Market Trend!

[Raghuveer.rv]

Hello Every Body,

This is my first Thread and i Have registered to Traderji today. If you want to know more about me you can check it at the WELCOME thread.

I am here you share the current Market Trend that i have studied. we Seem to be in a Short term Down trend but we are near very Important Support Level. As you can see in the chart attached it shows we are near a Support level and if that level Breaks we should see futher weakness until 12,500. We seem to be in Elliot wave 3 Which means we are in a strong Downtrend (Shrt term). I guess the volatility Should be Comming Down starting tomorrow if the Levels Hold and a Pull back up till 14,900 seems to be on the cards.

Lets wait and watch to see what Happens.

Views of the Forum Members would be Appreciated!

Thanks
RV

 

[Raghuveer.rv]

Still Awating Forum Members View on The chart Posted

RV

 

[swagat86]

Aget Mob is a gud one. Also try Ellipse.

 

[Raghuveer.rv]

i Guess if Mob is Broken Then Using Ellipse would be a good idea to show the Next Support level.

 

[kkseal]

Would like to get AW views on the following Sensex lvls :-

A touchdown (close to the previous lows) at 13675

If it doesn't end there, then the levels of 13000-13200 & 12660-12760.

(13000-13200 looks a particularly good bottom out level to me both Technically & Fundamentally)

Worst case : 11000

Regards,
Kalyan.