Nifty still in Bears' Grip? Lets analyse for 26th Aug
Updated
Consistently we are achieving our targets since my 1st post we will continue as well.
Nifty Up/down very confusing for many, Who follow my previous post they know what is the current market trend.
But as intraday trader we are focused to get safe 30/50 points everyday, we will let the market where ever it wants to go.
Trading on 26th Aug is little tricky, as multiple patterns contradicting each other, I have not put the harmonics in the chart frame this time, as it may confuse. I have put a price box and red arrows from where the market has high possibility to come down for a small bearish target of 30/50 points. So we will enter at correct time to capture those 30/50 points as a Counter trend entry, which i will post during market hours as according to the market behavior we have to react, Keeping in mind the reversal pattern formed on Friday, it has depth to touch 10980 mark and a short covering can push the market to 11015-30. Though this happens occasionally to give a one directional movement.
My view for Market will be little Bullish in the opening and bearish after 10.15 AM. If it matches our analysis we will enter otherwise wait and watch.
So for 26th Aug what should be the strategy for Intraday?
We will try to see a bearish structure in 5 min time frame, a lower low and lower close at the red arrows we will enter the market, And the target will be 30/50 points and trailing stop-loss.
Cheers!!
Nifty Up/down very confusing for many, Who follow my previous post they know what is the current market trend.
But as intraday trader we are focused to get safe 30/50 points everyday, we will let the market where ever it wants to go.
Trading on 26th Aug is little tricky, as multiple patterns contradicting each other, I have not put the harmonics in the chart frame this time, as it may confuse. I have put a price box and red arrows from where the market has high possibility to come down for a small bearish target of 30/50 points. So we will enter at correct time to capture those 30/50 points as a Counter trend entry, which i will post during market hours as according to the market behavior we have to react, Keeping in mind the reversal pattern formed on Friday, it has depth to touch 10980 mark and a short covering can push the market to 11015-30. Though this happens occasionally to give a one directional movement.
My view for Market will be little Bullish in the opening and bearish after 10.15 AM. If it matches our analysis we will enter otherwise wait and watch.
So for 26th Aug what should be the strategy for Intraday?
We will try to see a bearish structure in 5 min time frame, a lower low and lower close at the red arrows we will enter the market, And the target will be 30/50 points and trailing stop-loss.
Cheers!!
Note
Market is opening with a big gap up of 171 points, So there could be a sharp up move or sharp down move, all analysis in this post can be ignored.Note
Now the same red box can be seed as supportNote
short nifty nowNote
sorted nifty @10892 Target 10855
SL 10920
Note
Target Done!! This is why my view in Nifty was bearish but overall view was Reversal bullish.
Now i understood why the chart pattern was showing conflicting view. Any how we got 37 point on nifty.
Cheers!!
Trade closed: target reached
Today Nifty came from higher price to lower price!!!!!Note
you can enter nifty for sorting nowNote
target 10750Note
Entered @108151st target-10780
2nd 10740
Note
Is anybody trading today or only i am trading and posting??Note
Only 4/5 messages i got?? Be confident while trading with me Guys!!Then i will keep my view with me only. My targets are always safe targets as the market can go further up/down.
Note
It should do a double bottom todayNote
consider the arrows in the posts if you find any lower low in 5 mins chartNote
for the time being it is doing higher highs. so watch carefulyNote
Don't buy Nifty, just wait and watch!!!Note
As my analysis show bearishness in Nifty i will not buy Nifty, will only wait and watch.Note
we can buy nifty now for 30 points moveNote
trail stop loss to 10950Note
trail to 10960Note
trail to 10970 Future priceNote
trail to 10980Note
trail to 10985Trade closed: target reached
hit target in the short bullish runNote
entered @10930 Future priceExited @10985
Both sides our target hit.
Cheers!!!
Note
Guys Anybody caught this Move?Note
Mine 20k Profit today.Note
Wait till 1.45 to 2 PM for any shorting opportunity, I will updateNote
Guys only 9 likes is discouraging??Note
If you are in long position book your profit, Anyhow we can enter anytime later.Note
Did not get that Shorting opportunity again today, so we will see it tomorrow. Be prepared.Note
Today also both side target done.Like coment and share with your friends, if in trading they are losing money. They can follow me and recover their hard earn money.
Cheers!!!
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