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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
NSE:NIFTYLong
by WaveTalks
171
Tata Motors - Punctured@438- Selling at top for 41024th Oct2017 Last Traded Price@416 Congrats! If you were part of this sell trade right from the top@438. H&S pattern as suggested with incomplete right shoulder was fantastic to start as it completed exactly at 434 which was expected level to sell for 423-410 target levels. Although H&S pattern was slow to react & touched 425-426 target zone in 1st attempt from 434 highs & bounced hard beyond right shoulder@434 but look - where it turned down in 2nd attempt- Just below 438. Yes, it turned down from 437.30 level to be precise. Previous Update@17th Oct2017 - Incomplete H & S pattern@438 for 423-410 Lessons the trade taught us Book partial profits or trail with profit stop loss method so that you can squeeze the maximum as a trader. H&S pattern with 2 key levels 434 & later 438 was to be taken out for bulls to take control of the motors instead it gave partial target in 1st attempt -shy of 423 at 425-426 zone & In 2nd attempt -holding 438 highs upside turned from 437 to 416 in current day session. As markets evolve H&S pattern tuned into double top at 438- 437 zone later -keeping in mind 438 which was critical level on upside. What is next? The most exciting part is what next as we all look for better trading opportunities. The fall from 438 highs was impulsive in nature so, next part should be traded with caution unless it stays/holds above 419.50 mark. We have a bullish deep crab with PRZ zone 416-412 where likely TM should rest next or get the support. When to execute? Strategy 1 - Moving above 419.50 - we shall look for 1st target zone of 423-425 & above 427 for 2nd target zone 432-434. Assuming that it moves above 419.50 & does not hold above 419.50 later - take care of trades as a matter of caution. Strategy 2 - Look for 410-413 Zone as resting pad or strong support zone -if holds & starts moving upside then look to be part of bull side for same set of targets as mentioned above in strategy 1.
NSE:TATAMOTORSLong
by WaveTalks
6
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 !
NSE:NIFTY
by InsiderB
10