AbhishekHSinghCMT
Short

Nifty- 29th April 2019 - How will you sell ? - X -Wave Mission

NSE:NIFTY   Nifty 50 Index
We are now in Plan F as mentioned in the video idea published on 9th April 2019

9th April 2019 - Elliottwaves - Let us make some wedges


-------------------------------------------------------------------------------------------------------------------------------------
Trading Strategy

Once Head & Shoulder Pattern gets activated as explained over the video look for below mentioned targets
Activates below 11550
Target - 11300-11325
Target - 11125-11150


Risky Traders Selling below 11850 for targets
11665
11550-11575 & continue with head & shoulder strategy as mentioned above.


Safe Traders Selling below 11800 for targets
11665
11550-11575 & continue with head & shoulder strategy as mentioned above.
Trade closed manually: 09:30 Hrs 30th April 2019

Last Price@11705

Fall Started As expected below 11800 - Manage Your Positions Next. Thanks
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
SO WHAT'S NEXT? NIFTY NEAR THE SUPPORT LINE OF 11312. DO WE SEE AN UPSIDE REVERSAL FROM HERE? DO YOU SUGGEST BUYING FROM HERE AGAIN FOR 11550-11800 LEVELS OR DO WE EXPECT TO SEE MORE DOWNFALL.?
Reply
so we are heading back to 11550?
Reply
@mklives, That can be a possibility if it holds below 11800 & hardly 250-300 points -need to correct before we start higher upside.
+1 Reply
So we have to sell at 11850??
Reply
@andibhatt, Selling close to 11850 with strict stop loss above 4/5 points is for Risky Traders & others you can refer similarly. Thanks
Reply
what happened to the plan E? it can still happen?
Reply
@Parasuram, Plan "E" was modified & we bought as per last idea - "Journey of 550 Points" Instead of buying above 11700 - which we never got the chance once it started falling from 11850 highs - it slipped to 11715-11730 & suggested no buying below 11700 (- refer plan "B" & plan "E" ) as they are interlinked - so we bought finally at 11565 & before that we even sold at 11645-11650 on expiry day for 100 points puke & turned our position for upside till 11550 was intact. Long positions created at 11565 for Risky Traders & Safe Traders above 11600 -it kissed 11750 & 11796 (we expected 11850) which was back 2 back moves in the ideas combined.
Reply
Excellent analysis , Educative and well presented...regards
Reply
@prabakaran62, Cheers!!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out