AbhishekHSinghCMT
Short

Bank Nifty - Harmonic Sell -Look what pattern it is?

NSE:BANKNIFTY   NIFTY BANK
527 views
14
Stops at 22021 - Bounce should be used to sell Bank Nifty for Target 21700 -Going below 21880 -Pressure will be seen.
Apr 25
Trade active: 13:30 Hrs 25th April2017

Last Price@21940

Alert was already made to exit long call which we took above 21980 & exited at 21990.

Maintain stops at 22026
Look for a bounce close to highs possible range 21970-22000 for selling at top with minimum risk -stops above 22026
Apr 25
Trade closed: stop reached: 14:20 Hrs 25th April2017

Last Price@22015

Day High@22040

Taken Stops at 22026 - Took sell on the bounce at 21980 -21990 with stops of 30-40 points.

After a longtime I have taken this stop- Just because got little disturbed. Apologies for that otherwise -we would have exited at cost or would have not taken this sell. Apologies once again because of personal reason.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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Comments

Dear Abhishek , Bank Nifty Alternate count . Pls check
Reply
@AJAYSHARMA, Can be possible as we have 1000 counts running at a time.
Reply
AJAYSHARMA AbhishekHSinghCMT
@AbhishekHSinghCMT, If feel we need to look at the degrees now. Ur first count of intermediate 5 ending was correct . But the market has scaled up . So we need to change the degree.
Reply
AJAYSHARMA AJAYSHARMA
@AJAYSHARMA, Sorry Minor degree 5 instead of intermediate 5.
Reply
AJAYSHARMA AbhishekHSinghCMT
@AbhishekHSinghCMT, Dear Abhishek , Kindly scale up on Bank Nifty . It is Bofors.
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Hey abhishek why apologies for such a small stop loss taken. You are doing a good job. these tiny stoploss do not matter. Please keep up the good work
Reply
All are part of the game Abhi!
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@murasolivm, Thanks. I just hit My stop because of emotional drama which happened yesterday with me & lost control in trading -it is 2-5% of stops I have taken till date. I think 10-15% band should be allowed for even best traders who give 85% strike rate consistently.
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No probs abhishek..Sl is part of trading
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@samayra, Thanks for understanding. Taken stops after long time & seriously was stuck & could not update that we will sell only below 21970-21960 if falls- just failed to update otherwise it would have been zero trade.
Reply
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