Look at the setup in the chart. keeping 8225 as a tight stoploss, one can target 8325 on Tuesday. Reward Risk ratio greater than 8. Enter right at the opening on Monday tomorrow.
Methodology used: Timewave. Keep following for further updates on this.
Regards, Pankaj.
Trade active
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Nifty opening at 8259.35 up 15.55 points in line with Timewave study. Go long at ghe opening!
Comment
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Downshifting TSL to 8200 NS.
Trade active
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Carry the position forward. Nifty totally sideways and stable. Shall upmove tomorrow for the set target.
@pankajvw, But target is not hit today so can we see reversal @ opening ?
pankajvw
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@HappyVijay, Target is on Tuesday, see my first sentence above. Reversal will happen tomorrow only in the last trading hour. Long till then.
TechSuperChart
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YES....i think reversal has been done
pankajvw
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@jitendesign, probably that's your individual conclusion. Reger to my latest post and comments their in. It has not yet ended and is pushing forward for the next probable end date.
TechSuperChart
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Sir your timewave prediction is very accurate .....Great....still nifty headed to 8327
pankajvw
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@jitendesign, thanks dear! :)
TechSuperChart
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@pankajvw, Sir can you recommend me any book or any online reference for more study in time wave trading .
pankajvw
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@jitendesign, First check about page of my blog, then post any questions you have as comment on the blog itself. I will answer there. timingnifty.wordpress.com