Nifty -Possible Leading Diagonal-Selling from the Tops @10550
Updated
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam
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Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question.
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Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario
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Trading Strategy
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Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken
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TradingView Profile Page
in.tradingview.com/u/AbhishekHSinghCMT/
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
-----------------------------------------------------------------------------------------------------------------------------
Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam
--------------------------------------------------------------------------------------------
Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question.
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Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario
------------------------------------------------------------------------------------------------------------------------
Trading Strategy
-----------------------------------
Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken
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TradingView Profile Page
in.tradingview.com/u/AbhishekHSinghCMT/
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Trade active
12:48 Hrs / 25th June 2020Last price @ 10224
Intraday 10200 would be minor support & if Nifty crosses above 10225 & holds above that level then expect upside push for 11300 / 11350 /11375 targets as relief targets to sell later.
Note
Sorry Typo Mistake Again - Expect Upside Push to 10300/10350/10375Trade active
13:47 Hrs / 25th June 2020Last price @ 10318
Hurray!!!
Nifty Jumps 100 points above the expected level of 10225 - running for target 2 - 10350 & 10375 next
Trade active
13:51 Hrs / 25th June 2020Last Price @ 10350
Target 2 done ---------------------10350 - Heading Next for 3rd Target 10375
Trade active
15:17 Hrs / 25th June 2020Last Price @ 10279
Strictly -If Holds Above 10275 - We look for Upside Push to 10350 & 10375 else we close for the day.
Thanks & Goodbye
Trade active
Photo for all my followers 1st upside rally we got from 10225 to 10350 - Next Expecting back to 10350/ 10375 if Index holds above 10275
Current low was 10270 - Can we get it? (Going below 10275 - We won't participate)
Trade closed manually
09:22 Hrs / 26th June 2020Last Price @ 10365
Index Completed 100+ Points push & completed our upside target. Thanks & Good Bye
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.