IN 2008 WHEN NIFTY TOOK SUPPORT FROM 2200 S LEVEL
WHERE WE GOT STOCH INDICATOR GOT OVERSOLD
AND MADE A TRIANGLE OF CONSOLIDATION FROM 2200 S TO 3200 S WE GOT A BREAKOUT AND THEN MARKET RIDE
ABOUT 3100 POINTS.
NOW IN 2016 SAME SITUATION WE GOT WHERE MARKET TOOK SUPPORT LEVEL FROM 6800 S LEVEL
AND THE INDICATOR STOCH SHOWED OVERSOLD AND MARKET RIDE FROM 6800 TO 8600
AND WE ARE ANTICIPATING IT TO THE LEVEL 9700 S TO 10,400 S LEVEL
2ND CONFLUENCE WE GOT IS THAT THE FIB EXTENSION 1.27 &1.67 AND TRIANGLE RANGE TARGET .
SO MY LONG TERM TARGET OF NIFTY WILL BE IN THE RANGE OF 9700 S TO 10400 S
I THINK YOU GUYS LIKE IT .....
