Unit of Technical Analysis

if Nifty moves above 50% level and holds 17904 we can see an upwards movement

There are 2 120 days cycles 22nd April-20th Aug AND 20th Aug-20th Dec If we divide these 120 days cycles we get a low approx every 30 days

GANN 120 days cycles & 30 days sub-cycles

Stock: Coal India Another Monthly breakout from Range. Bullish Divergence on Weekly Chart, followed by Monthly Trend Breakout Awaiting Backtesting. These stock has moved up with Nifty since 20th December, and good changes if Nifty moves up further. T1: level 1: 203.8 5-6 months T2: 1.618: 262.05 8-12 months T3: 2.618: 356 24 months

Nifty one reversal completed. Let's see how the market responds tomorrow. The trendline is also broken today, so lets wait and watch

Awaiting a good reversal from bottom

18268.8 is 50% of the day range, let's see which direction it moves

MultiBagger (Time frame: 18-24 months) Stock Britannia: Monthly chart: a good consolidation on Monthly (Left) chart, followed by above 50% level support (market with Green Line) Daily Chart: 1. Bullish Divergence 2. Stock has given 3 reversals from 0.236 level of the then range. 3. Breakout from trendline on Daily chart. Good Entry above 3800 on closing basis check out previous breakout on Monthly between 2015-2017 (marked with a Box) We can see a Super Duper target of 4669 (1.618 of 2nd Fibo)/ 5418 ()1.618 of 1st Fibo)/ 5505 (2.618 of 2nd Fibo). Unit_of_Technical_Analysis.

MultiBagger (Time frame: 18-24 months) Stock BPCL: Monthly chart: a good consolidation on Monthly (Left) chart, followed by 50% level support (market with Box) Daily Chart: 1. Bullish Divergence 2. Stock has given 2 reversals once at 0.236 level of the then range and more at 50% of the range. 3. Breakout from trendline on Daily chart. Good Entry above 405 on closing basis check out previous breakout on Monthly between 2011-2013 (marked with a Box) We can see a Super Duper target of 616/687.95/852/ 976.

Now it has given a bullish divergence in Daily chart. Not very optimistic but still value for money in coming days. Not sure for entry till now as it has moved up by 10% from 20th Dec bottom.

Bajaj Auto: Stock has created double top on Jan'21-May'21. from march'20 low to high of Jan'21, it has now given a 50% retracement of Range

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nifty reached 0.786 level of day 18208

Nifty Perfect 0.236 entry

18176 is 50% of day range

Nifty today again respected the trendline and now has started moving up.

Reliance now @ 2560 from 2535 yesterday;s closing

Nifty twice has consolidated for 3 days and given a breakout of around 650-750 points each time as per the trend direction. lets check the details. 1st time on 14th-16th December (marked with a box) Nifty had consolidated for 3 days and then given a breakout of around 750 points. trend was down, nifty moved down. 28th-30th December (marked with a box): again Nifty consolidated for 3 days and again Nifty gave a Breakout of around 650 points before it moved down. On 12th-13th January (marked with a box): nifty is again in consolidation mode, if today i.e. 14th January again Nifty is range bound. Expect good breakout on Monday. If nifty starts moving above yesterday's close, still it will move up but maybe with a slow pace.

Unit of Technical Analysis: Monthly Cycles Chapter 1: Bull & Bear Cycles Chapter 2: Bear Cycle: How to identify Early Stage, the Bear Cycle, End of Bear Cycle Chapter 3: Bull Cycle: Consolidation the Early stage, the Bull Cycle, How to Trade the Bull Cycle Weekly Cycles Chapter 4: Trading Fibonacci Levels Daily Cycles Chapter 5: How to Trade the Market 50% retracement Chapter 6: Fibonacci: Multiple Dimensions: the reversals Chapter 7: The 2-5-8 Support levels Intraday/ Hourly/Minutes Chapter 8: Daily Trade cycles: Daily Intraday patterns formed by Nifty Chapter 9: Trading days/ Non-Trading days Chapter 10: Measured Moves.

This is going to be our next chapter