Channels have been basis for wave analysis. Drawing them on price data offers support & resistance offering good trading opportunities.
One such channel drawn from the bottoms of 37950 & connected with 39258 lows offered support to the opening low of 40288 as of today - 14th Sep 2022
Prices rallied sharp upside to new highs above 41600+ which is very close to...
Disclaimer:
This is not an Investment Advice. Trading leveraged products carries a high degree of risk and you could lose more than your initial deposit.
"Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to...
WaveTalks - Nifty: Channel Trading Strategy
There are three (3) types of channels:
1. Ascending Channel (higher highs and higher lows)
2. Descending Channel (lower highs and lower lows)
3. Horizontal Channel (ranging)
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Ascending channel
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An Ascending channel is a pattern formed from two upward trendlines drawn...
Bulls Yelling The Excitement- The Gap Strategy!!!
When they come together, they are trying to tell you something.
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17950 – Critical Level: The Important Clue
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From the last 2 ideas published at TradingView - Crossing above...
6th / 7th Oct2021
The index topped at 17882 this morning was a perfect behavior for the last leg downside in an irregular triangle updated in TradingView Author status / Last idea (add on comment).
6th Oct2021 – WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 )
Irregular structures are those which is surpassed in the next leg as it happened for...
This short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 /...
This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390.
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Last Nifty Video Idea
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Hope you enjoy the video. Good...
This Short Video Talks about Auropharma / HDFC & shall wind up with update on Nifty Index. Important support levels - 16542 / 16475
Thanks for watching the video.
Educational Idea talking about reversal candlestick pattern - Tower Top & Double Divergence at the tops could be halting the bullish moves. Once we get follow up going below 16475 immediately- It could have bearish bias for the days / weeks to come ahead.
Important Support Levels - 16160 / 15800-15900 / 15500
Thanks for watching the video.
This short video will discuss my reasons for having bullish bias towards stock indices.
False breakdown below 16180
Piercing Candlestick pattern close to 16180's - Two times
Heavy weight -HDFC yet to finish final target @ 2900+
Let me know your comments. Thanks for watching the video.
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Last Idea on HDFC
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Not A Trading Call. Just for Educational Purpose
Last Price-2010 / 11:46 Hrs / 11th Nov2020
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Recap
Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall...
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...
Traditional Chart Pattern- Ascending Triangle Discussed along with trading strategies in Hindi & English both. Thanks for watching the video
Active Currently - Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960)
Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000
Plan C- Sell Below (Strictly Stops above 12025) for...
