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manotrade28
Sep 6, 2019 2:08 AM

Nifty forming Bull Bat But Bears will Pull down if reaches level 

NSE:NIFTY60
Nifty 50 IndexNSE

Description

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Sorry Guys Had Some work Posting Now.
Since Bears not giving up and bad market news Nifty crawling, Lets analyse what it can do on 6th Sept.
Nifty forming a Bullish Bat, To become active market has to come down to 10696.
Once it comes down, Since FII is pulling out all investment back we may see further down in the market. So be careful.
RSI divergence in Daily time frame. and trying to take support @40.

Nifty probably open gap down around 10800, we will see if it goes up and comes back we can enter in the trade for short side, target 10760, 10730, 10700. hen it reaches 10697 we have to see if any bullish pattern is getting formed, then we can enter for a long trade with a tight SL, of 10680.


sell below 10810
target 10760, 10730, 10700
SL 10840

Buy above 10881
target 10920, 10960, 10980
Another Buy option is the Bat pattern D Leg @10696 as described above

If a gap down happens then wait for pullback then enter for Sell/buy @The levels seeing 5min rule.
Cheers!!

Comment

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Not got any entry yet. But scalped for 5 points in option.

Comment

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No clear movement for Intraday, for risky swing our analysis was done way long back. Since intraday we trade we take our steps very cautiously.

Comment

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My target done, don't want to take risk.

Trade closed: target reached

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Comment

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sell below 10810(Did not come to this level)
target 10760, 10730, 10700
SL 10840

Buy above 10881 (Activated.)
target 10920, 10960, 10980
Another Buy option is the Bat pattern D Leg @10696 as described above

Comment

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All Read the Captions- (Subject line) it tell all, and more in Description.

Comment

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And make sure you book profit!!!
Trend AnalysisHarmonic PatternsChart Patternsnifty50NIFTY
Comments
Sarsans
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Post 2pm directional move expected. Nifty futures should be Long , only if Days high is broken at that time , ie 2 pm
Sarsans
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Trade over. Short at 10948. Sqoff 10922
manotrade28
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@Sarsans, Nice Sir ji.
Trade-aalia
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He has given us the levels ...n one shd trade according to those levels ...someone is goin out of his way to give his views n analysis...shdnt at all b put down ...
leef
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@Trade-aalia, True. Thanks Mano
manotrade28
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@leef, Thank you for your Leef, Cheers!!
manotrade28
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@Trade-aalia, Thank you for your support Aalia.
Trade-aalia
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sir ...thank “U “ for ur guidance and unflinching support !!
manotrade28
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@Trade-aalia, Thank you and welcome , Lets learn and one fine day we will know the exact point of entry and exit for Intraday. RnD is going on.
Anyhow if money is there Swing trading anybody can do.
Sarsans
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Your 2 target (upward) is approaching, manoranjan. Kudos
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