Wednesday, December 2, 2015

Nifty Ready for a Breakout ??

Having reliably predicted a breakout (October 2013 ) and breakdown (March 2015) on the earlier two occasions,   the trigger line on TTO has once again positioned itself  for a breakout as it attempts to cross the zero line.

A crossover  would indicate a change in the long term trend on Nifty monthly charts which would coincide with wave 5 with higher targets in 2016.

The next few days would be critical to  decide the further trend  of Nifty.

Nifty Monthly