As I mentioned in my yesterdays Blog until the Voletility Index stays above 27 wide fluctuations on both sides should be normal. So need to be completely prepared for all situations as a Trader. Which actually helped yesterday in a very voletile session.
As mentioned Yesterday the price has given a breakout above 10021 so price signal is on upside. But the only problem was Time which remains bearish till Today and Tomorrow because a cycle is ending today and tomorrow so an average high and low would be very useful till the end of next Price and Time Cycle. Currently we are in the cycle which started from 8th of June which marked the exact top of the previous cycle
My Trading Idol Gann said there is an open relationship between a Price and a Time in Financial Markets. So for any sustainable upmove or down move there must be Harmony between both Price and Time. If both Price and Time are on parallel tracks then the movement which we witnessed yesterday would happen again in future as well. Time wont allow higher prices and Price wont respect the bearish Time. In all situations the low of Friday is major support for NIFTY SPOT
DISCLAIMER Views and Analysis Published in this Article is my Personal Opinion. Which is Based on My Extensive Research on Gann Theory,Harmonic Theory and Law of Vibration which exists in Nature as well as in Financial Markets.. My Aim is to Provide the Projected Path for Mentioned Stocks and Indices. Any Trading Positions created on my Analysis has to be on Your own risk. You must Understand the entire Trading Concept before you enter any Trade. Trading in Financial Market is Subject to Market Risk must consult your Financial Advisor before taking any Trades. For any Quaries E Mail me at sahilbelim9152@gmail.com
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