As per my last sell Trade this is the updated chart According to the price movement seen in the Market.If you're holding Shorts than you can keep the revised SL above the B wave(Blue color) and book it at Buy Zone 1. Switch your trade to buy side if Nifty reverses from from the following levels.
Strategy: 1> Start adding buy Quantities as per levels mentioned and your risk reward ratio. 2> Strict SL at 10100 level (Sl is high but will be reversed to cost as soon as it reverses). Happy to help :)
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Market held green labelling true. will post a new trade as per the green wave formation as this trade (which had its analysis as per blue waves) didn't initiate.
we are back in the channel, a rally to the channel line is possible. it's a long long bull market
MeetShah0f
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@Sinfulguy, My Green color Count is the alternate one(waves in the chart). wave 5 will end up there(Its Target 1 level in the chart technically). If market holds the bull run then 10705-10750 range should be a good place too short. will post tomorrow if market stays bullish. what's your target?
Sinfulguy
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@MeetShah0f, i think it will play in the 10600-10850 range for the next couple months, hit the trendline somewhere in jan and then start a rally to hit 14k levels in aug 2019. Check out my analysis
MeetShah0f
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@Sinfulguy, Saw your analysis and liked that opinion. i feel market will play between 10450-10750 Range and then we can see a up move. I appreciate your analysis too.
we are back in the channel, a rally to the channel line is possible. it's a long long bull market