Harmonic Patterns
Nifty - D-Street or Damaged Street-520 Points Fall-Elliott WavesTrading Strategy
Safe Traders
Buy above 11585 for Targets
11625/Above 11650 for 11775-11800 / Above 11800 for 11980-12000 / Above 12000 for 12100-12200
Risky Traders
Look to buy in 11480-11510 zone with strict stops below 11460 for above mentioned targets as suggested for safe traders.
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Last Video Idea
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Budget 2019 Idea - H & S Pattern Failure at 11625
Nifty - Budget 2019 -H & S-Pattern Failure at 11625
What is a trendline
A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend.
Trendline Rule
The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity.
Trendline can be a neckline / support line as explained in the Head & Shoulder pattern in current scenario.
Trading Strategy
Plan A
Sell below 11930 with strict stops above 11975 for targets
11875-11890
Below 11875 – 11830-11845
Plan B
Buy in the zone 11830-11845 with strict stops below 11800 for targets
11950-11975
Above 11975 – 12000-12050
Above 12050 – 12100-12125
Plan C
Sell below 11775 with strict stops above 11815 for targets
11700-11625/11650
Below 11625 – 11500/11525
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Previous Ideas
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29th April 2019 - How will you sell - X-wave mission
15th May 2019 - We got Gartley M
11th June 2019 - Head & Shoulder with Right Shoulder at 12000
Nifty OutlookHello,
For tomorrow 11800 to 11820 level is very important. If Nifty will sustain above 11820 then it may test 11900 and if it will able to sustain above 11900 then because of short covering it may test 11940-11950
No trade zone will be 11780 to 11820.
Sustain below 11780 it may test 11750-11700.
Thank x :)