Have a look at the chart .
The last time weekly close above 7000 we had stupendous rally of 2000 points .And now just look First weekly candle Below 7000 .If all goes right then we are heading for 6731 - 6300 - 5800 - 4800 - 3900.
Remember this is the Dreadful Larger IIIr'd Wave . I don't say that we will come at once. This doesn't mean extreme bearishness . Breather rallies will be there . One from 6731 - 7244/7244 - 6300/ .These are the two possibilities that i am looking till May End.
Respect the Levels and Trade accordingly . As such we are in a long term bear market cycle of 8 Years again .
Happy Trading ! !
The last time weekly close above 7000 we had stupendous rally of 2000 points .And now just look First weekly candle Below 7000 .If all goes right then we are heading for 6731 - 6300 - 5800 - 4800 - 3900.
Remember this is the Dreadful Larger IIIr'd Wave . I don't say that we will come at once. This doesn't mean extreme bearishness . Breather rallies will be there . One from 6731 - 7244/7244 - 6300/ .These are the two possibilities that i am looking till May End.
Respect the Levels and Trade accordingly . As such we are in a long term bear market cycle of 8 Years again .
Happy Trading ! !
nilesh bhai eight years cycle may be taken as tops every 8 years, 1st top=1818(february2000),2nd top=6357(january2008),3rd top must be in 2016 according to 8 years cycle,please clarify.
ReplyDelete@JSRM All time monthly chart Posted
ReplyDelete