Using the concept of Elliot waves and NEO waves, considering the Fibonacci retracement and the trend channel, according to my analysis nifty will hit the levels around 10700, the last correction was nothing but a bear trap, i have already bought nifty calls for 10700CE while market was down. Disclaimer- This is just an analysis please take advise of your advisor...
The corrective Elliot waves as per my last analysis reached T2 handsomely. The bearish Marubozu should make Shorting a 'safe' bet. However, a gap opening may get us a doji instead as the stock is inside a strong S&R Range; and the stock sees high volume trading. A harmonic pull-back is also on the cards in the 174-175 range for an uptrend back to 200. I would...
Not much to say there but either way it will go big .
With great numbers published for Q1 deliveries and potential an online-only but still maintained battery day in April (20th) just before the Q1 earnings call, we could see the stock rise despite the global pandemic and impact on the market to close the 3 gaps up before going down again as Q2 numbers will be hugely impacted by the shutdown/lockdown. I dont think...
Overshot 0.618 fib plus hit the lowest of 2020. GF1 Nevada being classified "Essential" , GF2 NY reaching 1000 roofs production per week, Model Y deliveries starting, 1,000,000 vehicules which translate in over 105k production in Q1... a lot of good news in the past few days! As usual I don't know what I'm doing.
WILL LIKE TO GO LONG IN THYROCARE WITH SL AND R:R RATIO OF 1:3 AND 1:6
i DONT CARE IF I GO WRONG AS I DO WHAT i do , AND AM NOT ANSWERABLE TO ANYONE HERE, YOU WANT TO GO LONG, SHORT , YOUR MONEY YOUR CALL, ALREADY LONG IN NIFTY ON FRIDAY BOUGHT CALLS CARRYING UPTO WEDNESDAY , NOTHING TO WORRY !
UPL LONG based on S/R and Bullish Harami
-The index managed to sustain the gap-up which we saw and the result was we have a break-out of the flag pattern which i have already explained in the previous educational chart -Now looking at the indicators 1)RSI ITSELF HAS SHOWN BREAKOUT OUT OF THE FLAG PATTERN 2)MACD HAS SHOWN POSITIVE CROSS-OVER ...
It has been observed that the price action consolidating after reaching to new highs and now it is breaking above it indicating a further move up to new highs. T1- 1050 T2- 1080 SL- 1015
Double Top - Support Line - Gap Up area Which one do you want to Play???
Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction. Monday - Technical Glitch & 100 points Up Tuesday - Bit of range then closed near pullback...
RSI indicating overbought. Might come down to retest, thus giving us an opportunity to buy at a lower price. Keep watching. First target around 409, then 424, 437 etc. according to pattern it is 93 points higher which likely complete the rounding bottom pattern on a weekly chart of the stock. Keep close look for big gains.
I think we need 3-day weekends, Damn ! it feels so good n fresh & energetic after 3 Days :) In Nifty we are looking for extended scalping's only - A Gap up open with retest of 9630's zone and move down till 9570's. See this is route map of prediction how Nifty can move for the day & if the expected thing happens based on trade setup we need to take trade, we...
The above posted chart is a preview or quick snap shot of markets movements for past couple of days for retail traders to get some alignment with market and make inform decision by taking following factors in consideration 1. Showed GAP UP 2. Bearish Trending Channel GAP Down 3. Consolidation between 8745 -8690 Now, looking forward for a breakout from either...
It is been observed that the index is making lower lows and highs, indicating bearishness. It is also to note that the price action is going forward downside to fill up the gap that was created on hourly chart. That shall clear discrepancy and make buyers come back in the game again.
Hi Guys, Today we are gonna use simple support resistance for our analysis. When we use support/resistance its always two sided coin, Valid or Invalid (Sup/res) will be those two sides. Now we should consider this blue zone in Nifty (8620's) as resistance. What I expect for the day is Gap up of more than 20-30points bcos Global markets are good especially US...
Happy Monday Guys ! With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have...