Bank Nifty Bounces 350 points from Time Cycle Low

Monday, June 19 Leave a Comment

As discussed in Last Analysis   17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday. Nifty bears got whipsawed again as we discussed, Prices again bounced from gann angles as shown in below chart and also closed above 23477 and now heading towards 23760/23900. Bearish below 23400 for a move towards 23300/23150/23000. As we discussed 17 June is important trend change day so low made on Friday is important ie.23391 holding the same we can continue to move higher towards our target.  So we saw the effect of  Geometric time cycle with Bank Nifty up by 250 points and in process doing our 1 target of 23760, Now bulls should hold for 23500 for further move towards 23960/24144. Bearish below 23400 for a move towards 23300/23150/23000.  What Stock Trader can Learn from Doctor

Continue Reading

0 comments »

Leave your response!