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AB=CD

Gartley : The Gladiator ! Will it Save Nifty ?!Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.) so if patterns behave as they ideally behave Nifty may rise up till resistance zone 8680's. But we should note that, for past 2-3 weeks we had approx.3 pattern failures only, so we should take steps carefully bcos we can't win everytime or 95%. In the same pattern completion zone we have a trendline passing through which is tested 4 times and Nifty moved up. I remember GBPUSD which I did yesterday night, similar to Nifty, it retested 3 times & 4th time when I entered long it failed. Usually Newbie's will kick themselves and scold their luck, No Guys.. It Just happens,part of trading Game. None does something willfully against you knowing your strategy ! But I expect today we may have calm day kinda ranging bcos silence after the storm. Let's See... If the Nifty goes down plan your trades accordingly, I just gave my view based on Patterns n Elliott's ( oh God ! I forgot to explain ). Its simple wave count we have done with imaginary moves for Nifty but if you want to alter elliott counts you can start at Point (A) of ABCD pattern, that Elliott count is also correct. So based on patterns,Elliots, Trendline we expect upmove in Nifty till resistance but we will find out soon what happens... I may be wrong or right in My view ! BottomLine : Usually Newbie's will kick themselves and scold their luck, No Guys.. It Just happens,part of trading Game. None does something willfully against you knowing your strategy or to takeout your stops ! Its all our absurd imagination... Stay Strong in Trading Game. It's all psychology !
NSE:NIFTYLong
by InsiderB
19
BankNifty : Bats n Elliots, can we bank on them ?!Banknifty last week hit trailing stops and I exited my positions for breakeven, booked 50% only on 1st Target. So its a ok-ok trade only.No we have potential bat pattern completion & ABCD pattern completion around same zone in BankNifty, so guys when 19250's are reached be vigilant. Another thing Banknifty is not like usual stocks which trades in 100's, we are looking at 5 digit number here, so a simple more of 100points is nothing for BankNifty, Take care of your stops and where it needs to go. Finally we have Elliots also in BankNifty aligning with Bat & Abcd pattern, wave(4) will be targets for our patterns. Let Banknifty break support zone marked above, then only we can confirm whether the pattern really completes or not. If you want to trade the waves of Elliott, Go down a timeframe look for opportunities to enter. Probably if Nifty bounces backup, Banknifty can do same thing, Lets see what happens !
NSE:BANKNIFTY
by InsiderB
12
Nifty : Fighting Bears like Spartan's !Welcome Monday ! We are ready... Today we have simple ABCD trade setup bcos the Nifty move is yet to complete and with initial look itself we can predict we have support zone for Nifty created by Gaps. Even if Gap down happens today, I hope that will be in previous Gap Zone 8850's -8820's. Check with few fib ratio's over AB leg, ext. fall within zone. So if we get Bullish confirmation in the zone along with ABCD completion, But if Nifty crosses above C, this ABCD counter trade setup will become invalid, so we need to look for other opportunities. It's always a game of predictive analysis about Future, not the past wins !{ Note : We haven't got much losers in Nifty for past few weeks, so if some losses come along the way, Be Bold } So if Nifty Bears comes into our zone & gives bullish confirmation, Stand against those Bears Like Spartan's with Sharpened spear to pierce the chest of Bear's. Looks like so much of violence, do I need to censor ? ;)
NSE:NIFTYLong
by InsiderB
21