Manoj's Trading Diary

manojborle

Well-Known Member
View attachment 23667

Finally ADX below 25 and RSI too at 65 levels.
Now its just about ADX sliding further and price making 1-2 new highs to form a valid divergence to start good correction taking Nifty to 9000 levels in a period of 1-2 years.
:)
screenshot_849.png

Finally it made high about 600 points from the day I posted. First halt seems near 10500, for trend to remain intact it should not fall below 10033 and if RSI makes a lower low with low in price remaining above 10033, there will be hidden divergence with another new high as target.
If 10500 doesn't hold then 10200 seems to be support for Nifty.
As said in previous post measured move was complete and now its time to form a new range probably 10200-11200 and If RSI do not hold 40 level then 9000 level will be seen in a year or 2.

:)
 

manojborle

Well-Known Member
I will be posting my trades here at end of the day for sometime :)
 

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