Cereal_Killer

Cereal_Killer Updated 

Stop-loss is 75.65

Cereal_Killer

Recent drop is labelled as wave 4 (ABC-3.3.5). We are going for the last leg. Ideal target is 30000. Could go well beyond that if CBs keep providing liquidity.

Cereal_Killer

In the zone. Stop loss 27200

Cereal_Killer

MM and finished an irregular flat correction. We can buy the same with today's low as stop loss.

Cereal_Killer Updated 

I have labelled the previous consolidation as triangle and the current impulse (thrust) can be labelled as 5 waves or even extended last leg. Wait for some reversal sign before starting to short.

Cereal_Killer Updated 

Small risk. Big reward.

Cereal_Killer Updated 

TRIANGLE ARE A PATTERN ON CONSOLIDATION AND ARE THE LAST LEG OF A TREND. GENERALLY BREAKDOWN AND REVERSE JUST LIKE WE RECENTLY SAW IN SBIN. CURRENTLY WE ARE WAITING FOR WAVE D AND E TO FINISH BEFORE ENTERING A TRADE. WAVE A HIGH IS INVALIDATION OF THE TRIANGLE. IF THAT BREAKS WE ARE LOOKING AT A COMPLEX CORRECTION.

Cereal_Killer Updated 

NO ONE KNOWS WHAT WILL HAPPEN. WE CAN ONLY USE SL.

Cereal_Killer

USDINR LOOKS LIKE BREAKING THE TRIANGLE. A SUPER FAST LAST LEG to 78 IS EXPECTED.

Cereal_Killer Updated 

In EW we expect a reversal after triangle.

Cereal_Killer Updated 

structure is invalid if current rally breaks 1486. wait for a fall till 1225-1200. minimum 1800. sl is wave C low.

Cereal_Killer Updated 

nifty is corrective and has more room up.

Cereal_Killer

ENTRY AND SL MENTIONED ON CHART

Cereal_Killer Updated 

Nifty bullish. Expecting till 11400. Also Gann analysis says the same.

Cereal_Killer Updated 

Leading diagonal and ABC correction can be seen on Bank Nifty. Invalidation Level is mentioned on the Chart.

Cereal_Killer Updated 

Current wave count says we broke out of the triangle and right now we ended wave 3 of the final leg. I am waiting for a retracement till 1580 for wave 4 and then wave 5 till 1650 levels and go short from there. 1650 wont necessarily be the exact level but the point is to short from there after market gives reversal candle on daily time frame.

Cereal_Killer Updated 

Sl is 2202 and target based on trailing sl.

Cereal_Killer Updated 

Trade details mentioned in the chart.