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Shivaji Vitthalrao🇮🇳 Profile picture
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22 Feb, 5 tweets, 2 min read
Nifty Sectors

1. Nifty FMCG - Breakdown can test 31850 green line
2. Nifty IT - Below 24300 momentum on downside
Nifty Pharma - Serious breakdown can do 10800
Nifty Auto back in reverse gear. support at blue line
Nifty Metal threatning to break with raising wedge formation on 240min chart. suppor at greenline

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More from @shivaji_1983

Shivaji Vitthalrao🇮🇳 Profile picture
19 Feb
1 observation made on Index since feb 2014 which I will reveal to limited people. 😀👍

#Secret 😁😁😉😉

Please do not DM me😀🙏🙏
Nifty Observation

1. Since 2014 all rallies lasted for either 6 or 13 months pattern.

2. Current rally if repeats history expect good correction from 23rd March or 6th April 2021(13th Month)

3. All the rallies retraced 38-50% of previous move in 2-3 months Image
4. Except 2015-16 fall (9119-6825) which took more time to correct rest all the falls are done in 2-3 months

5. 13 is a fibo number. Expect either new high or lower top formation. Let the market decide it. Strength of next upmove will decide the next big move in markets
Read 6 tweets
Shivaji Vitthalrao🇮🇳 Profile picture
23 Sep 20
Nifty Analysis

1. Dow theory considers only closing price

2. Since March 2020 index making Higher top and higher bottom pattern.

3. Last major bottom was at 10880
mini bottoms at 11,110 and 11,185 which were breached in last 2 days. Indicates short term down trend Image
4. Last top was at 11794 and then at 11618.
Previous bottoms 11,100 and 11185 were broken yesterday as shown by green lines.

5. Till last major bottom 10,880 is not broken, we may not see major downside.

6. Index dint close below 11100 though intraday price went till 11,020+ Image
7. As long as price is above 10,880 major bottom it may go into sideways. only a close below 10880 can give more downside targets.

8. After rally from 7500 to 11800 index at times goes into sideways if major bottom is not broken. Break below that confirms medium term down trend Image
Read 27 tweets

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