NIFTY 50 future TRENDS

Status
Not open for further replies.
Though Falling wedge break out happened on 11th June still Market (Nifty)struggling to move up beyond 5180 TL support at around 5050. No sign of either break down or strong break out..... waiting game is going on,... happy making 25/30 points a day and no carry forward positions.
range of 5050/5150 to shed for any meaning full move..
It is still re-testing the trendline time and again. If it falls through, then we would have a fakeout.
 

sudoku1

Well-Known Member
Nifty has managed to keep above the downtrendline from 5629 and inspite of the bearish engulfing pattern made yesterday & the breaking out of the rising wedge, failed to follow up with more bearishness.
200 dema at 5147 remains the first hurdle which needs 2 b crossed for the upmove 2 resume.Else d bearish target of the rising wedge is achievable.
 

josh1

Well-Known Member
Nifty has managed to keep above the downtrendline from 5629 and inspite of the bearish engulfing pattern made yesterday & the breaking out of the rising wedge, failed to follow up with more bearishness.
200 dema at 5147 remains the first hurdle which needs 2 b crossed for the upmove 2 resume.Else d bearish target of the rising wedge is achievable.
Are you talking of this wedge?
 
50 DMA cross Down 200 DMA had happened March 2011 at around 5600 and made bottom at 4530 TODAY THE CROSS DOWN HAPPENED I don't know the immediate outcome of it but this is surly a bearish signal and a warning bell already rang ....
In my TA experience I observed this event of cross over or down give minimum 10 to 15 % have to wait few more days for full confirmation...(price falls below DMA value)
 
Last edited:
Yaar tell me one thing how do u remove timming to go shot or long do u use any astro techniques :thumb:
Sir,
I am ignorant abt astro tech but my system gives this signal if I can interpret it correctly. It is till on test mode and gives results if I can read it.
For next day my reading is 11:30 - 11:45 is the time when the market will start to move down. I may be wrong.
Another thing : I think the dn trend starts and will continue till 29-06.
Thanks.
 
Last edited:

4209211

Well-Known Member
Sir,
I am ignorant abt astro tech but my system gives this signal if I can interpret it correctly. It is till on test mode and gives results if I can read it.
For next day my reading is 11:30 is the time when the market will start to move down. I may be wrong.
Thanks.
Dear rajasree
i believe u r a girl
first of all please please dont call me 'sir' even i am a student and in top of all i am asking u ur system because if u tell and share with us here we may be able to learn and remove any err if there then lets learn and earn

all the best
 

4209211

Well-Known Member
Breaking NEWS:
SENSEX down 360 pts and NIFTY down more than 3%(180pts) in preopening trades. So I think we will soon get closer to Sudokus target. :)
every 2nd or third day we come near sodukus tgt in "pre open" but no use of it
 
Status
Not open for further replies.

Similar threads