As I discuss yesterday wide range of markets 16800-17500. The market opens way beyond our expected range. whenever this happens I wait. I was tempted to take a trade around 17270 to buy but couldn't execute and missed 50-60 points. however, aftermarket cross 17330, I start looking for sell. so I shot around 17325 with Sl 17350. and exit around 17200. now why...
Although Elliott Wave Theory is vast subject and needs in depth study, I'm sharing a cheat sheet for those who have started to learn about the same. This should help them in understanding things better. Also, try to correlate the cheat sheet with Nifty50 daily chart and be amazed to see how nicely the Elliott wave principles were followed there in the recent...
Celebrating Saturday with some education. After over 2+ years of research, I have developed Falcon Waves, an easy alternative to Elliott Waves, perhaps simple wave count method for general public. The main Falcon Waves concept is a ABCDE format A goes to the starting point B is a pull back for final rally up C is the top wave D is the bottom wave E is the...
Analysis based on Demand & Supply. On quarterly TF the demand zone is yet too far but on daily TF its near. Keeping Fingers Crossed.
Retesting of the neck line of head and shoulder pattern in daily time frame. May be a sharp crash is waiting for us. Be cautious. Happy trading. If you like my analysis please like 🤗
Know the basic type of Traders. Little by little we will grow together. Earlier split your investment amount. we will meet you at next Risk management Topic.
1st Chart: HINDUNILVR/ NIFTY 2nd Chart : NIFTY HINDUNILVR/ NIFTY is almost a mirrorimage of NIFTY. I plotted various other stocks against NIFTY but cound't see any such pattern. One thing that can be derived is, whenever NIFTY goes down, HINDUNILVR usually maintains the level and in many cases it starts to move up. Example - recent fall of NIFTY. Let me know...
CPR by PIVOT EDGE Trend based Coloring + Lables: Enabled BC TC PIVOT R1- R2 & S1-S2 Pre Day H & L + color Green + Red TimeFrame: Day Heiken Ashi: Color 1 & 2 Both Lite Green Sureshot Profit: Week Pivot with Step line (Disable everything)
INDICATORS CPR by PIVOT EDGE Trend based Coloring + Lables: Enabled TimeFrame: week BC TC PIVOT: Green + Red R1- R2 & S1-S2 Pre Day H & L + color Heiken Ash: Color 1 & 2: Both Lite Green Sureshot Profit: Daily Pivot with Step line (Disable everything)
Nifty is approaching resistance without any retracement , expecting a retracement.... day trader can get a buy setup... but trget should be small as it will be a trade against trade.. but stop loss also be small..
DOJI IS FORMED IN WEEKLY CANDLE IN NIFTY AND ITS ALSO CLOSE TO RESISTANCE , WE CAN SEE WEAKNESS IN COMING WEEK. ONLY LEARNING
if nifty break the level of 11550 - 11600 than it can go towards next resistance only learning
IF IT BREAKS ABOVE THIS THEN IT CAN GIVE GOOD RUN
SUPPORT AND DEMAND LEVEL. SEE ALL MY PUBLICATIONS, IF IT SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT THEN ONLY LIKE, SUBSCRIBE AND REFER TO YOUR FRIENDS.
WAIT FOR BREAKOUT FOR NEXT MOVE LEARNING ONLY
NIFTY TODAY CLOSED ABOVE PRE COVID LEVEL AND THIS POINT IS VERY CRUCIAL FOR NIFTY 50 AND IF IT CAN RETAIN THIS THEN IT WOULD BE HEADING TOWARDS THE MARK OF 12000. SO HERE WE NEED TO SEE THAT CAN NIFTY RETAIN THIS ON MONDAY SESSION. LEARNING ONLY
AS WE CAN SEE NIFTY 50 IS GIVING ROUNDING BOTTOM BREAKOUT ALTHOUGH WE CANNOT CONFIRM THIS BUT WE CAN SAY THAT CURRENT TREND IS STRONG AND WE CAN SEE UP MOVE ION FUTURE ONLY FOR LEARNING
AS WE CAN SEE NIFTY 50 IS CONTINUING UPTREND BY FORMING HIGHER HIGH AND HIGHER LOWS. TODAY'S CANDLE ALSO SUGGEST CONTINUATION OF UPTREND WHICH SUGGEST WE CAN SEE NIFTY HEADING TOWARDS ITS RESISTANCE OF 11550 - 11600. ONLY FOR EDUCATIONAL PURPOSE.