Nifty - Quarterly Chart To all those "Useless" Media Channels & TV Analysts who are trying to Panic retailers scaring them about a Major Correction / Crash in Nifty - everytime Nifty hits a new ATH - Here are detailed evidences to Debunk your "Bed-time" Stories Don't waste our time giving the same reasons of Over-Heated RSI, Over-Valued Stocks and all the more...
There is a divergence in the daily chart and this wedge indicative , we have a fake trend
Market makers made that friday sunday/monday tuesday trend (faketrend). Wedge is already made in late NY session (fakepattern). Probably low volume in asian and if price make a break out to the highs in london session to the upside this confirms my short and then we have that signature trade. Same setup as I published previous week on EURUSD, please take a look....
Posted this analysis yesterday. Today we had the break out above the asian range that means were going down. Tomorrow in london session I want to see a break below the asian range to 4H bullish orderblock. If something happens like drawn out I will long this pair. First profits will be taken at the highs of wednesday , tuesday and monday to hit stop losses and buy...