Currently its making an small triangle pattern , and brake of it can lead to down ward move same distance it has traveled in the previous drop form its immediate peak
This price movement can form an identifiable pattern called Expanding flat ( Irregular flat as per Elliott theory )
I know one person is copying my chart and trying to prove himself as Good...
Amaraja can be shorted around 761 (20 dma) to 777 (200 dma) for targets of 730 710 685
SL 796. positional call.. march series preferable to sell..
Note: this is my personal view only
All levels mentioned are Cash levels. Trade futures accordingly
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Charts still not very positive until it crosses 233 level.
Possible short @ current level with stop loss slightly above 233 for a target of 180 level.
Use stop loss
Close above 233 on daily basis will open a Long position for a target above 245 +
WD Gann was a great trader in wall street during the earlier decade of 20th century. What differentiated him from other traders was his knowledge on geometry, ancient mathematics, astronomy, astrology and the way he applied these in his analysis for trading. When other traders are effiecient in finding stock momemnts, he was good in finding the movement of stock...
It seems wave started from 11118 is completed as impulse wave and it also achieved minimum projection(shown in my previous post) of wave C. And if we are right at identifying pattern then nifty needs to bounce sharply towards 10892. So need to concentrate on the wave pattern started from latest low 10620 to catch immediate move.
Even if wave C is not completed at...
Appointment of new CEO breathed fresh air in to the company. But, the latest news of RBI threatening action against Yes Bank leaves the lit candle in gusts of wind. The hope is bleak but I presume that Yes Bank will come out of this chaos one more time. So, taking a LONG position for 250+ by this month end. Fill that gap.
Bank Nifty Enjoy Raining Profits 770 Points just in 1 week
A total of 15 SELL SIGNALS AND 4 BUY SIGNALS
FIRST SELL SIGNAL: 27220
LOW - 26630
Selling pressure continued in Bank Nifty? Proof is withdrawals from the Cash Market.
You can literally see that Money Withdrawals in live market with "Bank Nifty Money flow Indicator"
Except Internals and breath...