Wait for a reversal either at 8250 levels and go short or let it touch 8350 and then go short
As per our last NIFTY wave analysis our first wave target 8078 hit by only three days. Wild run on most of the world indices. The above chart we can clearly see short term impulse wave count in that 3rd wave completed. Nifty fell into short ternm sideways into 4th wave for next couple of session. Then we can expect final run of the B wave could start, Reversal...
For Aggressive traders triangle patterns are like ripe fruit. Here we got descending triangle pattern in M_MFIN Bcos they enter the direction of trade right at breakout and price takes off swiftly in their direction and at times they do employ strategy to increase their profits. For Triangle patterns none can say with 100% confidence that it can breakout in...
Sorry for the discontinuity as we were engaged in some other obsessions Now to the Analysis, You never understand a movie by missing a half of it , so don't miss it THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here, After that do revisit this...
Nifty seems to be rangebound and in no trading zone. Is it going down?
Patterns are Best in what they do :) Disclaimer : I don't degrade other strategies, every strategy is good in own way ! Find this wonder while doing my Sunday morning analysis... 5 back to back patterns in IDBI Only the Bear Cypher is yet to complete in IDBI I didn't mark patterns which hit stop loss Happy Sunday !!
This is simple one..no advanced stuff added here :) LT is on bullish run for sometime now which we can clearly see from the chart Note that, there is Pricezone marked in yellow lines which indicates a ranging zone and right after that Bullish trend continued. It can be mentioned as "Breakout" from range zone. Aggressive Traders enter right @ Breakout,...
This one is for swing traders.. As we can see there are two potential patterns yet to be formed. Why do I call it as "Potential patterns ", well as of now none of the patterns are near D point completion, so that's y its potential patterns. Just think about the advantage of it, We just don't care whether Nifty moves Up or Down from 7880's. Bcos We are Armed &...
Nifty likely to face strong resistance in 7910-7935 range & High possibility of market inching lower
NIFTY is inching up to it's final resolution, completing it's 5th wave. we are very close to the reversal zone. I don't see any point taking any fresh long position, except any intraday trade. once NIFTY achieves its minimum levels, look to short the market for a sharp decline.
This is the start of Wave 5 : After touching its low of 6825 !! Wave 1 of wave 5 has broken its upper trendline support !! Now it needs to cool down as it is now overbought on Daily charts -- Expecting 7500/7400 as end of wave 2 in coming week by 11 May'16 !! Once Nifty breaks the upper Trendline again it would confirm start of Wave 3 of Wave 5. Some...
Bearish Harmonic RSI Stochastic Bollinger bands
Hi All, I follow Elliott Wave Principle for trading, I am a novice trader (trading since DEC-2015 using the Wave Principle). This is my first post/idea in the forum, so pls forgive any mistakes. Below is an interesting chart. Request veteran traders to pls review and comment. On weekly, TITAN has completed its X wave at 379. This X is continuation of...
We expect Nifty spot which is currently near the range of 7889 to touch 7778 in short term.
TCS is out of down trend channel formed on daily chart, price is moving up forming new swing highs and lows which is good sign. In short trade one can book some profit around 2309, if price continue current short term up trend then one can hold the position till supply zone.