madhavan_sridharan

madhavan_sridharan

Looks like Nifty is embarking on a major move here. Managed to close past convincingly the twin tops around 18600/18800 levels. Will be tracking this chart for now

madhavan_sridharan

View on Nifty - From the swing high of 18880 levels this seems to be a corrective pull back (bearish N waves as observed from the earlier top of 18600levels). It appears that the possibility to break 17400 is quite high and subsequently additional swing lows perhaps at 17000, 16600 and 15970 are possible. My own favorite is some where at 16600 levels. This would...

madhavan_sridharan

Bearish N wave in Biocon - the bearish retracement met its target of Fib retracement levels and possible continuation of the downward is in act.

madhavan_sridharan

For a change, bears have taken steps and bulls took the elevators - as the saying goes - pull backs are violent during bear phase. The retracements in the first two down moves were swift and higher than the fall. The last leg of retracement took longer.. are we seeing a reversal here?

madhavan_sridharan

Coming out of 15years high. a close above 128 indicates fresh legs for 199 and more..

madhavan_sridharan

Nifty - would 15976 offer any support?? Assuming that level holds, possible pull back to 17206 or 17603 is what one can look forward to as the next lower high

madhavan_sridharan

Tracking Nifty on Ichimoku breakdown as well as Fib break down levels.. let see how it pans out. we are looking at 15000 levels there about

madhavan_sridharan

The forecast lines using Ichimoku principle. Close up the downslopping red lines - would turn view to bullish while close below upsloping blue lines means the downtrend continues - which appears to be a preferred choice as both daily and weekly we have bearish Tenkan/Kijun setup

madhavan_sridharan

IS Jan going to rangebound..? Break above the downslopping lines from the high means more strength. Will be watching whether the pull back holds the support line.

madhavan_sridharan

Nifty - continues its bearish N wave and looking forward to keep its date with the next time cycle for lower low

madhavan_sridharan

Will Kijun resist ??

madhavan_sridharan

Nifty on Daily.. looking at a 1000 point range leading to the Budget.. let see what is in store

madhavan_sridharan

The earlier view got negated as we broken below the previous swing low and made a new low. Once price closes below the upsloping lines then we can expect a down move in Biocon and we may see 340 levels again..

madhavan_sridharan

Nifty view analysis.. it appears the bullish N wave is still intact.. are we going to see a new termination of the N wave and if so where??

madhavan_sridharan

Lets see if this price elements do play out

madhavan_sridharan

Tracking its progress.. as Kijun support on weekly..

madhavan_sridharan

Would it be a false breakout or a retracement to support??

madhavan_sridharan

Bullish Tenkan below the cloud and Chikou moved above price and now pricing inching above cloud.. can this move higher?