InsiderB

Gartley : The Gladiator ! Will it Save Nifty ?!

Long
NSE:NIFTY   Nifty 50 Index
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty !
So what are the components of today's chart ? We got,
(i) Bullish Gartley - The Gladiator
(ii) Bullish ABCD completion
(iii) Elliot wave counts
(iv) Trendline in Support zone

We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.) so if patterns behave as they ideally behave Nifty may rise up till resistance zone 8680's. But we should note that, for past 2-3 weeks we had approx.3 pattern failures only, so we should take steps carefully bcos we can't win everytime or 95%.
In the same pattern completion zone we have a trendline passing through which is tested 4 times and Nifty moved up. I remember GBPUSD which I did yesterday night, similar to Nifty , it retested 3 times & 4th time when I entered long it failed. Usually Newbie's will kick themselves and scold their luck, No Guys.. It Just happens,part of trading Game. None does something willfully against you knowing your strategy !
But I expect today we may have calm day kinda ranging bcos silence after the storm. Let's See... If the Nifty goes down plan your trades accordingly, I just gave my view based on Patterns n Elliott's ( oh God ! I forgot to explain ). Its simple wave count we have done with imaginary moves for Nifty but if you want to alter elliott counts you can start at Point (A) of ABCD pattern , that Elliott count is also correct. So based on patterns,Elliots, Trendline we expect upmove in Nifty till resistance but we will find out soon what happens... I may be wrong or right in My view !


BottomLine : Usually Newbie's will kick themselves and scold their luck, No Guys.. It Just happens,part of trading Game. None does something willfully against you knowing your strategy or to takeout your stops ! Its all our absurd imagination... Stay Strong in Trading Game. It's all psychology !

Comment: Guys,Just an update, Watch out for the Double bottom on 15mins :)
Comment: The Gladiator Gartley saved Nifty. Target 1 Done...
When the whole world panicked & said short, we initiated longs...

Thats why always I suggest, stick to your trading plan with utmost discipline even if the world is against you ! True Valour...

Comments

very very incouragement guide/regards
+1 Reply
Thanks for sharing your view, its very enlightening!!!
+1 Reply
InsiderB inderjeet05
Thanks man, happy that you like the charts !
Reply
rajesh2467 InsiderB
Nice, descriptive chart. Thnx.
+1 Reply
InsiderB rajesh2467
Thank you !
Reply
Now, on every rally up, it is a good time to exit Nifty. Btw Well descriptive chart. I believe that too. Regards.
+1 Reply
InsiderB NeeteshJain
Probably I would say Yes. But Nifty is still directionless I believe, I don't think yesterday's panic sell is indication for down move. Thanks for the comment bro :)
Reply
trader4573 NeeteshJain
Thanks bro for sharing your views......yes..lets get down around 8680...again lets wait for opportunity to jump in...we may miss few points but it wont hurt our capital....anyways, thanks again sharing your views....do you see ABC correction done in GAIL...any clue over there?????
+1 Reply
InsiderB trader4573
Yet to check Gail bro, will look into that. You mean 8580's for long or 8680's for Shorting ?
Reply
trader4573 InsiderB
Thanks for your time on GAIL.....I mean, already on nifty long...will get down nifty around 8680 and wait to short or long :) safe game when market driven by news :)
+1 Reply
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