HDFC - The Controversy Unleashed

24 sept.

Here is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy"
https://www.tradingview.com/chart/NIFTY/vPlLx62Q-Nifty-Analysis-The-No-Nonsense-0-Indicator-Strategy/

Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023

Now by next week - End of September, HDFC would have the a Final Dip to test 1757 levels and then blast beyond the ATH of 1795 lifting Nifty to New Heights and the Target of 26,430

In this entire analysis - we didn't use any Indicators and No "Ifs & Buts". The Top 10 heavy weight constituents of Nifty were decoded, the Nifty's Daily, Weekly, Monthly and Quarterly Charts were analyzed for both Candlestick Patterns and Chart Patterns with Targets.

Once Targets were identified - and basis the status of each of the Top 10 heavy weights, the probable timeline required to reach the target was identified

1. From the Index's (Nifty) price action - the future of individual stocks were determined
2. From the Stock's price action - The Nifty's direction was determined

Only when both matches - the prediction is accurate - just like how we do Division / Multiplication in Maths to re-confirm our arithmetic

We don't depend on ANY NEWS or ANY Expert Opinion or ANY Technical Indicators to guide us. Because, these factors don't handle both Internal and External elements. Either they talk about a Sector but not a stock or they talk about the historical values of a Stock (example: RSI, MACD, EMA, DMA, Bollinger Bands uses historical values of stock).

The Indicators become handicapped when it has to consider the outside elements and hence loses it accuracy and value.

Learn to Stand on your Own 2 Legs...
Ignore the Noise...
Don't follow the Wise...
Make your Own Spice...