AbhishekHSinghCMT

Nifty -Wonder Waves Part 2-Can Patterns Repeat from Bottoms 8055

Long
NSE:NIFTY   Nifty 50 Index
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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Pardon me for saying figures of 80000+
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Trading Strategy

Note-
Recent Pattern shown in current video idea is not "Head & Shoulder" Pattern as H&S Pattern - Symmetry is very important. We used that geometrical pattern to discuss the upcoming bottoms & demand zone for the Index.


Target 1 - Strictly moving above 8100 - 8250

Target 2 - 8350

Target 3 - 8650-8700

Target 4 - Above 8700 - look for 9000+ (Not valid if crosses above 8700 & falls back below 8700)



Have a wonderful week ahead. May God bless all of us.
Trade active: 09:22 Hrs / 7th April 2020

Last Price @ 8445

Partial Targets achieved - 8200 / 8350 ---------Day High @ 8467 - Suggested to pick or look for buy in the Hexaware idea before Markets closed last week our stops were just 5 points at 8050

Buying was suggested not once but twice in 8050-8070 as Markets never give 2 chances back to back.
Comment: 11:34 Hrs / 7th April 2020

Last Price @ 8520

Day High @ 8540

Next Buying Should be opened once it crosses above 8550 - Strictly it should hold above 8550 else we look for a Intraday slip from the highs
Trade active: 12:56 Hrs / 7th April 2020

Last price @ 8591

Profits Bookings are expected close to 8600. So, Only Risky Traders They can hold their long positions & expect more on upside else next support & buying opportunity comes at
8430 / below 8430 - 8380 / below 8365 - expect more on downside
Trade active: 13:33 Hrs / 7th April 2020

Last price @ 8619

Intraday Bears might not be getting the grip now as trend has changed for upside. If you missed the buying opportunity close to 8100 - you should wait for next fall to join the bull camp or join above 8675-8700 as going above this zone & holding may surprise you for 9000+ which can be possible Intraday itself.

Risky Traders - They can continue for more on upside till 8675 (Holding 8600 downside)
Trade active: 15:18 Hrs / 7th April 2020

Last Price @ 8800

Join Tomorrow above 8820 for 9000 & above 9000 -if holds then look for 9180-9225 zone upside

Thanks & Good Bye
Trade active: 13:48 Hrs / 8th April 2020-

Last price @ 8775

Index missed 2nd target range by 50 points- (9180-9225)was expected-Made Day High at 9130-Doing correction for the day's explosive move.

"Moving Strictly above 8860" - look for next upside-9050 & holding above 9050- look for 9200-9250

So, Keep a watch. Be Happy !!!
Trade active: 14:37 Hrs / 8th April 2020

Last Price @ 8748

Risky Traders - There was a clue in the comment section to one of our colleague with Zero loss below 8700 ------Recent low -8700

Only for Risky Traders ------------Safe Traders Kindly trade abve 8860 only.
Trade active: 15:09 Hrs / 8th April 2020

Last price @ 8742

Risky Traders -- You should close all long positions if Index drops below 8720. As risk becomes bigger for downside.
Markets are either ways closing so join tomorrow again only above 8860 levels for 9050 & 9200-9250 next.
Thanks & Good Bye
Trade active: 10:21 Hrs / 9th April 2020

Last price @ 8993

Trading with real money is extremely tough as you have to avoid all emotional attachments & have sharp eyes as a Eagle.

If you watch carefully - Holding 8700 -Targets for Risky Traders were mentioned as 9050 - Day high is 9030
So any time it moves above 9038/9050 - Another upside room of 100-200 points open up which can take Index to 9200-9250 zone.
Trade closed: target reached: 18:25 Hrs / 12th April 2020

Hope this was an exciting idea which guided us 2000 Points move in Nifty with key level at 8700 mentioned in the video idea (under Target-4).

Another journey ends in up-down-up fashion. Recap - Expected up move(8055-9130) Expected down move (9130-8700) & Expected up again(8700-9130) - where key level (8700) was already suggested.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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