AbhishekHSinghCMT

Nifty - Drawing Expert@11550-Journey of 550 Points

Long
AbhishekHSinghCMT Updated   
NSE:NIFTY   Nifty 50 Index
11:10 Hrs / 24th April 2019

Nifty Last Price@11582 - Spot Price / Cash Price



This piece of analysis I would like to dedicate to Mr. Armando Avila, Former editor of Lowrider Arte ( Lowrider Magazine) who followed the words of wisdom as suggested by his Abeulita (Spanish word for Grandmother) when he was just 8 year old boy & turned his passion into reality- The drawing expert.

Lowrider (Source - wikipedia)
A Lowrider (sometimes low rider) is a class or style of customized vehicle. Distinct from a regular lowered vehicle, these customized vehicles are generally individually painted with intricate, colorful designs, rolling on wire-spoke wheels with whitewall tires.


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Trading Strategy

Plan A -
Buy if holds above 11600 for 11690-11710 target zone

Plan B -
Buy only above 11710 for 11850 & Above 11850- look for 11880-11925 Zone

Plan C-
Sell if 11880-11925 gives resistance - Do not sell if moves above 11950 as we can expect explosive upside move to 12150-12185 as suggested over the video - sign of Uranus planet where explosive breakouts can be expected.


Plan D -
Sell Below 11500 for 11300-11325 zone

Plan E -
Refer Last Video Idea of 9th April 2019- "Let us make some wedges" as mentioned below (click the idea)
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You can scroll down the idea - can comment & put your feedback & support the idea.

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Trade active: 14:51 Hrs / 24th April 2019

Last Price@11688

1st Target Zone Done - 11690-11710 as suggested in the Trading Strategy

Bank Nifty is 250 points +
Trade closed manually: Heading Upside - Nifty at 11795 ( almost 200 points +)

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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