Nifty - Completed the 'w' pattern today!
Some people were laughing and were in disbelief when I posted (Link below) and wrote around two months ago that there could be potential double bottom 'W' pattern on Nifty with an unbelievable (at that point of time) target of 8600. Today it is complete.
This doesn't indicate that I am a Nostradamus or astrologer! ha ha! Trading is a game of probabilities. We should be prepared to take chances with good risk management.
We enjoyed the rally in Nifty and BankNifty thoroughly. Now, from here on, cream has finished, game will become tough and will have to work very hard to make money.
Cheers.
This doesn't indicate that I am a Nostradamus or astrologer! ha ha! Trading is a game of probabilities. We should be prepared to take chances with good risk management.
We enjoyed the rally in Nifty and BankNifty thoroughly. Now, from here on, cream has finished, game will become tough and will have to work very hard to make money.
Cheers.
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