When to execute Safe Traders should look to buy once index starts moving above 10200 with stops below 10175
Risky Traders can buy close in the zone 10180-10185 with stops below 10175.
Target - 10230 - 10275 - 10340
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13:15 Hrs 14th Nov2017
Last Price@10195
Risky Traders - We are in at 10188 just above the zone of 10180-10185. Keep in mind risk is 10175 - 15 points to lose.
We are in the train.
Trade active
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13:20 Hrs 14th Nov2017
Last Price@10205
Safe Traders - You are also in @10200
Trade active
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13:24 Hrs 14th Nov2017
Last Price@10205
Risky Traders took the train from terminal station. You need to trail the stop loss at cost which is 10185-10188 so you lose nothing.
Trade active
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13:32 Hrs 14th Nov2017
Last Price@10198
If you are feeling scared to enter then try going long above 10210 else close all position if it moves below 10185.
Trade closed manually
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15:21 Hrs 14th Nov2017
Last Price@10183
Day Low@10175
Went close to 1st Target at 10230 - session high was 10223 & made day low@10175.
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10:08 Hrs 15th Nov2017
Last Price@10152
Just a comment -till the time now 10175 is intact on upside - nifty is open downside for 10120-10090 zone next. Any move above 10175 shall be first hint for upside.
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13:45 Hrs 15th Nov2017
Last Price@10135
Session low@10130
As suggested 10120-10130 is good support so likely we should book profits from selling on top @10150-10160
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12:09 Hrs 16th Nov2017
Last Price@10180
Look As said It is close to the bottoms -selling is not advisable below 10120 -hardly some points downside we booked yesterday in selling from 10150-10160 holding stops above 10175 at 10120-10130 & today bounce of 50-60 points.
Take Care - This post is already closed. So, I won't be putting any more updates for nifty. Thanks
This isn't a gartley, you cant have a second point that is lower than the B before the C...
WaveTalks
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@razultull, Which point are you talking about. Be more clear & crisp.
razultull
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@AbhishekHSinghCMT, Not sure how more specific i can be. You see that large green candle between the B point and the C point? The low of that candle is lower than your B point, this invalidates the formation.
WaveTalks
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@razultull, Hello, That is an irregular correction which is C point & C-point has developed as "a" - larger "b" which is green candle & "c" which finishes C-point.
pransss
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Is this still valid tomorrow?
WaveTalks
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@pransss, Likely Pattern has evolved & it is no more gartley as D point extended below 78-80% range but from Trading point of view - It can be taken as valid till X-point invalidates means any move below 10125-10130 zone next is very strong support- holding that we can expect a bounce.
pransss
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@AbhishekHSinghCMT, thanks. Can you please give me upside target if it bounces from here? Also good if you can share bnf chart..