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Howdy Everyone, I'm biased today !!!
From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but its fine even if its 50pts Gap up. probably Nifty will open above triangle trendline {aggressive entry}, if opens with triangle & breaksout we lucky. But whatever tradesetup it forms go in with proper stops. I don't see any setups for Shorting, so no shorts for Me, though there is potential Harmonic pattern , but for that to complete Nifty needs to move up, lets see that later. Let the bears take rest,Bull Stampede Begins or will they prove Me wrong ? Lets see... As promised, posted earlier !
For the Day : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !
From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but its fine even if its 50pts Gap up. probably Nifty will open above triangle trendline {aggressive entry}, if opens with triangle & breaksout we lucky. But whatever tradesetup it forms go in with proper stops. I don't see any setups for Shorting, so no shorts for Me, though there is potential Harmonic pattern , but for that to complete Nifty needs to move up, lets see that later. Let the bears take rest,Bull Stampede Begins or will they prove Me wrong ? Lets see... As promised, posted earlier !
For the Day : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !
Comment:
Choose what you wish for, Trade with utmost care !
Comment:
Nifty took off & crash landing bcos of harmonics !
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For that the above pattern mentioned in comment need to fail, its kind of cat on the wall, so pls check your risk n analysis once before making any decision. Cudn't confirm for sure !
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Again you proved that you calculation if very correct, when everybody was saying short.
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Sir market is in range after 12 playing near 8840-8865, What it means? Is it consolidating in-between the range?
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For the day its ranging, it will revert back to long trend, but will rise steadily I believe.
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