In my last analysis i have marked the supply zone at 10137 but price moved higher than that and made high of 10178. With this the supply zone moved higher as in smaller time frame chart we changed the trend at 10178. As a result of this we have price trading in supply zone only.
Price bounced twice from demand zone around 9680, as we have marked in earlier analysis.
The imp question is what next? the simple answer is go back to basics. I am mentioning few trading possibilities below.
1. Traders can short at current price (If price opens or trades in supply zone on Monday) with keeping demand zones as targets. 2. Going long is another option (If price trades above the supply zone in which we are currently), trailing the stops with the price swings is the best way to lock the profits. 3. Third option is to continue to be in long trade and trail the stops with swing. Short only when price closes below previous swing low on 15mn chart.
There is lot of discussion going on about future of NIFTY in this and next month. I also have published few charts which are trying to judge the time at which we will make top(this is pure R&D that i keep doing on time and price along with astrology), but that doesn't mean i am using them for trading, For trading i always use the technical setups only.
Below dates were imp according to time analysis , on our imp date we had bearish engulfing and on next day price moved higher. 15/9/2017 to 17/9/2017 27/9/2017 to 29/9/2017 9/10/2017 to 11/10/2017
In near future below mentioned dates will be imp. Along with these dates keep the Full Moon and New Moon dates marked on chart.
@anupminj7, i mention in my analysis only. Check my analysis.
dhananjay.d.joshi
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I hope traders were benefited with the time analysis.
dhananjay.d.joshi
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No new analysis on nifty this week i will continue with earlier demand and supply zones and time analysis. Follow the structure as we are in the uncharted area.
dhananjay.d.joshi
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We are at the important price and time junction and hence observe the price action carefully. 3/11/2017 was our imp date, after 3rd markets will open on monday 6th November 2017 hence 6th also becomes imp
dhananjay.d.joshi
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3 times Price bounced off the channel support line.
sanketpu99
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How much time framed moving avrages ?
dhananjay.d.joshi
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@sanketpu99, do you see any interesting thing in it?
?