 wave advance:
@CalmInvestor Calling it โMooreโs Law for cricketโ ignores that the scoring jump comes from rule tweaks and TV economics-billions from leagues like the IPL push flashy tamasha, while Test cricket still remains the format that actually satisfies serious fans beyond the consumer-bait spectacle.
#NIFTY Weekly: 23,164
Lost EMA 20 & 50
Open & closing below 100 EMA. (Last time in Mar-2020)
Near Rising Trend channel support.
RSI ~31 โ bearish near oversold.
Key levels:
23k hold โ bounce to 24kโ24.5k
23k break โ 22k / 21.9k (200 EMA)
Reversal only on weekly close >24k.
@Sahilpahwa09 ๐Hi Sahil Bhai,
Yeh #TTKPrestige khel gaya. Long term channel breach karke Timepass kar raha hai. Chart aur EW update kardo to help ho jayegi pata lagane me Iska prestige High hoga Low.๐
#DBL#DilipBuildcon Weekly close above Long term Trendline with Volume spurt and RSI BO and closing above 60 is a sign of strength.
#Analysis : All Eyes on Monthly Closing.. If Monthly closing sustains above this Trendline with good volumes then Fireworks expected ahead.