RajatYadav

RajatYadav

Bear possibility 1) After the sharp fall in feb march - the market has been correcting. The correction is probably over here for two reasons a) Two large legs up. b) First high >high of the previous month(If bears have to come in this is the best place for them to come in) Bear pattern target- Break of the wedge on downside and test of the lows and possible...

RajatYadav

Possible target- touch of trend line, day before yesterday high, gap fill. Since trade is countrend on a bigger time frame move will be choppy and not fast.

RajatYadav Updated 

1) Large Wedge and Nested Wedge 2) Double Bottom higher low Major Rally on the cards

RajatYadav

1) lost 3R in the gap uptoday. 2) Although the trade made sense in 15 from always in perspective always look at the higher time frame for the possibility of major support or pattern 3) One of the best pattern to trade on any time frame is a double bottom at 20 ema after a spike or strong move 4) If the move has to go down after a gap like yesterday, usually it...

RajatYadav

I posted yesterday that longs were suspect and the market could reverse any moment. Trading against big gaps in downtrend is a losing strategy Looking to short morning rally for an attempt to break the channel again.My bais is bearish. Stop- closes above ema ( if fails, looks to short again)

RajatYadav

1) I don't like to trade against big empty space (moves are never smooth and sometimes reverse abruptly 2) In situations like this, a systems trader does well than a discretionary trader. questions 1) Why not look to buy a pullback? Most likely best choice of strategy, but to me, it still looks like a trapping move 2) Why not sell No sign of weakness as yet...

RajatYadav

1) The eventual target of nifty is channel bottom 2) We had a chance to gap up but failed, no closes above ema 3) Expecting the market to fail near the ema and make a move towards the channel bottom 4) stops- close above the moving average 5) DO NOT BUY If markets break above the ema then the possible area to short again is yesterday high but still no buying.

RajatYadav

1) Nifty gapped down heavily from channel top 2) Bulls are trapped 3) All 2 legged pullbacks near the moving average will be shorted 4) Most likely we will reach channel bottom in a day or two 5) Book partial profits and Trail existing shorts to close above ema 6) Look to short again near the ema ( may not touch it) 7) DO NOT BUY

RajatYadav

1) Observe every breakout above the high in this channel- It comes back and test the breakout point. This is sign of weakness. 2) Channel top clearly visible 3) I was hoping for a clear breakout on the upside ( was low probability) The morning failure confirms what we already know, bull are not that strong. 4) Looking to short

RajatYadav Updated 

Existing trend- Sideways to up Strategy- looking to buy pullbacks Areas of support- 20 ema or a double bottom above the ema Falsification of idea- 3 large consecutive bear bars or a bear microchannel of 10 or more bars Possible target- 9600 Possible stop- a close below 20 ema