NIFTY achieved another Harmonic Target of 10525 on Spot. Which was mentioned in my Blog in Previous week. Now major support on Price Cycle is placed at 10370 on Spot holding this NIFTY could extend this rally till 10650
Now the alarm bells are ringing for short term Traders. Because there is an action for every reaction so if you as a trader thinks that market would only move up and up without any surprises then you need to learn alot on market behaviour. That’s not how markets work.
Although the Trend is still up for all time frames but still need to stay alert on higher side. Not to forget to book profits on every important Harmonic Price Point. The entire upmove was easy to trade using The Gann Harmonic Theory since 10021 was broken last week.
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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