COMPARING MY PREVIOUS STATEMENT WITH TODAY REAL MOVE. 1. In title of post I mentioned "nifty in final leg of impulse wave. soon correction." It does not mean final leg was today. What I mean to say very soon in coming one or two days it can complete that leg. Til now no traces of completing it. So some of the traders taking impression of change in trend today's fall can be deceptive.In my point no 5. of previous post I mentioned that green upper line can be last move for nifty . And you see It fell near this level. In every chart I show this magic of support, resistance and zones. My whole study provides such perfection in level where index or scrip reacts.That gives me confidence to manifest whole move one day before happening. Proving in almost 110 posts. It does not mean you start thinking that I wrote in last post reversal is done. Until and unless price fulfill my conditions of reversal pl do not consider it. 2. A red dotted trend line is breached today have been waiting for last many days. But now it has to complete new conditions. First it should take out red support line where I put red arrow. For down side if do not fulfill til i am bullish. 3. On other side green upper zone has to betaken out for upside move. In between two ranges nifty can consolidate for quite some times. So trade with the mentioned conditions in mind. Follow them strictly . Next target of upside is red line. It might be the real point to reverse this move. Remember this this green can also be reversal but fulfill the lower condition.In range bound trades book your profit as soon as possible. Rest market will decide. YOGESH VATS
Hello Sir, This is to inform you that, Today I booked rs 5300 profit 2 LOT nifty 10300 CE, I bought it at near 10145 with strict stoploss of closing below 10120 consider your provided support. I booked the profit at near 10250 and the reson is becuase this price is near 0.618 of correction of yesterdays down move. I hope I did it correctley. Thank you for providing important information.
yvatsji
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@Jash_k, very happy to hear this. And thanks for sharing your trades to co-trasers. So that they can also take educational points. Trade " n " Grow.
Jash_k
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@yvatsji, Sir 0.168 levels worked perfectly on my analysis.. I should have go short when it closed below yesterdays below price ( Break of wave B ) but i didnt as I already profited for the day. But seems my strategy is improving with you and details provided by you. I am hoping best for you and every trader who is here.
sanketsudan
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Bang on target as usual! The trend line has been broken on the downside, shouldn't that be bearish? Can you include 27 EMA on your charts to enable understand it in perspective?
yvatsji
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@sanketsudan, I an sorry I did not include 27 ma in my all charts is always available. Perhaps I do nit trade in nifty that is the reason. I forgot to use it. Form tomorrow you will get it.