AbhishekHSinghCMT
Short

Nifty- Complex Channel Correction Unfolding-Below 8775

NSE:NIFTY   NIFTY 50
384 17 13
Break below 8775 shall take Nifty             in the zone 8745-8755-there it should get support-once getting a support look for a price bounce till 8800-8810.

Remember Any Break Above 8820 will carry Nifty             upside in new zone or else if it gets hurdle close 8810-8820 zone -one can take a small stop loss above 8820 for targets again 8745-8755.
or

Selling close to channel top in the zone 8810-8820 with a strict stop slightly above 8825 for Targets 8745-8755

Regards,
Abhishek H. Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
udaya.gujaran
3 months ago
So its making a flag....for uptrend ?
Reply
AbhishekHSinghCMT PRO udaya.gujaran
3 months ago
looks like but these flag patterns have become common & boring
Reply
AbhishekHSinghCMT PRO AbhishekHSinghCMT
3 months ago
Markets are dynamic & evolving, so we need to look out for new patterns. This is the main reason why trading system fails
Reply
udaya.gujaran AbhishekHSinghCMT
3 months ago
So It was a flag for uptrend.... I am new to this market...and excited to read the structure .... :)
Reply
AbhishekHSinghCMT PRO udaya.gujaran
3 months ago
Yeah, you could take this as a flag- I am generally not fond of flag patterns- as a newbie its a good tech pattern to learn.
Reply
13:15 Hrs-IST-2nd Sep2016- Likely it is risky call as it should have fallen by this time in the zone 8745-8755. One should keep strict stop above 8790 & above or exit & look to buy in the zone 8745-8755 when some bounce is seen.
Reply
AbhishekHSinghCMT PRO AbhishekHSinghCMT
3 months ago
either we should look to sell from channel top in the range 8810-8820 -make sure it should not cross 8825 or buying when Nifty dips to the zone 8745-8755. Regards
Reply
14:25 Hrs-IST-2nd Sep2016- Nifty touched the channel top- High of the Day@8809.40 - we shall look for some confirmation if Nifty wants to fall from here else going above 8825- It will go into a new trending zone.
Reply
14:32 Hrs-IST-2nd Sep2016- We won't take short if Nifty crosses 8815.
Reply
14:50 Hrs-IST-2nd Sep 2016- Going Above 8825 - Likely it should be in the zone 8850-8860
Reply
uttamtrader15 AbhishekHSinghCMT
3 months ago
Any long term counts?
Reply
AbhishekHSinghCMT PRO uttamtrader15
3 months ago
Long term counts- Sorry, there are so many counts, which is why I am interested. Short term counts are currently working fine.
Reply
AbhishekHSinghCMT PRO AbhishekHSinghCMT
3 months ago
I am not interested in long term counts as there are so many -which I can count - something which can give money is short term so I am going with short term counts
Reply
15:30 Hrs-IST-2nd Sep2016- My God -High was 8824.10- This is seriously a dream -I saved my self going long- which I was interested only above 8825. This is called a trap which I visualized realtime. Regards
Reply
uttamtrader15 AbhishekHSinghCMT
3 months ago
Sir you mean bull trap...? or only for intraday?
Reply
AbhishekHSinghCMT PRO uttamtrader15
3 months ago
Its was Intraday- as soon as we cross 8825- we will start zooming upside. Like we get a drop in the range 8745-8755- that is the best range to buy. Aren't you using an Indian version of tradingview- change the country symbol on left top corner or open https://in.tradingview.com - tradingview specially for Indian Traders
Reply
theeye
3 months ago
super move ....following the line upside
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out