hello traders i hope ur doing well in your trading i am presenting you my nifty short trade view please check
nifty daily looks week in coming days because from last 4.5 months price trading above ema 21 and now ema 5 crossing downside below ema 21
so its a short trade for me stop loss at life high from the crossing point to life high distance is 568 point so its a stop loss and target is in equal and multiple of stop loss
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thank you for reading my idea if found any related query allow me to answer
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press the boost rocket button if you think this analysis is use full
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ema 5 crossing down ema 21 and after crossing price did not testing ema 21 so the best place to short is when price testing ema 21
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price moving slowly toward EMA 21 where our entry for fresh short
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closing at 19393 around 83 point up today Ema 21 @ 19481 Ema 5 @ 19397
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expecting today price can test our short entry level @ Ema 21
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very very choppy mkt in this range because more than 15 days closing in this 100 point range
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what is the best stop loss for a crossover system..... simple if again crossover happen in opposite side than our stop loss triggered and than we can think about opposite side trade
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still price not testing ema 21
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price tested ema 21 so our sell entry executed
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from previous 4 trading day only 80 point move
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110 point profit running for now
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any pullback on long side near 19470 is used for fresh entry
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250 point profit running from our entry price
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this is my previous analysis on nifty gives 1200 point profit without going even 10 point negative
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this is also my previous posted analysis on nifty gives around 1300 point profit without going even a single hourly candle negative
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thank you for your like and support
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again this is my previous analysis on nifty gives 1900 point profit without going even a single hourly candle negative
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this is my another previous posted analysis on nifty gives 500 point profit without going even 10 point negative
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Ema 21 = 19445 Ema 5 = 19358 price = 19265
so any upside near ema 21 is a fresh entry
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ema 21 = 18432 ema 5 = 18341 price = 19306
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closing price 19342 ema 21 = 19421 ema 5 = 19341
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as i am telling again and again that fresh sell near EMA 21 so today is the day
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again price near 21 ema which is out fresh entry point
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keep stop loss very very tight and our stop loss in this trade is ema 5 crossing up ema 21 is our stop loss if stoploss triggered this time than again 1300 point upside possible
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long triangle breakout seen so keep ur stop loss very tight
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turn into bullish trade now
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242 point profit in crossing down sell side and than 320 point profit in crossing up buy side total 545 point profit running for now
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after crossing happens in up side 630 point profit running
press the boost rocket button if you think this analysis is use full
TraderRahulPal
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You rocks man,, what did i say, don't worry about anyone just keep doing your best work, Your analysis was perfect, i had the same views on market like you, that is why holding Call writing since last week. Keep doing good work.
This cross doesn't look convincing. soon 5EMA will cross above 21ema. price took support at 21ema and left a wick before crossing. that area is still acting as a support. to me it's a case of double bottom formation on support. price likely to zoom upward after consolidating
sk_4587
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@Guna1223, check this same crossing at earlier in april month, this crossing given huge 15 % return so believe on it , and there is no any fix system you have to believe on any one and take trade and put stop loss according to the system, suppose if again 5 ema crossing up 21 ema in coming days than our stop loss triggered and trade goes to long side so this is a system you have to follow it
sk_4587
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check my other analysis in last 4 months hope u like all chart available into this channel
idfc---------52% up M_mfin-------52% up tatamotors---51% up Indigo-------49% up DLf----------48% up godrejpro----45% up adani ent----43% up bajfin-------40% up muthootfin---38% up zyduslife----43% up asianpaint---31% up ntpc --------32% up sunpharma----20% up axis---------20% up ofss---------25% up Ubl----------16% up reliance ----15% up tataelexi----20% up icicibank----10% up LT-----------40% up in two trade
NDX----------27% up S&P 500------10% up EurJpy-------10% up aaple inc.---26% up
tatasteel ---0 % trade not executed
kotak--------8% dn in sell trade Silver -----12% dn in sell trade
Reliance ----2 % loss stoploss triggered sell side indhotel-----3 % loss stoploss triggered sell side
sk_4587
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another short view who is supporting this ema crossunder
Sahilsingh210
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how do I set these lines please can anyone help me out on this
sk_4587
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@Sahilsingh210, go to the indicator section and add exponantioal moving average click on setting put value 21 and add second exponantioal moving avarege and set value 5