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Double Top

Nifty -Waves -Magic of 10800- Is This Ending Diagonal/Wedge?Trading Strategy Magical level 10800 was the level identified on 23rd Jan 2019 as per status update - took a risky call in between 10840 - 10850 with strict stoploss -10865 Remember - If you are trading -you will lose -no doubt but If you are trading & don't know what you are trading - you will lose all! Plan A Wait for some correction if index opens with gap up & initiate or execute your buy somewhere between 10865 -10880 - Stop loss is 10800 ( Stoploss is big- If not comfortable- do not trade) PlanB Sell only below 10800 or Sell in the resistance zone 11025 - 11050 - Coming with stop loss is tough at the moment Thanks for watching the video and your precious time.
NSE:NIFTYLong
by WaveTalks
6
Nifty - 200!-White Walkers PatienceNifty & Cheteshwar Pujara -The White Walkers - We should learn the art of patience from Mr. Pujara. Thank You, Sir, for giving us such a wonderful performance. 14:05 Hrs 17th Jan 2019 Last Price@10862 Target achieved Target 1@10865 done as per the last update- selling from 10905-10915 - day top zone In progress Target 2@10825 - in between there is minor support zone 10840-10850 - currently holding. Nifty Picture at 12:46 Hrs IST -17th Jan 2019 Trading at 10898 Last Video Idea - Network/Waves/Intuition Part 2 We achieved 200 points from 10710 to 10910 from the last update. Hope you enjoyed the trade.
NSE:NIFTYShort
by WaveTalks
7
WHAT HAPPENED WITH MARUTI? 10000 to 6800 Journey!Maruti reached its 52W high at 10,000 and has been faaling continuously since then. The way Maruti % fell shocked alot of people, However it was not all that difficult to determine the fall and I will share, how I proceeded and made money in Maruti 5.71% . On 25 July, Maruti reached its prior top weeks high zone of 9900-10000 again. It was a good resistance and If it is broken with Good volumes, Maruti can go upto 12K-13K, The next day Maruti reversed from the resistance zone and created a Double Top (as shown in the chart), also the Day Candle formed a Bearish Engulfing Pattern which indicates the start of the downfall. Double Top Pattern is a fairly successful pattern and Share is expected to reach the neckline at 8200-8300 zones before changing its direction. Maruti immediately the next day formed a large 500 points Bearish Candle which gave me good profits, And I continued waiting for my Initial target of 8200 (Neckline). In the meanwhile share gave a lot of green candles, But I since I was already in profits, I had margin of bear some green Candles. Each time Maruti showed a couple of green candle, a Big Red candle wiped out gains forming Bearish Engulfing Pattern repetitively, which posted my confidence. Share reached up to 9000 after that Rose 250 points. I though of squaring off position but the prior experience showed that there has not been 3 consecutive green candles in the past 9 months, So I decided to wait for the next day. Maruti reversed and showed red candles for the next 3 days and formed a 3 Blacks Crows pattern, which is sign of huge fall coming. Near 14 September One Gap Up for formed, but the next day there was a Gap Down thereby forming a Evening Star Pattern. On 19 September, Share finally reached my initial target of 8200 after I squared off and decided to play a LONG STRANGLE, to up my possibilities of winning. I took a Put and a Call at 3% Difference. Soon The share broke the neckline and started to go more downwards, I squared up my call and waited for gains in Put. Every person has different way of Analyzing. But the idea is to hold onto your faith and continue with your strategy. Even the basic Candlestick patterns have the ability to reap you awesome results. Thanks, i hope this is Helpful. Keep sharing the list of shares you want an analysis on. Thanks :)
NSE:MARUTIEducation
by prathamaggarwal
14