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
@KumarAbhilash, True, I mentioned this in the video as well but will be cautious as 10800 is an important level & traders do jump in when they see these important levels post big fall. Going below 10800 - It can attempt for the desired gap zone target. Staying above 10800 - I will be little cautious.
kacharts
⋅
@AbhishekHSinghCMT, i saw ur video just now, yes also todays low is trendline support, now either i will go short near 10875 seeing the favourable condition or below 10800 but anyway this is the best analysis i have seen, presentation is simply flawless.
target of h&s is exactly filling gap