AbhishekHSinghCMT
Long

Alternate Bullish Harmonic Bat - Buy 11550-11565 for 11650/11780

NSE:NIFTY   Nifty 50 Index
Current Price - 11559- 12:10 Hrs / 27th Jan 2020

Trading Strategy / Plan -


Safe Traders -
Kindly trade only between 11550-11565 zone - Trades to be closed if goes below 11550 &

Risky Traders
They can hold with strict stops below 11535

Target 1 - 11650

Target 2 - 11780

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Last Video Idea - Wave Talks : Right in the block hole 12110-12125
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Comment: 12:40 Hrs / 27th Feb 2020

Correction ---------- Above instead of "Jan 2020" -----------it is "Feb 2020"
Trade active: 13:31 Hrs / 27th Feb 2020

Last Price @ 11601

Trail your stops below 11580 & wait for first target 11650
Trade active: 13:41 Hrs /27th Feb 2020

Last Price @ 11587

If Trailing stops taken at 11580 then be out - safe traders

Only Risky Traders Hold Long Positions with strict stops below 11550 next - for same target 11650 / 11780
Trade active: 13:53 Hrs / 27th Feb 2020

Last Price @ 11598

Market is looking doubtful for bullish bias that means if it stays below 11600 - Avoid all buy positions or close all buy positions

Hold your buy positions only if it is above 11600 else great chances of making new low below 11537 if goes below 11550 levels.
Trade active: 14:00 Hrs / 27th Feb 2020

Last Price @ 11600

If any time you feel that you are not getting what I write or it is confusing then kindly clear it on comments section below but before clearing - close all your positions.

Thanks
Trade active: 14:04 Hrs / 27th Feb 2020

Last Price @ 11586

In simple language - Nifty is weak below 11600 & has negative bias & only above 11600 - it has bullish bias

So, going below 11575 / 11550 - great chance of making new low in 11480-11500 zone.

Hope you all understand.
Trade active: 14:47 Hrs / 27th Feb 2020

Last Price @ 11620

Nifty Holded exactly 11574-11575 levels & pushed upside to 11620

Here 11625-11635 zone is very important - If Nifty stops & starts falling then it will attempt 11575 - below 11575 - 11550 & 11535 & more on downside in order
Trade active: 14:57 Hrs / 27th Feb 2020

Last Price @ 11627

Reached the desired zone 11625 - 11635 - We have 2 calls here in present scenario

Plan A - Sell in 11625 - 11635 - " If Nifty Stops "- Downside Target 11575 / 11550 / 11540

Plan B - Buy with strict stops below 11535 for 11635 / 11788 later today or tomorrow next day session.

Finally manage your risk properly while trading - never ever blame anyone for your own trading that is not correct at all.
Trade active: 07:30 Hrs / 28th Feb 2020

SGX Nifty down 175 points - Have suggested at 14:04 Hrs yesterday @ 27th Feb 2020

----------So, going below 11575 / 11550 - great chance of making new low in 11480-11500 zone.

---------------------------------------------------- DowJones down 1100+ - Nifty shall continue its journey towards 11100 levels as suggested in previous ideas. Thanks
Trade closed manually: Idea is closed. Thanks for all support
Comment: 10:08 Hrs / 28th Feb 2020

Last Price @ 11314

My status update has changed at 09:53 Hrs - be careful in selling if Nifty bounces above 11300
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn

Comments

Comment removed.
AbhishekHSinghCMT ParulShrivastav
@ParulShrivastav, You trade using title why stops were not placed? by the way I have updated to sell bet 11625-11635 at 14:04 Hrs. Kindly do not blame others for your own process of not following proper risk management.
+1 Reply
Comment removed.
AbhishekHSinghCMT ParulShrivastav
@ParulShrivastav, Why did you carry trade without a stop loss - That is the question I asked you. Is this the way trade. If yes, please check risk management first before you trade further. These are basic rules - a trader should understand.
Reply
Comment removed.
AbhishekHSinghCMT ParulShrivastav
@ParulShrivastav, Please do not jump in between & don't assume anything for anyone. Did you get it! whoever has a problem let them come &
Reply
sanjivt AbhishekHSinghCMT
@AbhishekHSinghCMT, thanks for providing us with the free guidance....it's up to us how we use it....as far as I'm concerned, you did an amazing job of calling both the significant tops at 12,400 and 12,150....how we manage our risk is an individual decision....keep up the great work....cheers!
+1 Reply
ElizaWilson AbhishekHSinghCMT
@AbhishekHSinghCMT, be careful in selling if Nifty bounces above 11300 :- totally your post is going against the nifty.
+2 Reply
@ElizaWilson, So don't follow
Reply
ElizaWilson AbhishekHSinghCMT
@AbhishekHSinghCMT, Then why are you giving advice on public post.
+2 Reply
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