BN-Bank Nifty
At a minor degree there is a triangle which is tracing out in 4th wave -if correct -let us be ready to see a downside thrust below 19575.
Be careful with levels.
Once it gets activated below 19575 likely BN should touch the channel bottom, which comes in the zone 19350-19400.
At a minor degree there is a triangle which is tracing out in 4th wave -if correct -let us be ready to see a downside thrust below 19575.
Be careful with levels.
Once it gets activated below 19575 likely BN should touch the channel bottom, which comes in the zone 19350-19400.
Trade active:
13:02 Hrs 27th Sep2016
BN turning from exactly 19575 - Made a low@19574.70 approx- that level has to be broken.
BN turning from exactly 19575 - Made a low@19574.70 approx- that level has to be broken.
Trade active:
13:21 Hrs 27th Sep2016
Be careful -it has dipped to just make a new low@19559 -Not falling as expected
Likely I will book that small loss@19600's
Be careful -it has dipped to just make a new low@19559 -Not falling as expected
Likely I will book that small loss@19600's
Trade active:
13:24 Hrs 27th Sep2016
Trading at 19590
There is a reason for this move either it should fall fast can't reverse from the low@19559
or likely it is all done on downside.
Trading at 19590
There is a reason for this move either it should fall fast can't reverse from the low@19559
or likely it is all done on downside.
Trade active:
13:40 Hrs 27th Sep2016
Critical Stop for current downside move - 19678 + 3 points more = 19681 for Targets downside 19350-19400
Critical Stop for current downside move - 19678 + 3 points more = 19681 for Targets downside 19350-19400
Trade active:
14:18 Hrs 27th Sep2016
Trailing my stop to e-wave high@19646 for shorts taken at 19577. Its becoming risky as 19550-19560 is forming a base downside.
Trailing my stop to e-wave high@19646 for shorts taken at 19577. Its becoming risky as 19550-19560 is forming a base downside.
Trade active:
14:37 Hrs 27th Sep2016
Trading@19520
Finally, it breaks after a lot of struggle. I shall be looking for 19460-19470 as temporary halt & bounce & then fall again to the zone 19350-19400.
Trading@19520
Finally, it breaks after a lot of struggle. I shall be looking for 19460-19470 as temporary halt & bounce & then fall again to the zone 19350-19400.
Trade active:
15:01 Hrs 27th Sep2016
Trading@19500 Made session low@19479
Let us book profits
Trading@19500 Made session low@19479
Let us book profits
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Don't get confused with the move if Nifty is below 8733 -BN will go down