Technical analysis @ AV-Analytics
26 Feb , 2018
My first Post on Technical Analysis on this forum:
Dear All, I have always loved analyzing people and situations. It always triggers my analytical skills to reason out why certain people behave the way they do .This love for analyzing the behavior of people and their reactions, when they are put into certain situations lead me to experimentation and application of my analytical skills to stock market .Technical charts in the stock market are nothing but, the graphical representation of peoples’ behavior. I taught myself technical analysis. It has been a very exiting journey and now it’s been almost eight years since I started on this journey. I fell and I stumbled a lot many times but, still there was something that kept me going. It gave me freedom to be myself and test my skills. For every action of mine I am responsible. My fears and beliefs at times were put to test . I learnt to grow above them. Stock markets teach you spirituality or vice a versa. Both seem to be true. Stock market definitely teaches you to be calm in commotion. It has been a good learning and enriching experience. It’s good to see that one is able to see ahead and think at par with the smartest people.
I am ending this post for now but, will soon be back to share my insights and readings on the stock market. Hope you all will enjoy this journey with me.
19th March ,2018
Weekly Chart – Nifty is expected to open gap down around 10038. Nifty may give a weekly closing around 9968 which is 50% retracement on weekly chart or fall can be more sharp taking it to 61% retracement level of 9717.
Monthly Chart – On the monthly charts Nifty is likely to touch 61% retracement level of 9699 where some buying can be seen helping it to close around 50% retracement level of around 9973 Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.
3rd March, 2018 Week Ahead Nifty:
Dear All ,
Weekly Chart : Nifty is expected to test support of 10300 this week. Next direction will be decided after that.
If Nifty is able to sustain 10300 and buying comes at this level then Nifty will continue to be in the trading range of 10300 and 10594 on immediate basis. If Nifty is not able to sustain the support of 10300 then it will move into the new short term range of 10460 and 9980 with 10460 acting as strong resistance.
Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets
26th Feb 2018 Week Ahead Nifty: Nifty is sitting on the long term support of 10,491.
Weekly Chart: On observing the weekly charts, in the last three weeks it has attempted to breach this support but, has been unsuccessful. This week nifty is expected to open gap up.
Monthly Chart: On monthly chart also the nifty is sitting on the support line which seems to be very strong. Market had been overheated in the last month. It was healthy cooling off. Nifty is expected to resume its journey uphill until and unless something goes terribly wrong in the market. In case, Nifty breaks this support of 10,491 on weekly basis then it may enter into the zone of 10,491 to 9945. Intraday breaches and fluctuations are always possible.
Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.