#Sensex turns 60 & #Nifty50 approaches 18,still there is a lot of disbelief over the performance of our indices.

I would say most have fallen prey to this disbelief & very few have been able to participate this rally with moderate conviction

Celebrating arnd 21 would be great!

TA tools helps you guage present & future price action based on its past performance.Its first principal states 'History repeats itself' & we may be at the cusp of the same again.

Chart attached observations will help us understand what can be learnt from our immediate past..
Weekly ADX hitting 50 with RSI around 80 looks like a repeat of May 2014 & June 2017 events where the trend strength indicators had hit their respective overbought zones but price action continued to scale higher by 20% respectively before concluding a top.
Incase if this sequence continues & history repeats we may see the 18k Nifty entering its 21k zone.

It is said..
#18 is an age of discovery where everything is possible & tomorrow looks friendly.
I pray this holds true for our #Nifty50 as well 😁🙏💸🥂

#HappyWeekend

More from Sacchitanand Uttekar

#CandleTrading Mega move
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Why ? Coz, Heikin dependence on previous candle data delays its signal.

Ideal combination for #Traders; By keeping both the time scales constant.
Do try it 🤗 https://t.co/VSv8lhkAAq

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The first ever world map was sketched thousands of years ago by Indian saint
“Ramanujacharya” who simply translated the following verse from Mahabharat and gave the world its real face

In Mahabharat,it is described how 'Maharishi Ved Vyasa' gave away his divine vision to Sanjay


Dhritarashtra's charioteer so that he could describe him the events of the upcoming war.

But, even before questions of war could begin, Dhritarashtra asked him to describe how the world looks like from space.

This is how he described the face of the world:

सुदर्शनं प्रवक्ष्यामि द्वीपं तु कुरुनन्दन। परिमण्डलो महाराज द्वीपोऽसौ चक्रसंस्थितः॥
यथा हि पुरुषः पश्येदादर्शे मुखमात्मनः। एवं सुदर्शनद्वीपो दृश्यते चन्द्रमण्डले॥ द्विरंशे पिप्पलस्तत्र द्विरंशे च शशो महान्।

—वेद व्यास, भीष्म पर्व, महाभारत


Meaning:-

हे कुरुनन्दन ! सुदर्शन नामक यह द्वीप चक्र की भाँति गोलाकार स्थित है, जैसे पुरुष दर्पण में अपना मुख देखता है, उसी प्रकार यह द्वीप चन्द्रमण्डल में दिखायी देता है। इसके दो अंशो मे पीपल और दो अंशो मे विशाल शश (खरगोश) दिखायी देता है।


Meaning: "Just like a man sees his face in the mirror, so does the Earth appears in the Universe. In the first part you see leaves of the Peepal Tree, and in the next part you see a Rabbit."

Based on this shloka, Saint Ramanujacharya sketched out the map, but the world laughed