JUBILANT FOOD: Is BULL Run OVER ?JUBILANT FOOD: Is BULL Run OVER ?
Bearish CRAB completed.
Can we see Bearish DEEP CRAB?
Or, Retracement.
Supply Zone: @ 1178.50 to @ 1209
LTP: @ 1160 (Spot)
Go SHORT: @ Mentioned Supply Zone.
For Aggressive Trader Here (in FnO segment Here with HEDGE as Calculative Risk)
Some Intraday / Swing Targets: @ 1148, @ 1140 - @ 1130.7 (BZ #1) , @ 1117-
REST TARGET are plotted on Chart.
For FnO traders:
STRATEGY: SHORT FUTURE Along with Nearer OTM CALL Option.
Calculative Risk Strategy.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
REFErRAL POST: Given LONG View @ 917.
Crab
Nifty : Summer Survivor Series !It's Summer and our animals are looking out how to survive. Clearly Bears are on the losing side with global markets and Indian economy boosting all up, Now its not the time for bubble burst.
Looks like another Bull day.... But Crabs to can ?! Lets watch Nifty... 9300's for sure I believe
Keep Supporting :)
Bullish Harmonic Crab on USDINR daily chart - 64.47Hi,
We have a potential Long opportunity's at the D leg completion of Harmonic CRAB.
The price reversal zone on this pair is between 64.98 (2.618BC) & 63.6(3.618BC) - Most important level to watch the price action at 64.47 (1.618XA).
The PRZ is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Crab setup placed at the .382% and .618% retracement of the C to D move.
Target 1 : 66 & Target 2: 67.
Stop would be placed below 2.0 extension of XA (63.4).
Note : Crab Usually posses highly volatile price action in the Potential Reversal Zone.
Trade with Care
Gulz
S.C Ban Order & Bullsih Crab on Ashok Leyland, So Whats Next ? Hi,
Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.
It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).
It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.
On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9
Stop loss would be 2 XA = 78.8
Trade with Care
Gulz
BEARISH CRAB PATTERN ON EXIDE INDUSTRIES EXIDE INDUSTRIES Daily chart, we have a potential Short opportunity's at the D leg completion of bearish CRAB setup.
The price reversal zone on this pair is between 226 & 233.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Crab setup placed at the .382% and .618% retracement of the A to D move.
Target 1 : 208 & Target 2: 193
Stop would be placed levels are behind the next structure level after the D point (234+) or the 2.0 extension of XA (247).
Trade with Care
Shriram Transport Fin - Bulls Eye* Bullish Deep Crab (Black)
* At Pitchfork support
* Support at 3/1 Gann Fan
* RSI bouncing from OS level
Nifty :Crab to Grab, Gartley to catch, Elliot to Watch ! The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay !
All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's prepare our Arms n Guns and prepare Battlefield Strategies...!
Strategy 1 : If Nifty remains within 8700-8750's, Don't attack directly with full-force. Hide n Strike like Gartley pattern which is hidden inside Crab,by scalping 10 or 15 points. Or if you use different strategy to trade, only do scalping within the above mentioned range.
Strategy 2 : Bearish Crab - So for this to happen either Gap Up open in our resistance zone ( lesser chances I believe ) or Move up to Crab's end. This is also the completion of Elliott's Wave-3. So reversal means start of Wave-4 & Short trade by Crab.
Now we will have doubt, why not get long on Wave-3 & ride till resistance zone, Well, there is no assurance Wave-3 will move as predicted, moreover we are on 15mins so Nifty may take any direction. We will be lucky if Gartley works fine on Shorting and we ride down breaking 8700's by trailing stops. Remember this is lucky scenario in Nifty and Nifty always makes us do hardwork, not easy winners. If Gartley fails our stops will be above 8747's, so we don't lose more than 8 points, a risk worth taking for Me. So please check your plan before proceeding.
Just happened, pre-market @ 8743, will love it if market don't spike up n moves all the way down. Get Ready...!
Happy Trading !
Nifty : Let's Ride the waves...Happy Monday Friends !
Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience.
Let's check our surfboards right away & get it ready to surf along Nifty waves...
Next resistance level for Nifty around 8800's to 8850's,lets keep a note of this zone will be used later in analysis.
The above chart has two types of Elliott wave counts (nothing complex, simple wave counting only). Wave Type-1 starts @ 8520's & Wave type-2 @ 8540's. In both wavecounts Nifty has completed Wave-2 and now moving along Wave-3 where it's kinda consolidating forming symmetrical triangle pattern. Now we need to look for wave 3 end, check the fib extension levels on Wave-1 for both type-1 & type-2, Fib extensions 1.618 of Wave-1(Type-1) & Fib extensions 2.0 & 2.24 of Wave-1(Type-2) ends up in our marked zone 8800-8850,so Wave-3 will end in this zone.
Wave-3 is biggest wave, so what if we get a chance to ride the wave ? Yes, we do have a chance with the symmetrical triangle which we have noticed earlier.Considering that an upper breakout happens in Nifty, we will ride the bulls up to our zone 8800. Now,please take a look at chart again what do we see ? Bearish Crab...coinciding with wave-4, lets remove our Bull shirts and dress up as Bear's till next support in Nifty which is 8700.Then back again to wave-5 upwards to 8900's. So here we are planning for all blooming rosy scenario of 500pts in Nifty.
If someother priceaction happens in Nifty other than our all rosy scenario, re-analyse the charts and enter based on confirmation from your tradeplan. Never enter on hope that as we did analysis,Nifty will follow our path.Everything goes well, we will pocket 500pts in next 20 trading days,probably around Sep 20's.With RBI Governor's appointment announced,if market takes it as positive we will get breakout from this triangle.
The crux is to enter Wave-3 of Triangle breakout, Wave-4 on Bearish Crab and Wave-5 on simple pullback system.There is another post I did on BankNifty based on Elliott's in-line with this Nifty analysis,check it out. I hope this post is really informative on how to do an analysis n confirm your entry points.
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Happy Trading !!!