It didnt matter which companies they are? which sectors they belong to ?
Say let it be Banks( Axis,Yes bank) Autos (TATA Motors,Maruti Suzuki),Manufacturing ( BHEL,Hindalco) or Commodities (GOLD).
I have checked this pattern and I have derived an equation which gives 2 numbers which could be the high and low of strong BUYs or a Strong SELLs.
I will give a clear example on one index and one commodity.
INDIA NIFTY;
9069-9097 strong sell shows a strong buy at 6886-6829 which in turn shows (intermediate Buy /Sell ignored) 11689 -11873.
GOLD:
BUYs 1044 - 1055 shows strong sell at 1636-1666 ( ignoring intermediate Buy/Sell).
6825 is low of India Nifty.
1666 is the expected high of Gold as of now.
My equation shows 6824 is related to 1666.
1055 is upper buy of Gold
9110 was the lifetime high of India Nifty.
My equation shows 1055 is related to 9034.
I am right now working on the possible highs of Nifty 50 stocks.
Say let it be Banks( Axis,Yes bank) Autos (TATA Motors,Maruti Suzuki),Manufacturing ( BHEL,Hindalco) or Commodities (GOLD).
I have checked this pattern and I have derived an equation which gives 2 numbers which could be the high and low of strong BUYs or a Strong SELLs.
I will give a clear example on one index and one commodity.
INDIA NIFTY;
9069-9097 strong sell shows a strong buy at 6886-6829 which in turn shows (intermediate Buy /Sell ignored) 11689 -11873.
GOLD:
BUYs 1044 - 1055 shows strong sell at 1636-1666 ( ignoring intermediate Buy/Sell).
6825 is low of India Nifty.
1666 is the expected high of Gold as of now.
My equation shows 6824 is related to 1666.
1055 is upper buy of Gold
9110 was the lifetime high of India Nifty.
My equation shows 1055 is related to 9034.
I am right now working on the possible highs of Nifty 50 stocks.
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