- HI Friends..i hope u r reading this page with a smile today...see how BEERBAK KI CHACHI RELIANCE played out as planned and analysed...moreover nifty is also being kind enough to be in line with our analysis..
- Yesterday when i mentioned in the blog to go long above 4930, many of u would have thought that i had gone crazy..but see a pure 50 points and more to come..
- In the above chart dear RCG Ji has given us the subfractals of the counts which he has been sticking to for last few sessions where in rest entire fraternity was creating such a gloomy picture..as i mentioned a couple of days back KEEP SMILING AT THE FACE OF THE PROBLEM..THE PROBLEM WILL ALSO SMILE WITH U...
- This is the likely structure of the wave which started at 4760..comments from RCG ji are enclosed in the chart itself..
- Well if we cross 5006 then the count of ABC will have to be seen as 12345...as 4825-5006 is exactly 1.62 of wave A...twenty day ema is at 5009..5010 is a very important pivote...and 5012 is very strong retracement level....so if we are above 5015 then 50-60 point jump is in offing...
The above chart is intraday nifty chart... the white line is lower channel line of previous upmove from 4720-5169..that should impose important resistance...so at the crossing point of the blue and white line there should be important resistance...and a small retracement is expected..
- well this is a 15 min chart...and the white channel is the guide line for all holding longs including me...one candle closing below the lower line means retracement has started...
- Good point is that on min chart nifty is above all important emas and all of them have turned the direction...
I want to thank nifty and reliance charts for being so kind and interactive with us and giving us good profits too..good luck
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