No choice but to short as per system...Please follow stoploss... This trade will be tricky...So fingers crossed..BUT if the top is not taken out then Nifty may collapse...so take this risk and short
Its returning to its mean rate..so buy..Keep stoploss of 5 min holding..and ride it up
Leaving its price range after a LONG LONG time..so buy cause it will rocket up...also u get a divident of 4% year ly
Where you enter is at ur risk....If now then ur stop is far...if waiting for lower u may miss the rally...choice is yours...Cause Nifty is come in the buy zone
Please note how my system works...I missed this short..cause was not sure and was waiting for a more better rate to short..THOUGH it was in my shorting zone...What I want to point out is that see how the system works...on Average True range.
Came down to the average True rate...Hence buy...please follow 5 min stop= meaning stop holding for 5 min
Reason=It came withing 20 points of our ATR...hence buy ...but remember the rules mentioned on the chart
Second chance to enter cause..its come to my Average price range...mentioned ATR...stoploss is mentioned...buy
Short NIFTY...stoploss is peanuts...its a 5 min stoploss
This is probably the end of the wave down....It will go side ways then up..to the tgt mentioned...BUT follow stoploss...to conserve capital
Fingers crossed...candle should close and break that line for confirmation that the downside is out ...Now upside to sideways movement expected...
Came to my mean line...so short..stoploss=5 min holding= only 11 points..
1.Its at a resistance....so short....2. Its forming a wedge...so short cause if wedge is confirmed it will fall like a rock...BUT follow stoploss