Gaps Shouldn't be underestimated. Link to my previous post about gap ups and down and its trade setup :
But in this bullish market sometimes logic fail. The more you go to a longer Time Frame the more space allocation is to be given to the underlying. For NIFTY it stands to be at 11800 Level. But the gap up is a good thing, it should be seen as "NIFTY leaving a reason and a hint with you that It will rectify itself and act normally from that level". This growth currently happening is very fundamental and after any correction going back to the upper level would be a realistic rather than optimistic. But market has its own trajectory that it should follow, deviating from it invites correction. Price zone extends till 11381 and taking some time would be preferable. Time zone for correction is mentioned.
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This the reason 25th Sept was mentioned in the chart. And market gave enough time to wind up the old and initiate the new positions.
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Missed by just 8 Points Today. I hope it does tomorrow or else no regrets. Time line mentioned and price was well respected by Nifty.
(If nifty reverses from this point then a deviation or error of 8 points by 1 day) Predicting such movement a week before is little tough
トレード終了: 利益確定目標に到達
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Mark the two vertical lines. Downside journey start date and target end date. All calculation were done more than a week before.
I Thank NIFTY for respecting my time and price analysis and didn't disappointed me for the 8 points. In fact all the gaps were filled in all time-frames even 5 Mins at 11270 LEVEL.
Mark the two vertical lines. Downside journey start date and target end date. All calculation were done more than a week before.
I Thank NIFTY for respecting my time and price analysis and didn't disappointed me for the 8 points. In fact all the gaps were filled in all time-frames even 5 Mins at 11270 LEVEL.
AdarshDey
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Missed by just 8 Points Today. I hope it does tomorrow or else no regrets.
Time line mentioned and price was well respected by Nifty.
As it was mentioned taking some time would be preferable, Market did well by slow downside consolidation.
***(Assuming nifty reverses from this point then it will be a deviation or error of 8 points by 1 day. Even if it touches the level afterwards the error would be same)
Predicting such movement a week before is little tough. So please excuse us :)
AdarshDey
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Update: This Chart was posted on 23rd Sept. And First Time zone that was mentioned was 25th Sept and NIFTY Respected It.
On 24TH Sept NIFTY formed a "Bearish Harami Cross" and and on the mentioned date ie. Today, It recorded a huge fall towards the gap(TARGET) filling it Half-Way.
Any Inquiry or Views & Suggestion are always Welcome.
Thanks
I Thank NIFTY for respecting my time and price analysis and didn't disappointed me for the 8 points. In fact all the gaps were filled in all time-frames even 5 Mins at 11270 LEVEL.