Nifty-Elliottwaves-Wrong = Right/ Let us crack coiling effect

In the middle of coiling effect. Let us wait for the structure to finish & feel the real beauty. Happy Weekend


This coiling effect can be called "Ending Diagonal or Falling Wedge"

Trading Strategy

Plan A (Sell or Short Positions)-
Expect Bounce close to 11300 – 11325 & Sell in the zone 11300-11325 with stops above 11360.
Targets - 11250 / 11200/11150-11175

Plan B (Buy or Long Positions) –
Look for support zone 11150 – 11175 or close to 11175 for upside
Targets - 11300 / 11360 / 11400 / 11460 / 11700-11710 / Above 11725 for 11980-12000 & Above 12000 for 12200-12300 zone.

Plan C – (Sell or Short Positions)
Any move below 11150 – expect 25-40 points which is extremely risky as only below 11100 – I will advise to take sell / short positions for 10750-10800 Target zone.

Trade active:

10:29 Hrs / 29th July 2019

Last Price@11236

Current low@11225

Good Morning Guys !!!

Got Extra Sell Call from Opening Highs @11307 which was same as plan A - suggested above in the Trading Strategy. Take the extra profit & enjoy. More to come next.

Modified Day Plans

Plan 1 -
Buy with strict stops below 11210 for 11300-11325 upside as per spot / cash data -look plan A above (bounce close to...)

Later Execute Plan A - (2nd part) as suggested over the video & refer the trading strategy above once again.

Once you get the bounce to desired zone - Sell as close to 11300-11325 with stops above 11360.
Targets - 11250 / 11200/ Below 11200 ------"11150-11175"

Finally -------------------- Read Plan B & Execute properly -Taking care of risk management. If required then execute "Plan C" referred above. Thanks & Have a wonderful time ahead.

See you later.

Trade active:

11:36 Hrs / 29th July 2019

Last Price@11210

Current low@11201

We are still due for upside leg which likely happens to be 100-125 points in 11300-11325 as per modified plan 1 suggested above an hour back @10:29 Hrs

Trade active:

11:38 Hrs / 29th July 2019

Last Price@11213

Manage your stops here in current situation according for upside move which we are expecting next & read the plans again & again as mentioned above@10:29 Hrs. Thanks

Trade active:

12:02 Hrs / 29th July 2019

Last Price@11168

Kindly don't miss the next opportunity which we have been waiting for so many days - guys it is the zone 11150-11175 as suggested in the "Plan B"

If 11150 holds - Don't miss the trade - It could be big enough to take all the way to 11400 target next

Yes you heard it right ------------- 11400 ----------------------- Another chance to make it right.

Trade active:

13:26 Hrs / 29th July 2019

Last Price@11195

See where it stopped 11210 which was earlier support - traders should book Intraday profits & rejoin from close to lows again from 11150-11175 with strict stops below 11150 or join above 11210 highs later. Thanks

Trade closed manually:

17:53 Hrs / 29th July 2019

Thanks to all the Supporters. Its a freeze time for the idea.