InsiderB
Short

Nifty50 Bearish Cypher & Bullish Divergence ( Choose wat U want)

NSE:NIFTY   NIFTY 50
11 months ago
Its very rare to squeeze out very good risk reward ratio's while trading with cyphers. Even sometimes we may have faced situations like inverted risk:reward in cyphers.

But we have rare chance, where the bearish cypher on NIFTY             50 offering risk reward 1:3(approx.).

Cyphers D leg in Nifty             is now on par with X. As all conditions of cypher is still valid its good chance to go short.

Before entering on Monday please check your Entry, Stops, Targets as per your trade plan

Moreover, D completes around the resistance area which has been tested 3 times and if you have keen eyes don't miss out the hidden bullish divergence with higher lows( Nifty             50) and lower highs ( RSI ).

So we can expect a small pullback to 7600's to 7750's before Nifty             moves further up.

Hit Likes / share n comment your views..

Happy Weekend !

11 months ago
Trade active: Order Filled.. Now lets wait for What Nifty offers us... + or - ..Lets wait !
11 months ago
Comment: With 55mins remaining for Day's close, Nifty heading for Lower close than prev.day(Friday)..Waiting for our Cypher Targets to b achieved
11 months ago
Comment: As expiry is just a day away,Nifty playing hide and seek with us and if you go down one timeframe (4h) or even hourly , we can clearly see a Double top formed with Bearish Divergence.

Our stops aren't hit till now, and the ideal range of stops for this Double Top will be 8010's to 8040's.

Just checked in morning and noticed this, that's y sharing with you Guys !
TheBoss
11 months ago
Hi...Bearish cypher means short, but thr is bull divergence too, what to do ?
+1 Reply
InsiderB TheBoss
11 months ago
Two scenarios possible...A move straight up or move up happens after pullback, if later happens then our cypher will be profitable !
+1 Reply
AMBRISH
11 months ago
Clear View.
+1 Reply
InsiderB AMBRISH
11 months ago
Thank you !
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VPS
11 months ago
Great analysis!
+1 Reply
InsiderB VPS
11 months ago
Thank you !
Reply
AMBRISH
11 months ago
7589.77 is cypher target?
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InsiderB AMBRISH
11 months ago
Ambrish, 7550's to 7590's will be ideal range.. Sometimes, if we mention exact price, chances are there for not getting filled, that's y suggesting target range.
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AMBRISH InsiderB
11 months ago
Thanks, exact price does not matter. range is enough, i hope it comes in April expiry .
+1 Reply
InsiderB AMBRISH
11 months ago
Yes..Fingers Crossed !
Reply
AMBRISH
11 months ago
O K.
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VPS
11 months ago
The RSI made lower lows. So, it is bullish or bearish divergence?
+1 Reply
InsiderB VPS
11 months ago
if you refer 4h charts, its Bearish Divergence... Bullish Divergence will be forming when RSI forms higher lows while getting out of oversold condition
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yeoledinesh
11 months ago
Please suggest , When to enter for buy or range for it .
+1 Reply
InsiderB yeoledinesh
11 months ago
Dinesh, you are asking for Long term or swing trade ?
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yeoledinesh
11 months ago
For long term
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InsiderB yeoledinesh
11 months ago
As of now entry @ 7700's and stops below 7500's.. But Am still waiting for bear cypher targets, so there is no reason for Me to get long here . Hope that helps !
Reply
vishalmetrani46 InsiderB
11 months ago
where can we go long in nifty for swing trades....and what will be targets
+1 Reply
InsiderB vishalmetrani46
10 months ago
@Vishal, For Swing trades 7700's to 7730's will be ideal range for entry and stops around 7650's with Targets of 7800's n above. Note : This will be aggressive entry, so check your trade plan also.
Reply
yeoledinesh InsiderB
11 months ago
Thanks Sir
+1 Reply
InsiderB yeoledinesh
10 months ago
Most Welcome Dinesh :)
Reply
vishalmetrani46 InsiderB
10 months ago
Dear InsiderB what is your view after todays move on nifty closing at 7706. Is it still good to buy for target 7800. Above 7800 how much is possible? I think still it will go above 7800 we will still hit 7550. Thank you again !!
+1 Reply
InsiderB vishalmetrani46
10 months ago
Upward move of Nifty looks risky Vishal. Am expecting lil more downward move 7550's or 7600's. This is my view only but market can do anything :)
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AMBRISH InsiderB
10 months ago
Now what?
+1 Reply
InsiderB AMBRISH
10 months ago
I never close my trades till SL/Target hits.. On May 10 we got simple trend chance to go short @ 7880's with target of 7700's. About long positions, as mentioned in my comments 7800's target already achieved for swing trade. This Cypher is on Daily so we need to wait longer times, for swing traders I will be posting something else later
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AMBRISH InsiderB
10 months ago
Thanks for quick response, i will be waiting for your next post.
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padiyaraa
4 months ago
sir ,please confirm bullish divergence or bearish
+1 Reply
InsiderB padiyaraa
4 months ago
https://static.incrediblecharts.com/images/png_images/divergences.png
+1 Reply
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