Nifty - Selling at the Channel Top-9850 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
Bullish Butterfly Pattern Valid & Active - Once 9200 crosses & holds as support
Target 1 - 9400
Target 2 - Above 9400 for 9500
Target 3 - Above 9500 for 9600
Plan B
Reaching in the zone 9600- 9750 - Traders should be careful of Resistance zone formed for Island Reversal Pattern -The most important zone
Resistance in 9600- 9750 - Stops in that zone -preferably sell below 9600 or close to 9700 or 9750 levels (Note- No selling above 9700 & No selling above 9750)
Downside Targets
Target 1 - 9400
Target 2 - 9200
Target 3- Sell Only below 9125-9150 only for 8900 /8700
------------------------------------------------------------------------------------------------------------------------
Previous Ideas Video Link
------------------------------------------------------------------------------------------------------------------------
Wonder Waves Part 1 - Nifty - Wonder Waves -Picking The Bottoms at 7700
Wonder Waves Part 2 - Nifty -Wonder Waves Part 2-Can Patterns Repeat from Bottoms 8055
Wonder Waves Part 3 - Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)
-----------------------------------------------------------------------------------------------------------------------------
Thanks for watching this video & your precious time - Have wonderful week ahead
Deep Crab
Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)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 -
Buy once crosses & strictly holds above 9150 for 9350-9400 target zone
Plan B -
Buy once crosses & strictly holds above 9400 for 9600 - 9700 target zone
Plan C -
Sell If Strictly holds below 9700 for 9400 / Below 9350 for 9150 / Below 9125 for 8700 / Below 8675 for 8400 / Below 8350 for 8250 / Below 8250 for 8000-8050
Plan D -
Consider Selling -If Holds below 8050 - Target 7500-7550 & Below 7500 for 6900
-----------------------------------------------------------------------------------------------------------------------------
Snapshot - 26th April 2020