Index opening weak tomorrow can finish the downside target of 27750-28000 as suggested to sell below 30700 / close to 31000 in last idea --------------------------------- BankNifty Last Idea --------------------------------- --------------------------------------------------------------------------------------------------------- Reliance Getting The Crack...
Buy with SL of wave -1 that is 13597 for the target of 13700/13750/13800/13850
Video Update- Reliance Expected Move & Bank Nifty Quick Recap
analysis mentioned on the chart. Go short at cmp , keeping sl of wave 1 that is 1.08135 target 1.07400/1.07050
analysis mentioned on the chart
Trading plan: Sell on rise near the level of 468-470 keeping the stop loss above 495 for the target of 415/380/350
Trading plan : Go long above 630 keeping SL of 620 Tgt 1 : 650 Tgt 2: 670-75
analysis mentioned on the chart.
Trading strategy : Key level is 210 1. Go long above 210 keeping a mino Stop loss of 203 , for the target area of 240 & later 280. 2. Go short below 210 if it starts rejecting from the zone of 210-220 for the target of 190/175. 3. If it starts taking support near the zone of 175-180 again go long with that recent low as SL & ride till 210 & above 210 follow plan 1.
Trading Strategies Buy Only If Bank Nifty Holds Above 30200 for 30750/31000 Target Sell Only If Bank Nifty Slips below 30200 - Downside Target is 27750-28000 Trigger Point - 30200
Banknifty is forming an ending diagonal for its third wave on lower degree. Possible targets are 30750-30800 range. Keepin SL of 29190.
Sell Setup not activated & was clearly suggested to sell only below 1895 Trigger Point - 1950 ( Once Stock Falls- Manage Your Risk Accordingly) - not valid above 1950 Target Downside - 1895 / 1835 / 1750 -------------------------- Last Idea ------------------------- Reliance -5th Wave May Start Soon Below 1895
After giving a five waves down , the stock has made a 3 wave upmove in a parallel channel whose breakout was seen in the friday's session. One should make a short position keeping a stop loss a bit higher of just recent high that is 2500 level and wait for the target below the recent low which is 2077.
Last Price - 1947 / 17:13 Hrs / 5th Dec2020 Traders Sell Only below 1895 for Target- 1835 /1750 *Not falling below 1895 will suggest Wave-4 is still on going & will take few more sessions to complete -------------------------------------------------------------- Last Selling Done at the Tops of 2095...
Wave (5) started from 10790 is looks like a three wave move as of now. wave (c or iii) started from 11535 achieved 100% and 123% while 161% is coming at 13534. 12868-12613 is immediate support range and nifty is positive as long as trading above 12613. Nifty turns negative only if trades below 12613.