AbhishekHSinghCMT

Nifty - Is 11461 the Bottoms- Accumulation Wedge

NSE:NIFTY   Nifty 50 Index
Short First & Long Later

Trading Strategy

Plan A –
Selling in 11685 -11710 for Targets - 11650-11660

Plan B –
Selling below 11650 for Targets - 11600-11615

Plan C –
Selling Below 11600 for Target zone - 11525-11540

Plan D –
Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for 11980-12000 & Above 12050 for 12150-12200

Plan E-
Buying from 11525-11540 with strict stops below 11500 for same targets as suggested in Plan –D

Risky Traders Call
Most Critical Zone – 11475-11
490 can also be used as buying zone for targets 11700-11980-12200.

Picking the Bottoms at 11461 lows
Image





The Last Video Idea - D- Street or Damaged Street - 520 Points Fall -11961 to 11461

Trade active: 09:46 Hrs / 18th July 2019

Last Price@11656

Plan A -Target Done in 11650-11660 zone. We take sell as per plan B later & avoid sell if holds above 11650
Trade active: 10:22 Hrs / 17th July 2019

Last Price@11672

Look at the bounce -went close to the opening levels at 11675 which is close to
the selling zone 11685-11710 as per plan A so you can consider selling from the tops again. Thanks
Comment: 11:25 Hrs / 17th July 2019

Last Price@11653

Index Repeated Plan A - Sell again & target achieved from 11675 to 11650 - Plan B will be executed only if goes below 11645-11650 zone next else we will repeat the Plan A again for third time from the tops.
Trade active: 15:08 Hrs / 18th July 2019

Last Price@11603

Congrats to all. Index Touched 11601 - Plan B done. Do check other plans & manage your risk accordingly. Hope you liked the expiry day idea.

Trade active: 21:24 Hrs / 18th July 2019

Closing Price@11601

The structure is vulnerable & weak can attempt more fall to visit the zone 11525-11540 but if it holds above 11600 in tomorrow's session - it can bounce close to 11650-11670 first & holding below 11700 later to resume the fall again to the zones of 11525-11540.

Any move above 11725 - could be more bullish scenario for higher targets as mentioned in Plan -D.

Thanks & Good Night.
Trade closed: target reached: 14:28 Hrs / 19th July 2019

Last Price@11433

Circle is complete with 11420-11425 - Let us start a new journey. Happy weekend. Thanks

A simple channel

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
Now its channel play provided it stays above 11420.
Reply
what will be the strategy after this crackkkkk.....
Reply
Hi Sir,

I have gone through of your analysis and its very good and simple to understand from you.

Reply
Superb analysis
Reply
Thanks for your update.
Reply
@prabakaran62, Happy Weekend. Thanks
Reply
very good analysis!!!!!!!!!!!
Reply
@JAY24SAN31, Cheers!
Reply
Hi Sir,Your view give me clarity and confidence to approach the market. This ELLIOT WAVE THEORY pave the way to trade in the market in Relax mode.
Sir,Please suggest me quality books in Elliot Wave theory,
i would like to improve my skill with your guidance
Thank you sir
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