General Trading Chat

[sanju005ind]

Haha. Post time 2:46. Commentators curse.

View attachment 24291

Found the fundamentals good.Started acquiring it for portfolio.

 

[sanju005ind]

Final downmove is likely to be fast and furious where lot of capitulation will take place and traders and investors will start doubting the bull market.

Just my reading....

ST

Yes agree with you. folks are not yet spooked. Once it breaks the 10K things will start to be real interesting.

 

[timepass]

The larger picture is scarier (weekly)

It is taking the pattern down to 8200 or so

 

[sanju005ind]

The larger picture is scarier (weekly)

View attachment 24293

It is taking the pattern down to 8200 or so

Come to think of it when Nifty PE goes to 19-20 then 8200~ levels are appropriate. Currently it is around 24..87. Who knows we may go there

 

[MSN1979]

The larger picture is scarier (weekly)

View attachment 24293

It is taking the pattern down to 8200 or so

Any trader would wish this would be a 5 /10/30 min chart .

 

[vikas2131]

Final downmove is likely to be fast and furious where lot of capitulation will take place and traders and investors will start doubting the bull market.

Just my reading....

ST

This ...Untill this happens we wont have a bottom and it will only happen when are below 200 dma ...

 

[Raj232]

A new trend will begin on March 22/23, similar to the cutover where the Daytime will be longer and nights shorter. It will also coincide with the 200-DMA around the same time where 200 DMA will be tested and re-tested till a trend emerges on March 22/23.

 

[traderniftybull]

A new trend will begin on March 22/23, similar to the cutover where the Daytime will be longer and nights shorter. It will also coincide with the 200-DMA around the same time where 200 DMA will be tested and re-tested till a trend emerges on March 22/23.

Please be more specific, if you can, particularly with the trend that may emerge on March 22/23.

 

[traderniftybull]

The larger picture is scarier (weekly)

View attachment 24293

It is taking the pattern down to 8200 or so

Yes, this one is right, but not that scary, as you are saying.
Lets see if NS breaches more than 100/200 points, below neckline. BTW, how you got this figure of 8200. Please check again.

 

[onequorauser]

Come to think of it when Nifty PE goes to 19-20 then 8200~ levels are appropriate. Currently it is around 24..87. Who knows we may go there

Well what is to say PE should be 19-20? history...? When in history did you have a situation when you could borrow money at almost negative rates? I dont think it is apple to apple comaprison when comparing historical PE with the liquid-flush situation we have here