WaveTalks

Nifty - Selling The Tops-10985 /H&S Pattern

Short
WaveTalks Updated   
NSE:NIFTY   Nifty 50 Index
H&S = Head & Shoulder Pattern

Trade active:
06:08 Hrs 23rd Jan 2019

Last Price@10922

Critical Support Zone 10600-10625 -

Going below that zone & also puking below 10500 can be all repeat of action what we saw in Oct 2018 - when Venus retrograde happened- Dow Made high as of 3rd Oct 2018 - 26,951

Next week, It is budget session - be ready for the action and manage your positions accordingly. Kindly do not be complacent.
Trade active:
08:28 Hrs 23rd Jan 2019

Last Price@10922

Good Morning!

Risky Traders - have been asked to keep watch on 10930-10940 zone if stops or faces resistance then plan to sell

Do not consider selling - if the index moves above 10940-10950 zone upside. H&S pattern which is assumed as Right Shoulder isn't created - can go for the toss.

Do check the video about trading strategy & H & S pattern activation which happens below the neckline.

Thanks
Trade active:
13:51 Hrs 23rd Jan 2019

Last Price@10919

Falling 2 times from 10940-10945

Since Morning It goes to 10905 -Turns upside - again went to 10906 - bounced upside & trading at 10919.

Thanks
Trade active:
14:35 Hrs 23rd Jan 2019

Last Price@10885

God News - Right Shoulder Formation Starts from 10940-10945 zone

Breaking Neckline will measure the distance as discussed over the video.

Important Resistance / Strict Stop Loss upside -10945 for the current selling

Comment:
14:38 Hrs 23rd Jan 2019

Good Sign - "God" News
Trade active:
14:45 Hrs 23rd Jan 2019

Last Price@10875

Congratulations!!! for Right Shoulder Formation

Going Below 10865 -Neckline breaks - Risky Traders happy with 65 points in sell trade from 10930-10940 as suggested in the video.

Trade active:
15:12 Hrs 13rd Jan 2019

Last Price@10825

Nifty Cracks in H&S Pattern below 10865

Bank Nifty Down - 250 points

Sensex Down - 350 points

Trade closed: target reached:
15:18 Hrs 23rd Jan 2019

Last Price@10825 - Partial Target Reached at 10813

We book partial profits in 2nd time selling below 10865 or book complete 120+ points from day high zone 10940-10945

Enjoy The Day!

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

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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