Technical Analysis for Nifty

There has been a Short Term Reversal from recent lows in last couple of weeks. Prices have overcome the Resistances and Gaps to Trade firm. Is it a complete Reversal making the bias Up or is it a Reaction before the Fall follows again ? Let us objectively analyze and try to find a ' Method in the Madness' with help of the Technicals and combination of them -

Happy Diwali !!!

Wishing All a Very Happy and Healthy Diwali along with a Prosperous Year ahead

Enjoy the Festival !!! Take Care

Elliott Wave Analysis for Nifty

Elliott Wave Analysis helps one understand the prevailingTrend and probable Targets to Trade. Though quite subjective , this theory if used with classical TA methods , is quite handful. It tells the 'Sailor' about the direction of the ' Wind' as well as the distance of the 'Port'.

Lets us now analyze where we are 'sailing' as on date -

Technical Analysis for Nifty

The above Picture was received in a forwarded mail asking to read the word in this picture. Try doing it. You may be able to read a word in it. Try focusing more ,You will find two words in it , 'Illusion' in Blue landscape and 'Optical' in the Yellow.

Similar is the reading of Charts , we tend to see what we believe. But trading it stubbornly can be harmful for the Capital , instead we try to objectively analyze and get some conclusions that should be traded with Flexibility.

The Trading Journal

The Link for the Blog used for Advisory Services  - The Trading Journal  , maintained as a record for the Daily Trading Plans ,Trading Insight , Technical Analysis , Review and Analysis of the Trades executed and Notes for important Lessons learnt in the process is

http://themoneymatrix.blogspot.com/