What a day it was for BankNifty today !!! :) :) :) Big SMilesss on puts for me...after breakdown of support as shown yesterday! Hope you had a great day too !!! Bless You !!!
Dow theory ! Yes, Dow theory is not bent yet!
Trend is our friend until it bends.
Applying Fib retracements from each significant Low, the reversal is coming from a 50% level.
So, expecting a reversal from the 50% level 34830 - 34960 where there is a gap too.
This gap may act as support. Or it might get partially / completely filled before resuming upward journey.
Contrary view : There is a red inclined Trendline. If it breaks, then aggressive shorting below 34630 level seems good for immediate targets of 34000.
Dow theory ! Yes, Dow theory is not bent yet!
Trend is our friend until it bends.
Applying Fib retracements from each significant Low, the reversal is coming from a 50% level.
So, expecting a reversal from the 50% level 34830 - 34960 where there is a gap too.
This gap may act as support. Or it might get partially / completely filled before resuming upward journey.
Contrary view : There is a red inclined Trendline. If it breaks, then aggressive shorting below 34630 level seems good for immediate targets of 34000.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.