Bank Nifty- Bearish Engulfing & Happy Jan2017 Series

S-L-- Selling First & Buying Later

Bearish Engulfing Candle having high@18059 can put pressure on the expiry day- once BN starts moving below 17700 & sustaining down could lead BN down to 17350-17400 zone -most likely to finish X-wave & Start Fresh Upside Move in Jan2017.

Jan series could give a sizeable push upside into 19700-19900 zones where larger wave-(1) gets retraced by 61.8%

Trade active: 11:35 Hrs 10th Jan2017

Last price@18345

Day's High@18412

Jan Series as expected a sizeable push -half of the move done.
Trade active: 09:10 Hrs 11th Jan2017

Jan Series -Cheers will almost cross 18500 in today's session in gap up
Trade closed: target reached: 14:35 Hrs 25th Jan2017

Last Price@19300

1500 points in all-- Wow!!!

Happy Jan Series Ends close to 19250-19300 zone -we started from 17860's - I have completed positional 1500 Points call- An impulsive leg is almost complete.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle


unbelievable rock performance happyyyy republic day
Hats off!! m learning ew, but at times not able to figure out patterns, retracements, extensions... request u to guide me to walk on right path.
@AbhishekHSinghCMT GR8, February series i want to be part of your wins :D
@abose, Sure, we will plan something next- Happy republic day.
abose AbhishekHSinghCMT
@AbhishekHSinghCMT, thank you
Superb man! Kudos!
You sold bank nifty or bought it? I cant understand "Selling first & buying later".
@vanathi, You are looking 13 days back post --it was selling first but 17828 holded which I have updated in my other post & was expecting buy in Jan series which is running.
vanathi AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you. These posts are confusing me. Where it starts and ends. Does "Trade closed" means end of the post?
@vanathi, Yes- Trade closed means that post is closed.
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