Nifty Vs Moon Phases: How interesting is the chart?(educational)
Look at the chart and the effect of moon phases on moves of Nifty. The dark circle resonates with the dates of no moon day and Grey circle indicates the day when we saw a full moon. Invariably in most of the no moon days as can be seen in the chart index is at the peak near no moon day. Then there is a fall seen in Nifty. Recovery starts in few days of Full moon day and then again Nifty makes a peak near no moon day? Is it just a coincidence? Well the chart says everything that I have to say but there is serendipity. If we go by this analysis the recovery in Nifty might be round the corner. Say tomorrow or may be first half of next week.
RSI is currently on daily chart is at 37.9 with supports at 36.43 or 26.21 that was the lowest RSI in the last one year on daily charts.
Bollinger band shows a support zone near 24430 range. That is the place around which we can expect the turnaround. Father line support is near 23389 which currently looks like a worst case scenario. Resistance for Nifty seems to be at 25033 and 25400.
To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
RSI is currently on daily chart is at 37.9 with supports at 36.43 or 26.21 that was the lowest RSI in the last one year on daily charts.
Bollinger band shows a support zone near 24430 range. That is the place around which we can expect the turnaround. Father line support is near 23389 which currently looks like a worst case scenario. Resistance for Nifty seems to be at 25033 and 25400.
To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Happy Candles Investment
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