NIFTY - when the chart speaks






To click the above chart to get the zoom view.

NIFTY (7785)

As per my understanding, distribution already done and next process of fall also already started so expect 25% to 30 % fall from the High of 9119 , after that the next accumulation process will start ,  afterwards  next  rally will follow.
In between , may or may not,  some pull backs will come and go and these are all, can treat as, steps of the process.

***

pull back means 8000+ , 8200+  or even 8400+

25 % means 6800+

30% means 6300+

Let us see what going to happen in the coming weeks and months...

***





Popular posts from this blog

Graphite electrode - other side view

What are graphite electrodes and needle coke?

Welcome SAMVAT 2074 - What will going to bring this year? & How much ?