In continuation of our previous views - the demand zone has been broken and retested today via the gap up and upmove (that was hrly TF). On the lower TF (30 mins) a bear flag seems to have formed. Any move below 8730 and sustaining for at least one/two candles can be bad for Nifty. Very bad infact. Longs keep your stops strict, shorts abv 8760. Again, its very...
* Bearish Flag * Triangle breakdown
one can start adding long with sl support are 8750-8700-8540 must close above 8770 for upmove
How can we set the target if Flag Patter is building? More Details on Flag would be appreciated from the Experts and Seniors. Thanks.
Hello Good Morning Friends ! Cheer Up... Yes, we do have some trade opportunities in Nifty today. Remember yesterdays Bull flag on 5mins, it appears as rectangular pattern on 15 mins, so if a Gap Up or Nifty open in zone with rectangular breakout to upside will give us real good chance of grabbing 20 points in Nifty till the resistance zone 8840's. Actually, if...
If any of you thinks that your money gets multiplied in Savings Account / Fixed Deposits with SBI, its Myth. But there is another way to make money with Banks... Obviously, thats what we do... Trading ! Simple Elliot wave with examples of how to trade elliot's effectively, thats what we are going to look at. Past Setups : Flag in Wave 1 - Gap Up open we lost the...
Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty to decide the direction, we have Bearish...
I feelchart is self explanatory, if you need any explanation feel free to leave a comment.. Note : Browser crashed when I tried to publish ,so I'm not sure whether its repeat post or not, thats why posting again ! Happy Trading !
Bullish flag breakout thats what we have in BankIndia (Bank of India). When we look at the chart it looks like early breakout and easily it cud have moved within flag zone for few more days. Just above the flag prev resistance zone 113's-120's but breakout patterns carry huge momentum with them but Nifty doesn't make newer highs which makes us think whats gonna...
Simple patterns are the ones which I like to trade the most, bcos they give you clear idea of what to instead of complex things. Here we have bullish flag in LT, so I expect the usual upside breakout but will take downside trade also if breakout happens otherside. We are in bearish trend also, R3 will attend his last policy meeting today, only banks will be...
Pattern within a pattern - yes it is ! So Biocon will be very good trade opportunity on Monday for both intraday and positional traders. Probably, positional traders have to wait for sometime as there is bit of distance between trendline and current price of Biocon. Its breakout patterns everywhere around the market, so choose and trade wisely.Lets expect next...