Nifty Outlook- Ascending Triangle (Trading Plan) (22nd Oct2020)

Oct 22, 2020

Traditional Chart Pattern- Ascending Triangle Discussed along with trading strategies in Hindi & English both. Thanks for watching the video

Active Currently - Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960)
Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000
Plan C- Sell Below (Strictly Stops above 12025) for target zone 11870-11880
Plan D- Buy in 11850-11875 with stops below 11790 target 12025 / 12250 +

Oct 22, 2020

Trade active

15:12 Hrs / 22nd Oct2020

Plan A Target - Just missed by 15 points to reach 11810 levels - Low was 11825

We got the fall close from 11925 to 11825 keeping stops above 11960



Plan B - Active Now --------------------From lows of 11825 towards 12025 Highs (Current Price- 11896)

Oct 23, 2020

Trade active

06:36 Hrs / 23rd Oct 2020

Good Morning All !

Auropharma (Last Prcie - 782) cracks below 820 - suggested over last idea (B-wave shift can cause havoc)

Hindalco (Last Price - 185) - Final Wave -E is pending in downside direction until it remains below 203 highs

Reliance (Last Price -2106) - Has last wave upside done at 2370 highs
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Finally never do a biased trading else it can trouble you.

Oct 23, 2020

Note

06:48 Hrs/23rd Oct2020

So, be careful as Nifty could be in distribution pattern which cannot be ruled out as suggested in 8th Oct2020 idea & 12025 or few 100 points upside could be the last & fall starts below taking all the way back to 10790 & even lower levels.

Oct 23, 2020

Trade active

10:40 Hrs / 23rd Oct2020

Plan B - Done at the current high @11975

Plan C - Active -----------Selling at the tops with stop above 12025