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AB=CD

Nifty : Not a One-Day,Its Test Match Now ! Yes ! Nifty gonna be a test match which is going to test your patience in coming days. Markets opened already, but I'm not altering the analysis which I did for the day, posting it out as it is I did in the morning,No Changes. Hey Guys, Note - this is not single day post, Refer this for coming days probably next 3-5 days. It will be valid for 3-5 days.Wednesday(Nov 9) being vital here. We are looking at 3 vital zones for Nifty (i)8470's zone (ii) 8550's zone (iii) The zone in-between. Now lets explore each zone & what it says about our Nifty ! (i) 8470's zone : Nifty will test n tease us many times near this zone today. With every retest bounce back few points up, may even complete our first half of Double bottom to reach 8500's-8520's. Incase of Nifty breaking this zone with swift move today or Monday (include Tuesday too), it opens up few other interesting scenes with US news events. If it happens today Superb ! I will explain the scenes later after 8470 is taken away bcos its like pandora box, lets not open now. (ii) 8550's zone : The next important zone which is above Nifty & act as immediate resistance for upside potential in short-term.There can be other patterns forming to reach this 8550's if we some action in next 2-3 trading days. Here also News acts as big trigger depending on euphoria surrounding the markets 8600 Gap will be filled. Why ?? Bcos we know our Gap theory, atleast for past 6 months I explained it quite often. (iii) In-Between zone (8470's - 8550's) : One word - Range ! So scalp as much as you can if you want to else take a day off enjoy your life,watch a movie, Go around the city. This zone is direction-less & clue-less region like our human lives trapped on surface of earth which is between Sky & under-ground. We roam around directionless searching something, same-way Nifty will be running around in this zone (8470's-8550's) without any proper direction. We have ABCD pattern completion also, probably will act as gap filler of 8600's - I don't know ! But what I know for sure is we have analyzed pretty much everything for Next 2-3 days and what Nifty will do based on various scenario's. Depending on those check back with your own analysis & Decide to trade or scalp. Few get confused in curiosity of Learning, that they combine every strategy with everything available - don't do so ! Keep things separate & clear, it will help you to get better understanding, Don't combine every strategy available. We know Sell the News, Buy the Fact statement. We have witnessed it in one of my earlier posts few months back but I forgot the post name. But I prefer to make My stand clear - " News is Noise, charts will show us whats coming Next except rarest scenario's" Nifty Test Match is ready to Test Our Patience !
NSE:NIFTY
by InsiderB
23
Reliance Breaks Support (Sell Setup)It is been observed that the price action is trending down as it makes Lower High (LH) and Lower Lows (LL) sequence, indicating a down trend is continuation. Now, the price action breaks and close below crucial support levels of 1055 which indicates further move down to the next support levels at 1033-1030. It is also to be noted that the price action is in progress of completing a bullish harmonic ABCD Pattern. Target: 1033 Stoploss: 1075
NSE:RELIANCEShort
by NeeteshJain
2
BankNifty : Brothers think together !Brother's have similar characteristics, rarely they move in opposite direction depending on personal situations. Yes, Nifty & BankNifty only, as of now by looking at 15 min chart with ABCD completion & channeling, Banknifty is similar to previous post on its big brother Nifty. Though ABCD pattern completed earlier, Targets are not achieved yet & its ranging within channel. A little more swing on 15 mins can form a triangle if it happens in the marked range. Note, the triangle is drawn on imaginary purpose, its not triangle yet but the channel is valid. I don't prefer to call it as Flag. So aim for the breakout, I have no idea upside or downside checking at 15 mins, we may have a better view when I check on 4 hr. But anyside breakout is fine, just go in with proper stops. BankNifty will look to fill the gap around 19000's but will it happen on this channel's breakout, is the Question before us ! When the breakout happens go with proper stops & trial it, bcos we are aiming at 400 points on 15 mins which is little big & it won't happen in a day or with straight fall down ( pullbacks will happen). Now, coming to upside scenario, just one thing if 19500's crossed and we get valid close, there is no stopping till 19800's another 400 points. It all depends on channel breakout only but take care of false breakouts. I will post that 4 hr view in comment section. One more thing guys, I won't be availabe at trading desk 2mrw ( not trading next 2 days), so I will be using via mobile only ( Thursday & Friday). Private Message's will be difficult to reply in mobile, But I will reply all your queries in comment section - as & when I'm on :)
NSE:BANKNIFTY
by InsiderB
3
Nifty : Can We Grab All of it ?! Isn't it Greed ?!Another Beautiful Morning, Another Analysis,Another Pattern but same idea which we are telling for ages - " Nifty Down Down ". As expected we got into the muddy area, its gonna be really sticky mess in the 50 points range on either side of 8500's. Only a swift move from Nifty can take us out of this zone. I'm not sure why, I don't get the feeling that we will get out of this zone fast, so sit on your hands & control your emotions if Nifty is ranging. On the analysis front, We have a beautiful ABCD pattern which is yet to complete around 8400's. Currently we are in C to D move, but Nifty has many support levels before falling to 8400's so bulls may try to run one more time, not more than 100 points. I'm expecting a gap up ( 30 points max ) into the zone we marked and move down, Don't expect 8400's in single day, it will happen but process will be slow. We can get a channel or triangle pattern in 15mins with downside breakout , its a possibility only so if someone missed short entries good time to re-enter based on their tradeplan with proper stops. What's more worrying is, there is no news event which can move the market in the name of fear or greed. Anyway we can grab all the points in C to D move if everything goes fine. Is it Greed to Grab All ?! Nope... We are just following our Plan & its reward.
NSE:NIFTYShort
by InsiderB
25
Educational 05: AB=CD Pattern In this Educational post, I will be sharing the most basic and simple harmonic pattern: AB=CD Pattern 1. Formation of the Pattern 2. What to look in the pattern 3. Targets 4. Stoploss 5. Risk This is a new series of Harmonic Patterns, where I shall be discussing about the below patterns: 1. AB=CD Pattern 2. Gartley Pattern 3. Cypher Pattern 4. Bat Pattern 5. Butterfly Pattern The best part of the above mentioned patterns that they can be used in all markets and at any time frame. It means you can use the patterns in stock markets, Forex, Commodities and at any time frame like hourly, daily, weekly etc. Therefore, they are important tools when analyzing the charts. Purpose: To provide information to traders community that can help individual trader to learn more and take inform decisions while trading in order to generate consistent positive results. Practice the above said chart pattern and share it below with us. Thanks, Best Regards, Neetesh Jain
by NeeteshJain
2
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