Hey guys and gals,
Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-5 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments.
NOTE: Pay attention to the Take Profit and Stop...
BEARISH Crab for SCALPING Strong Strong PRZ as Earlier this same Pattern given good reaction on Type1 entry & hit Target now when price when come into prz it becomes TYPE 2 ENTRY
End of Rising Market-narrow spread gapped up bar on Ultra High Volume AS the market is gapped up and approaching at previous resistance then this is an even stronger sign of...
In my August 4 trade view, I said
Considering the momentum NIFTY had on 4 days of downtrend, I treat this bounce as the first bounce, which is likely to fail. But considering the chart of Reliance and BANK NIFTY , I feel there is some more upside up to 100-150 points.
For tomorrow, I...
this chart is only for day traders. for getting great RISK/REWARD - trade near to support zone. if price able to break 1st support then later on 1st support will react as resistance. if you see demand at support, go long. if you see selling at support go short. just try to follow the trend.
In my August 3 post, I had said
Today is the fourth day for the down move. When I see the reliance chart and NIFTY chart I think touch of support zone 10780-10830 is possible in tomorrow’s session.
This zone is where there is a possibility of some sort of bounce. This is the first bounce after correction, so likely to fail. It is better to wait and let the...
#NIfty50 - Look at the candles marked by red arrows
Every time Nifty opens higher than the previous day's close and close above the previous day's high, The chances are higher that bottom is made and the price will again open gap up the next day.
Considering the previous price action, there is a possibility that nifty may open gap tomorrow
Currently nifty closed...
Correct of ELITE wave is completed at 10874 and then for the next leg, we may see its retracement till 11400 so go long for the AUG series for the TGT of 11400.
It is also supported by TK cross over at 10990 and MACD line cross over so we expect to break the Ichimoku cloud on the upside and continue the momentum.
SL for short term 10990 and long term 10870.
Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-4 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments.
Good luck with your trading today and have a great week...
the „Thrust“ off the triangle, I mentioned at my latter analysis, occurs and was complete @ 11341 on July 29.
NIFTY 50 reversed after achieving this target area and has shown the first impulse waves down.
If my count on a long term basis is working out, N50 will decline in the coming days and weeks ahead. It will take time, to achieve this week's...
Its very clear from the figure 200 EMA is crucial for the Nifty to Bounce Back , If the Nifty Goes Below the 200 EMA , NIfty will fall To level of 10200 , Otherwise it will Bounce to the Level of 11200 in this month Expiry :
1. Reliance in correction will take support at 1980 and will bounce back which will support NIFTY
2. HDFC Bank in correction will take...
In my last weekly’s review (link below)
I feel there are few very important levels, yet to be crossed. One such level I am watching is 11269, 11370 and then 11600. There are chances that NIFTY may show picture perfect reversal at these levels. So it is better to attempt limited risk shorts at these levels.
For reliance , 2250-2350 is the zone where technical...