Nifty in Bears' Grip!! See what it might happen on 22nd Aug
NIFTY
Though Nifty is heading to complete a bullish crab, which i personally don't trade on this pattern, It will be interesting to see what will happen tomorrow, As we are in profit the whole 2 weeks no loss we will wait and enter in the trade if it follows our analysis.
All technical indicators are showing Nifty is bearish. Which we predicted well ahead when we see the Bearish Gartely Pattern and before in my 1st post of Nifty big picture post below in the links.
As multiple patterns indicating bearish what should be the safer entry and exit?
So for Intraday what should be the Strategy?
There could be a healthy retracement, up to 10940-50. So if a bearish structure is formed near there we can enter the trade when it breaks the lower low lower close in 5 mins candle. Otherwise we have to wait till 10985 and see the same.
It is not advisable to enter for a Long position. If it goes up then Market is Supreme no hold on that.
So if we made a Short entry the targets will be 10880-840-810. We will enter only if a lower low lower close structure is seen in 5 min time frame on around the levels.
So the rule is set, Cheers!! Like Share and follow to get market hour updates.
Comment:
1st target achieved!! Cheers
Trade closed: target reached:
Second Target Achieved!! Cheers, I exited now @10838 no greed.
Comment:
Guys follow the idea by clicking on the red ribbon near to like below the chart image. I will see for some days if no likes or comments then probably 2/3 people following the idea, don't think to maintain posts for less audience is valuable. So like comment and share if you feel these posts are valuable.
Comment:
See when i shared this view. see the second picture in the post below the 1st chart.
See when i shared this view. see the second picture in the post below the 1st chart.
Comment:
3RD TARGET JUST MISSED BY 4 POINTS, CHEERS!!
Comment:
Bullish crab did the magic!! Cheers!! if you entered for CE or bought Nifty
Comment:
Made low 10735 posted on Aug 15th Nifty Big picture view.
My above comment on bullish crab why i don't trade is proved today in market hours only. Now We can see an actual Reversal on Nifty staying side wise for few days, will trade in tight range. Will update more on this in my next post.
My above comment on bullish crab why i don't trade is proved today in market hours only. Now We can see an actual Reversal on Nifty staying side wise for few days, will trade in tight range. Will update more on this in my next post.
