NIFTY 50 future TRENDS

[subratdas]

Sudoku,
Will nifty hit 4499 within this series?

Thanx/Subratdas

 

[EagleOne]

Ouch!!!!
That was my head I hit on that down sloping TL.
Bring on our friend on the tramp (Taurus started something.). She is getting ready to fall through the floor, which is the black UP TL drawn from the 4-hour chart.

If this view is wrong, I'll be eating crow, things will get ugly, and big mama got thrown off the tramp, and Pips will be back with egg on his face with the alternate view.

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Seems likely, buddy. Remember, we all heard Nifty saying the other day. 'next station:4900. Please mind the gap'?

 

[timepass]

If this view is wrong, I'll be eating crow, things will get ugly, and big mama got thrown off the tramp, and Pips will be back with egg on his face with the alternate view.

Another alternate view, Pips. The downsloping TL was decisively broken today and the momentum may carry it to the clouds, maybe even pierce and enter them, but not enough to carry them to the other side. 49xx seems to be the upper limit for this leg and then the down side picks up, but simply to meet this TL again. Then another upleg should resume. The longer it takes to enter and come out of the cloud, the deeper the fall.

PS : This is just my view and I could be right (for a change)

 

[EagleOne]

Hi Paul,

4840 was breached decisively. the large body of a candle break on the upside also qualifies a trend change?

awaiting for your review.

thanks

DOW is almost knocking at the 2nd highest YR as we speak. FTSE is doing the same. Need I go on further? :lol:

 

[timepass]

Ha..ha...haaa!! :lol:

All big mama has to do for me is to open tomorrow where she closed. I promise I will remain Bear; will never grow horns again - not even for 10 min scalping! :lol:

Seems likely, buddy. Remember, we all heard Nifty saying the other day. 'next station:4900. Please mind the gap'?

So, suddenly you are growing horns, what ??

 

[EagleOne]

Another alternate view, Pips. The downsloping TL was decisively broken today and the momentum may carry it to the clouds, maybe even pierce and enter them, but not enough to carry them to the other side. 49xx seems to be the upper limit for this leg and then the down side picks up, but simply to meet this TL again. Then another upleg should resume. The longer it takes to enter and come out of the cloud, the deeper the fall.

PS : This is just my view and I could be right (for a change)

TP, as far as I know Ichi, the above underlined scenerio rarely happens. Everything being equal, more than 8 out 10 times the candle stream sees the other side of the cloud it enters.

 

[EagleOne]

So, suddenly you are growing horns, what ??

I always keep a spare pair under my pillow - in case, you know... :lol:
Other way of looking at it is, I am ambidextrous. An oppurtunity to excercise my right-hand once a while is always welcome!

 

[timepass]

TP, as far as I know Ichi, the above underlined scenerio rarely happens. Everything being equal, more than 8 out 10 times the candle stream sees the other side of the cloud it enters.

As explained by Pips elsewhere, the cloud is fresh and the candles are tired, so they will make an attempt at the cloud but will have limited success. This was seen recently in September/October (the red cloud before the present one).


I can see what makes you so ornery : you are ambihornorous

 

[EagleOne]

I can see what makes you so ornery : you are ambihornorous

:lol: :rofl:

 

[timepass]