This blog attempts to analyze movement of Nifty through the age-old Point & Figure method.
Weekly chart would imply the movement of Nifty for the weeks to come and not necessarily the immediate next week. Same is true for other time frame charts. As price action unfolds every week the charts speak for due course of action.
DISCLAIMER: NOTHING IN THIS BLOG SHOULD BE TAKEN AS TRADE ADVICE
Weekly DOWN. Daily bounce-back. Bullishness above 5600. Bearish below 5420.
UP side will get layers of resistance and consolidation, but DOWN side post 5420 targets 5220.
Hi Rajib,
ReplyDeleteGood to see your post, pal.
:D
Takecare, bye!!
Hi mo h,
ReplyDeleteThanks buddy. This is my second home, always love to be here. :)
Regards,
Rajib