CNXIT - Has the Up -Up & Away Started@9500-9600 Zone
Diupdate
Total gain was 1200-1300 points from last session
The move from 9295 to 10590 looks like an initial impulsive upside push has completed & later move from 10590 (Critical Level) -it was some complex structure which could have completed the corrective sequence at recent lows@9592 or part of the correction which will be confirmed once it starts moving above 10590.
Trading Strategy
Once it starts moving above 10590 -that will be our initial clue to take long position & later on should cross the falling channel & finally sustain above the channel for an explosive move upside. Moving above 10750-10800 zone likely it travels 161.8% of the initial push from 9295 to 10590 which comes in the zone 11700-11800 as the target zone.
or if it fails to cross 10550 & sustains below 10400 for a day or 2 then likely this correction becomes a time consuming affair & shall possibly dip again.
Review of the last scenario
Bang On for the move - sell setup gave 500-600 points move downside & waiting for markets to show us the way next - which indeed jumped from 9590 lows & travelled close to swing highs 10550(Key Level)
[/B] - almost 700 points more on the upside.
You would love to read my previous updates
CNXIT - W=Y=Z is the Equation Solved- Another Clue for India Nifty
CNX IT - Revist - Sell Setup below Rising Trend Line
The move from 9295 to 10590 looks like an initial impulsive upside push has completed & later move from 10590 (Critical Level) -it was some complex structure which could have completed the corrective sequence at recent lows@9592 or part of the correction which will be confirmed once it starts moving above 10590.
Trading Strategy
Once it starts moving above 10590 -that will be our initial clue to take long position & later on should cross the falling channel & finally sustain above the channel for an explosive move upside. Moving above 10750-10800 zone likely it travels 161.8% of the initial push from 9295 to 10590 which comes in the zone 11700-11800 as the target zone.
or if it fails to cross 10550 & sustains below 10400 for a day or 2 then likely this correction becomes a time consuming affair & shall possibly dip again.
Review of the last scenario
Bang On for the move - sell setup gave 500-600 points move downside & waiting for markets to show us the way next - which indeed jumped from 9590 lows & travelled close to swing highs 10550(Key Level)
[/B] - almost 700 points more on the upside.
You would love to read my previous updates
CNXIT - W=Y=Z is the Equation Solved- Another Clue for India Nifty
CNX IT - Revist - Sell Setup below Rising Trend Line
Trade aktif
09:40 Hrs 21st Feb2017Last Price@10760
Very Strong - Channel Crossed & moving as expected above 10590 -Wow!
Trade aktif
22:30 Hrs 4th March2017Last Price@10806
Price has crossed the channel, but doing very suspicious just above the same, so bulls have to be careful here for coming sessions.
Trading ditutup secara manual
20:00 Hrs 9th April2017Suspicious - Suspicious & Suspicious . Falls from 10800's to 10500
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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