TGIF Trade >>> Declines in Nifty pointed out earlier seems to be done , Nifty ADX and Negative DI are stretched quite a bit .One should look to buy Nifty with the recent low as the stoploss. Further the lower channel of the Pitchfork has also played a crucial part in arresting the decline.
Markets are definitely under pressure and we are currently witnessing a strong breakdown . A strong follow through to the downside move has resulted in Bollinger Band widening suggesting more upside in store. Further the ADX and negative DI lines are also stretching upwards suggesting strong buying participation. Sell at current and on rally to 9980 for a...
EOD Analysis Trend line Broken on Aug 3rd. Spot price reversed on Aug 4th. At Present, Candle Piercing Pattern formed and it is bullish signal. Status = Bullish as per candle pattern. 60 Mins (1hr) Analysis We can see the clear picture of breakout and reversal of the spot price. Will the spot continue the bull run or bear to take control ? Status =...
Currently having main resistance at 9682. If it is not broken soon enough, their is high possibility of consolidation. In any case I believe it has not hit the actual resistance, but their is time for it.
Waiting for it to come 10 points down more, then going to go long position. Target 458.00
Bull Shark pattern on Nifty (spot) but the price not yet fill the pattern so need to wait for completion of the pattern. Once the pattern get filled then bull shark will take over the price to upside. I am expecting to fall up to 9550 and pattern also get filled. This pattern gives you the signal to buy(long) only. Levels of Nifty (Long) Level to enter -...
Again before giving us new high it is going to come at its 61% entrancement. Currently at 23%, so i do recommend to wait for 100 points correction.
Now the MA are looking in favor for the price to lift up, besides Axis bank have great potential to move upwards.
Before giving us new highs, Nifty is likely to come near its 9550 level. From their fresh new positions can be taken.
RSI Overbought on Weekly Chart and looks like Nifty to form a Evening Doji Star Candle pattern. Its indicating the bearish movement on Nifty and the levels are measured by fibonacci.
The title can be very easily misunderstood, Right Attitude & Mindset towards trading helps you in finding the right opportunities and to trade better. Many think attitude is bad, Nope not at all... You should be strong & stern towards what you believe in your strategy & Should stand for that, That's the Attitude. So, what do we have in Nifty ? The larger...
So where to begin with ?! Let's go with analysis first then we will touch up on Gann. Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is...
Yes it is ! When you have trade plan and everytime you need to stick to it , even if your expectations differ. You can clearly see it here, We clearly despise this bull run but that doesn't mean we shudn't trade longs in Nifty, grab whatever it offers as per the plan. Even if its bearish breakout we are not gonna hesitate to take the trade, it's what it is,...
We are repeatedly discussing this is completely inflated bull run and I'm not sure how long this run will exist but the longer the inflated run, the bigger the correction. We are all gonna love it, we will rock with bears thats for sure but just wait for it. Now its not the time, so whatever the bullish run offers bag it. There is not even slightest retracement...
Feels like Nifty will be ranging between 9360's and 9280's but on the channel break, scalpers can have few more points on the downside till 9280's. Get Bullish only after reversal. Happy Trading week !
Look at the black trendline I have drawn, it's so steep almost like 80 or 85 degree. Very Bullish move without any retracements. By the way, I'm very curious and interested to know whether any Gann Guys predicted this steep move this week with time frame too ?, that would be superb prediction from Gann angle ! i) Clearly, another Bull Day expected as Nifty made...
Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term. Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line. Path 2 - if nifty failed to break the trend line, leads to...