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Correctivestructure

OPENING BELL:NIFTY TRADE PLAN 1: FIRST HR OF THE DAY: 30 MAR 20NIFTY Trade plan 1 Short for the very Ist hour of the day(ie 30 Mar 20) Possibly Head & Shoulder Trade Plan Resistance stands tall around – 8926-9021 Going Short would be a good idea We can expect a lower levels as mentioned on chart as Targets. Be quick in booking profits as we may reverse and continue north from the Targets. Above mentioned targets may form a base for upward journey of Nifty towards 9401 in coming days. Be Proactive Trader, rather Reactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field FOLLOW UP TRADES
NSE:NIFTYShort
by DhirajSinghBais
28
Auropharma - Pharma Traps at 800 Disclaimer ----------------------------- 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 evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------------------ Trading Strategy Plan A Sell below 440 for targets 400 /350 /300 Plan B Buy Above 455 "If holds above 450 as a condition" for upside targets 475-480 & Above 480 for 500-510 & Above 520 for 530/540/550 Plan C If Plan B activates & stock reaches 500-510 zone where it finds resistance or upside hurdle -traders can sell once it starts moving back below 500 as condition. No selling if crosses above 500 & holds the level as support later. --------------------------------------------------------------------------------------------------------------------------------------- Last Video Idea - Click to see the video Elliottwaves - Will it repeat the fall of 2016 -------------------------------------------------------------------------------------------------------------------------------------- Thanks for watching the video & your support. Good Night!
NSE:AUROPHARMA
by WaveTalks
41
SBIN : Corrective Ascending Triangle Pattern...SBI in 15min charts is ranging for few days same as its big brothers Nifty and BankNifty. Atleast SBI was kind enough to show us the triangle pattern and gives us setup for Breakout. Now, if you throw a stone in Markets, it will be forming breakout patterns only, except few. That much ranging going on. All just for Fed meet on Sep 20-21, as usual this meet will also go with just hype on hike of Interest Rate. Now how to trade : Strategy (i) : Inner Trendline Upper Breakout - If this happens, our stops will be very little, the risk is lesser and we gain more when SBI reaches to top of outer trendline. At outer trendline 2 scenario's possible. (a) Retraces back as per the Elliott corrective wave and breakdown (b) If Nifty gets bullish, SBI will go straight up till 263's to fill the Gap, in that case trailing of our stops will help to gain max points. Those follow Me for sometime will know that Logic - " Gaps will be Filled, every single tick move will be filled by price action " Strategy (ii) : Outer Trendline Breakout - If it breaksdown straight from here..cool, as simple as ascending triangle breakout (a) The wait & watch approach traders can wait for top trendline of triangle in SBI to break instead of entering on inner channel. Even if you want to get little fancy, count elliot waves, we are at start of Wave 3, if all goes well as mentioned above.If downside breakout happens Wave 2 area mentioned above will become completion of Wave 1. Just alter counts. If confused, " Don't Count, Simple...Its not needed " So why do I have Elliott corrective structure ?? Guys, its same as moving averages setup, sometimes works sometimes gives false breakout and reverses to another direction. If you are ardent follower of Elliott trade only downside Breakout as per theory. Non-Elliott's don't worry, We can hit goal on anyside of breakout ( thats an advantage we have) but SBI should not give false breakouts, even if that happens be quick to react and enter other side breakout in SBI, that will cover losses. Your wish to trade any setup mentioned above...Happy Trading ! Note : Today I will post Nifty charts after market makes a move, its still ranging, so My views didn't change much from yesterdays post !
NSE:SBIN
by InsiderB
12