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BtechTraders
Sep 5, 2019 6:03 AM

Nifty will Fall if the candle closes below 10874 Short

NSE:NIFTY15
Nifty 50 IndexNSE

Description

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Watch for the point 10874 and enter shorting if the candle closes below 10874.
Targets are 10844, 10832, 10780.
Trade carefully since its expiry day.

Trade closed: target reached

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First Target reached.
Book profits as Target is reached.
Risk trading afterward since today is the expiry day.

Trade closed: target reached

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The second Target reached 10832.50.
Book profits.

Comment

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If Nifty closes above 10840. Nifty can go up to 10856.
High-risk trade. Enter with SL and book profits and exit as soon as the target hit.

Trade closed: target reached

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The target of 10856 reached. Book profits.
Trend AnalysisHarmonic PatternsChart Patternsnifty50NIFTYnseBANKNIFTYBSERELIANCE
Comments
joshuakanatt44
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Fantastic guys !!! Good work keep doing
RameshYalawar
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perfect peridication and pattern is easy understand simply best thank u
BtechTraders
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@RameshYalawar, Thank you, Ramesh, That's the main objective to convey the analysis and recommendations in a simple way so that everyone can understand and start doing your own analysis.
JibinVictorJohn
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The pattern was very noticable, Well done
BtechTraders
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@JibinVictorJohn, Thank you Jibin, How much profit you made? from which point did you enter?
NithinGeorge
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Thank you Sir,
I booked my profits in the 1st target.
Didnt hold for the second.
BtechTraders
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@NithinGeorge, Good and keep the profits coming.
Yeah since its expiry day holding is risky.
Trade with SL and Enter and Exit at the right points.
GARRY_D
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please mention if there is any other trade we can enter today.
BtechTraders
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@Jerry001, Enter trade after 1 pm
since its the expiry day, the market is highly volatile.
so trade with SL and enter at right times.
we will update the entry points.
GARRY_D
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@BtechTraders, ok, thank you
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