Unit of Technical Analysis

Language will be English. Hindi: We have other group those are interested can join in the Hindi Group.. https://t.me/+qMRZg4DAjoIwNjg1

This is the Link for August'2022 Batch Unit of Technical Analysis:Chapter 1-10 Training batch. Webinar will be on Weekend Saturday and Sunday only. time 9-10 pm IST. Fees: Nil. (conducted under, Packback to the Society initiative ) Those interested can join the above link. Those who have completed the course previously can avoid as same things wil be repeated.

Nifty 2010-11 Bear Cyle updates: Nifty during the Bear cycle of 2010-11 took the following turns, from the Bull cycle high of 6335.9 on 8/11/2010, Nifty made a low of 5195.9 on 20/6/2011. It reversed upto 5740.4 i.e. to 50% level which was 5765.9 on date: 8/7/2011. It took 242 Calendar days (167 Trading days) (8 months) from this High, which was the last High, market started sliding down towards the completion of Bear Cycle, low of 4531.15 on 20/12/2011. It took only 165 Calendar days (109 trading days) 5.4 months to cover this 1209 points the 50% of the Bull cycle was also 4295.63. from low of 2252.75 on 27/10/2008 to high of 6335.9 on 8/11/2010 around 2 years. It took 407 calendar days (276 Trading days) from the Bull cycle high on 8/11/2010 to low on 20/12/2011. Current 2021-22 Bear Cycle. We are currently around 280 days (9.2 months) from ATH of 18604.45 on 19/10/2021 and our 50% level is 16894. while current level is 16719.

Nifty 2015-16 Bear Cyle updates: Nifty during the Bear cycle of 2015-16 took the following turns, from the Bull cycle high of 9119.2 on 4/3/2015, Nifty made a low of 7539.5 on 8/9/2015. It reversed to upto 8336 i.e. to 50% level which was 8329.35 on date: 26/10/2015. It took 236 Calendar days (159 Trading days) (7.7 months) from this High, which was the last High, market started sliding down towards the completion of Bear Cycle, low of 6825 on 29/02/2016. It took only 126 Calendar days (86 trading days) 4 months to cover this 1510 points the 50% of the Bull cycle was also 6825. from low of 4531.15 on 20/10/2011 to high of 9119.2 on 4/3/2015 around 3 1/2 years. It took 362 calendar days (245 Trading days) from the Bull cycle high on 4/3/2015. Current 2012-22 Bear Cycle. We are currently around 280 days from ATH of 18604.45 on 19/10/2021 and our 50% level is 16894. while current level is 16719.

That looks like a Cup nad Handle

trail your SL, if you are in upside entry

Hopeful for upside movement further

16685 is again 0.786 level of day range,

hopeful breakout after gap filing

Nifty Resistance Previous High of 3rd June: 16793.85 50% of range from ATH (18604.45) to 17th June Low (15191.1): 16893.95

Equinox and Solstice part 3

Equinox and Solstice part 2

Equinox and Solstice part 1

Price: 16893 Time: 8th August 2022, is it?

expecting a gap up tomorrow, Bullish engulfing in daily, not much useful at the top but still chances are high

Closed for the day