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WaveTalks
Feb 11, 2021 9:57 AM

Nifty - Bearish Cypher in 15180-15200  Short

Nifty 50 IndexNSE

Description

Pattern Fails & Do not sell if Nifty crosses above 15200 - Sell only in 15180-15200 zone

Trade closed: stop reached

09:20 Hrs / 12th Feb2021

Last Price @ 15205

Pattern Failed & Stops Taken - Suggested -Not to sell if goes above 15200

Careful----------Careful -----------Careful if Nifty Falls below 15180 -15200 zone

Comment

09:23 Hrs / 12th Feb2021

Last Price @ 15172

Anytime Trader's consider Selling if drops below 15180-15200 zone

Comment

10:27 Hrs / 12th Feb2021

Last Price @ 15190

What is PRZ - It is a Potential Reversal Zone so Traders have to do their due diligence & check at their end for the strategy part whether they want to execute or leave the trade

Thanks

Trade active

10:48 Hrs / 12th Feb2021

Last Price @ 15216

Till the Time It is holding above 15180-15200 - It will have positive bias but as soon as it falls below 15185 - It will turn into selling

So, Trader's You have to be careful today in trading as Stock- Reliance has turned down close from 2075 -suggested in the last night idea

Target 1 Below 15185 ---------------15110

Target 2 15065 - Sell only below 15100

Target 3 - More on downside below 15050

Trade active

14:18 Hrs / 12th Feb2021

Last @ 15123

What A Selling from the tops & suggested level 15185 !!!

2nd Target @ 15065 just missed by 15 points

Trade active

14:39 Hrs / 12th Feb2021

Last @ 15142

Careful Selling Can Happen Again -------Below 15150------- & Nifty can touch 15065 or even lower levels today
Comments
Shivam93
Assuming the pattern invalidate and it cross 15200 oh 1hr tf, is it possible that it will make new high.
WaveTalks
@Shivam93, Anything is possible in the market
sachindarade681
Great Brother
sanketsudan
You can read the charts and use Elliott Wave principles well!
WaveTalks
@sanketsudan, What a selling below 15185 - 2nd target just missed by 15 points
Shivam93
hurreeee, yepeee
pk99133
So which put strike shd be taken ?
WaveTalks
@pk99133, No comments for options
Akshay77
Ok sir. Thank you🙏
shambhusinghchauhan
Thanx
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