AbhishekHSinghCMT
Short

Nifty - Bearish Bat Harmonic Pattern (Trigger Below 11880)

NSE:NIFTY   Nifty 50 Index
Hi All,

It is Oct Expiry 2019. As updated in the status few mins back. Traders to be careful below 11880-11900 zone. Bearish Bat harmonic Pattern Triggers Below 11880

Target Downside - 11500 / 11090 / 10700

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Last Idea - Culmination Point for 13500-14000 Target Video Idea


Plan B is done close.

Thanks for Support.
Trade active: 15:35 Hrs / 31st Oct 2019

Small Wedge at the Top -11945 & What a fall to 11855 !!!

So, will the rally halt at the tops of 11945 - let us wait & watch. Thanks

Trade active: 09:31 Hrs / 1st Oct 2019

Last Price@11905

Resistance zone 11910-11930

Index halting in the above mentioned zone & failing to cross above 11930 - we expect downside 11875/11830-11840 zone.
Trade active: 10:47 Hrs / 1st Nov 2019

Last Price@11861

Recent Low -11843

Close to 1830-11840 zone. One can book profits & resell at the tops of 11910-11930
Downside Support zone 11785-11810 which can hold the price fall - going below 11775 - It can continue downside.
Trade active: 12:01 Hrs / 1st Nov 2019

Last price@11866

Index has short term negative bias if fails to cross 11890-11900 zone & we look for 11810-11820
Fall can continue if slips below 11775 as updated earlier. Thanks
Comment: 14:15 Hrs / 1st Nov 2019

Last Price@11891

Index visited 11890-11900 zone couple of times - Our stop is above 11920 -day high & we look for 11800-11820 Next
Trade active: 14:45 Hrs / 1st Nov 2019

Last price@119898

No Short Trades above 11900 for safe traders -Only risky traders & that too stops above 11920
Trade active: 15:13 Hrs / 1st Nov 2019

Last Price@11888

Welcome to the real world of market!!! - This is how market test trader's patience & if you are thinking why it is not coming down- let me tell you trading is not an easy job.
Market likely planning to extend the fall for next week. I won't advise safe traders to carry position / risky traders with stops above 11920.
Thanks & Nice weekend
Trade closed manually: 12:07 Hrs / 4th Nov 2019

Last price@11916

Idea invalidated as it moved above 11880-11900 zone last week. Have updated recent comment in latest video idea of stock- Bhel. Thanks
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ

Comments

Your response to Sanjvt below that you are skeptical about the range from 11940 - 11980 gave a guidance that 11980 could be a possible hurdle and market turned back at 11983 . Wah ! super analysis. Thanks for the guidance.
Reply
@boindala99, Cheers !!! someone is reading the comments. Nice & Thanks - You had the clue- rest in the bhel idea. Thanks
Reply
Dear Abhishek .Please give insights of current Elliot wave levels .i.e. wave four started at 6825 means is the wave 5 ended at 11930 range or still any extension
Reply
AbhishekHSinghCMT r.sasiganapathy
@r.sasiganapathy, It is in wave 5 extension which is yet to finish & likely "above" 12000 -12105 -have mentioned targets as 13500-14K +
Reply
Dear Abhishek, as mentioned by you, SL for shorts is 11,920. Incase the market opens above this level on Monday 4th Nov, should one look to go long? As always, thanks for your guidance.
Reply
@sanjivt, No. I would likely avoid 11940-11980 zone as it is tricky zone.
Reply
sanjivt AbhishekHSinghCMT
Thanks@AbhishekHSinghCMT,
Reply
thank u sir
Reply
@MahadevPhad, Welcome.
Reply
Bhai kabhi inr par bhi koi video bana dijiye. Nifty ke toh aap master ho. Thanks for the update bhai
Reply
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