Ichimoku Diary

[moody_man]

Hello there,

I am posting after a long time, and we have witnessed a lot of action.

WRT nifty please see the chart below how the 4H cloud (time frame) resisted price action (at the top right) and now nifty can make a double bottom if today's price is held (-20 to 30 points)

See the candles on the left-hand side..Nifty has immense support here..lets hope this is not broken on the downside.

Cheers guys!

 

[devangan123]

Dish tv and adani ports facing cloud resistance , will be intresting to watch their movement in 2-3 days

 

[moody_man]

Nifty Update

It has smartly closed above the bottom of the weekly cloud (spikes allowed)

Follow up on monday can lead to targets of 5674 (Kijun - blue line) at the least by next two weeks

Interesting times ahead !

 

[moody_man]

Apologies for not being active, Will try to post an update every week.

 

[moody_man]

Nifty Update:

Nifty seems to move as per expectations, but the cloud on the 4h seems to show some resistance and we could possibly correct from here.

MoodyMan

 

[moody_man]

Nifty Update -

It took exactly two weeks to get to the 5674 as envisaged.

Nifty blew past the 4h cloud which was posted earlier.

Road Ahead -

On the daily, although it still has legs to up further we are going to face resistance when we hit the daily cloud around 5775-5800. Once this level hits we will be able to assess further moves.

Moodyman