Nifty can see a small recovery in price action around 8620 - 8700, as we can see the C or the 3rd wave has just completed, the next wave is either iv or X, either way if nifty goes up it should have a corrective :3 wave format. If wave iv is to be in action the price will not go much high but it can take a lot of time, If it's an X, the movement can take price and...
Hi Friends, A few days ago before Oct expiry when Nifty was trading at 8730, I recommended selling nifty with SL of 8800 on closing basis on a break of 8630. Within two days Nifty made a low of 8550. I am now revising this post to update those who are in profit to trail your position with trailing SL of 8725 on closing basis. So, now if nifty close above 8725 we...
Looking at Wave formation, it looks in next 8-10 trading sessions, NIFTY should break the Triangle and move up. Bulls can push NIFTY by 500-600 points atleast.
Greeting traders and investors, Been a while since our last publication Now back to the business POST COVERAGE - NIFTY LONG TERM, Medium term & short term (DETAILED ANALYSIS WITH VIDEO PRESENTATION for free) NIFTY has been riding high waves for a while and the main thing that is fish about the move is, it is not supported by the psychology and this move...
NIFTY, weekly chart printed an evening star candlestick pattern with this week's price action failing to make any big gains above the highs plotted at 8968.70. On the daily chart, after a fake trend line break in August, price rallied to make a new high before printing a doji and a bearish candlestick today. Short positions from 8000, could see price falling...
yes we are still in same zone.. simple technique with STRICT SL MIN. 15 PTS PLZ..
This is not a trading idea, sharing this road map to share possible future moves of NIFTY. I have applied the Gann toll on weekly chart, on daily chart we can see that price is responding to tool's lines and curves. We can hope in future also price will respect the tool :-) . We can use such charts not to trade but to take overall idea and use the lines or...
So after our last post - Nifty : Brexit Gone - Now What Long The market has risen by more than 8% - i.e Nifty. Nifty is now in a consolidation mode -- which we expect to be over within next 2-3 days - rebound might happen at 8471 and if it breaches this then the next stop 8400 . Wave 5 of wave 3 in play - means complete wave 3 will be ending...
Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty to decide the direction, we have Bearish...
Nifty had come to critical point, the horizontal line (purple color) is the Fib time zone and it has come to an end of it's trend. After this is will be a long runway trend (bull / bear).Most likely bear!
this is the perfect pitcher of the chart showing us what is going to happen. It's end of the bull market and the bear's had taken over it, so watch out.
Happy Monday Friends ! Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience. Let's check our surfboards right away & get it ready to surf along Nifty waves... Next resistance level for Nifty around 8800's...
Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are...
Nifty is having clear rising wedge in Uptrend and they breakout downside mostly, sometimes known as " Bear Rising Wedge". But we also have GST bill passage coming week which will be major news for Nifty. There is popular adage in trading community - " Buy the Rumour, Sell the Fact ". In My Opinion, , Nifty has already imbibed the GST bill thats...
Hi Guys, Trading sharks n crabs are the most risky patterns bcos its not like other patterns where we can expect a support/resistance around D completion. Crabs will always have their D legs extended way beyond to 1.618 and sometime continues their move upto 2.24 extension levels. So if you really ok with the risk enter the trade with proper stops, Crabs are as ...
Hi All, We got head and shoulders pattern in Nifty 15mins chart and the right shoulder is yet to get completed. If we get bearish confirmation around right shoulder we can short Nifty and trail our stops till the neckline and if neckline gets broken we are in for treat today. But today being expiry day and GST Bill inching closer to get final nod, we should be...
Before someone thinks why ? how can you be without trading Nifty ? how can you make money n sort of questions, lets see what chart conveys us. We are in strong support zone of Nifty but here we don't have proper risk:reward if we choose to enter long positions. So we wont b entering our trades here instead wait for 8540's zone. Its very small support zone so need...