Posted on 12th Feb at
8:16AM
On my chart,
the Feb 10th, ±1 low which is yet to happen...... is the final low for a few months.
My final target is
6870, ±4 from here it is slightly up to sideways.
The low was
1 day late, at
6869.6 spot
The moment of truth approaches............
will the 12th Feb low hold or not?
This is what really riles me, changing my post into something I never said
The next high is on Feb 23rd, followed by a doji low on the 25th.
bhai seedhe seedhe kyon nahi batate ki we will touch low again - I'm interpreting seedhe seedhe for rest
24 to 27 - WRB Zone (Wide range bar : WRB)
High - 23rd Feb --> 7310/7317
Doji low -> 25th Feb
Net Net - Post 23th Feb high - we will see low and low - and the low will be very low - may touch the previous low
My post was very clear about a doji low on the 25th,
where did I say that the low will be lower than the previous low?
Since it's a prediction game , let me butt in too . Taurus has good record of predicting it . Nobody is always right so this can be taken in stride . It would be wonderful to know how he does it
I predict a low on Nifty on 1st March +/-1 trading day
Welcome durgesh, good to see +10 yr members posting.
With reference to the high that came in on the 22nd, 1 day earlier than my forecast ........
Strictly speaking, there was no choice. I always keep a
±1 day margin of error in every forecast.
This time I did not keep the ±1 since
there are only 2 days between the 23rd high and the 25th low.
Keeping the usual ±1 day is equivalent to saying that the
24th can be a high and low on the same day.
There is no point in even trying to calculate the low of today since the inversion on the 17th has thrown all calculations off.
The low is probably between 6960 and 6869.
My earlier forecast of
7313 still holds, more on that later.