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30 October 2016 : Praveen Kumar : Wishing you a very happy and prosperous Diwali 2016 !!!

Good Evening,
Wishing you and your family a very happy Diwali.
Well, its a traditional day to write my forecast for next 12 months. Last year I gave a price target of 6500-6000 in post Diwali day and we got a lot at 6800. You can read again in this link.

 http://viecapital.blogspot.in/2015_11_11_archive.html?m=0

I need to quote for this year. Please refer to this chart and i keep it as simple as it can be.

Regards,
Praveen Kumar 
I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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