Bank Nifty-BJP Calls Gartley Alliance- What a timing@14:30 Hrs!
Updated
Last Price@26400 - 20th June 2018
(Note - It is just a coincidence & piece of analysis)
As suggested in the post of Tata Motors - Importance of Reverse Gear at 14:30 Hrs -19th June 2018 - BJP leaves PDP - What a timing to get Gartley alliance.
Bank Nifty at 26225 -19th June 2018
Tata Motors Last Update
Market looks like agreed with this new alliance on technical analysis point of view. Harmonic Structure which has PRZ (Potential Reversal Zone) pushed the index exactly from 26225 -26250 zone -giving us an opportunity to take advantage of bullish moves in next few sessions.
Nifty Bounce from 10700
Take the clue from India Nifty - Support at 10700 (Low-10701-19th June 2018) - B- Point Reversal in Harmonic Structure - Once 10700 gets breached -traders should be careful.
What Next?
Plan 1 - Book Partial Profits at 26390 - 26400
Plan 2 - Continue with bullish trades above 26400 for 26450-26475 target zone
Plan 3 - Above 26500 -Look for 26600 -26625
Plan 4 - Holding above 26600 for 10-15 mins -Look for 26775 -26800
Plan 5 - Above 26800 - Look for 27150+ Target.
Keeping an eye on India Nifty which should not break below 10700 key support level.
Regards
(Note - It is just a coincidence & piece of analysis)
As suggested in the post of Tata Motors - Importance of Reverse Gear at 14:30 Hrs -19th June 2018 - BJP leaves PDP - What a timing to get Gartley alliance.
Bank Nifty at 26225 -19th June 2018
Tata Motors Last Update
Market looks like agreed with this new alliance on technical analysis point of view. Harmonic Structure which has PRZ (Potential Reversal Zone) pushed the index exactly from 26225 -26250 zone -giving us an opportunity to take advantage of bullish moves in next few sessions.
Nifty Bounce from 10700
Take the clue from India Nifty - Support at 10700 (Low-10701-19th June 2018) - B- Point Reversal in Harmonic Structure - Once 10700 gets breached -traders should be careful.
What Next?
Plan 1 - Book Partial Profits at 26390 - 26400
Plan 2 - Continue with bullish trades above 26400 for 26450-26475 target zone
Plan 3 - Above 26500 -Look for 26600 -26625
Plan 4 - Holding above 26600 for 10-15 mins -Look for 26775 -26800
Plan 5 - Above 26800 - Look for 27150+ Target.
Keeping an eye on India Nifty which should not break below 10700 key support level.
Regards
Trade active
11:00 Hrs 20th June 2018 Last Price@26450
Bank Nifty Rocksssssssss with India Nifty
Trade active
12:33 Hrs 20th June 2018Last Price@26485
Day High@26500
Plan 2 done - Keeping an eye on Plan 3 next -only if it holds above 26500 levels.
Trade active
13:45 Hrs 20th June 2018Last Price@26465
26500 -26505 - Holded as resistance - key support is at 26450 - Risky Traders Can take buy close to 26450 -26460 with stops below 26440 - Safe Traders Take Buy only above 26505 levels.
Trade active
13:53 Hrs 20th June 2018Last Price@26475
Bravo! - We took buy call exactly close to key support 26450 at 26455 which is average of 26450-26460 as suggested few mins back with stops below 26440 - Once it crosses 26480 - Trail your stops at 26450 from 26440
Trade active
14:32 Hrs 20th June 2018Last Price@26490
Did you see it went below 26450 to 26440 - Hard to believe & took U-Turn - We did lose 10 points but effectively if you took with earlier stops below 26440 - You would be on the path of excitement.
Trade active
14:37 Hrs 20th June 2018 Last Price@26513
Our Plan 3 is Active !
Trade active
14:40 Hrs 20th June 2018Last Price@26530
Amazing Level@26440 - Let us say --- cheese ( Picture / Photo)
Trade active
14:51 Hrs 20th June 2018Last Price@26535
If you have not entered then you can make an attempt in 26460-26485 zone with strict stops below 26440
Trade active
10:50 Hrs 21st June 2018Good Morning!
Last Price@26529
Day Low@26503
Let us start taking some risk in markets. Strict Stop loss for the buying opportunity next in current zone of 26500 - 26530 with stops below 26440 for targets 26600 -26700 -26800
Trade active
11:45 Hrs 21st June 2018 Last Price@26480
We bought in 26500-26530 zone with strict stops below 26440 - Shall close trades for the moment - Taking 30-40 point loss.
Keep in mind - 26440 is very important level as mentioned earlier in picture above.
Note
12:13 Hrs 21st June 2018Last Price@26482
If Traders want they can hold long trades till the time 26440 is not taken out downside or only risky traders who can afford to loose 70-80 points - they should hold the position others kindly close.
Note
12:17 Hrs 21st June 2018Last Price@26498
Why did I put comment that only risky traders who can afford to lose 70-80 points only they continue the trade
I have seen traders -they don't want to lose anything in trading -just only gain which is not possible in markets - as markets are not risk free investments. You have to manage your risk while trading & do not repent if you lose in between as that is part & parcel of the trading markets.
Trade active
12:37 Hrs 21st June 2018Last Price@26540
Trail your stops to day low@26474 from 26440 lows in your buy / long trades.
Trade active
12:48 Hrs 21st June 2018 Last Price@26569
We keep our new objective upside as 26650 - 26750 - keep trailing your profits stops & try to gain more in this upside as it troubled a lot below.
Likely seems that going above 26750 - 26800 zone - we have upside target as 26930-26950
Once it crosses above 27000 - we have target as 27150+
Trade closed manually
12:54 Hrs 21st June 2018Last Price - 26585
Thanks Guys - Manage your risk as some guys don't like me putting frequent updates.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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