Last trade did not achieve the target neither hit SL and I had to manually close the trade after carrying it for 2 expiries. Nifty is now close to the last target and a bearish trade will have a better risk reward ratio. Hence, I will go short with strict SL as per trade plan on chart. Thank you!
"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
BankNifty bearish Shark, stop loss marked in red, short entry marked in black, targets marked in green
Nifty Bearish Shark Pattern, stop loss marked in red, short entry in black, targets in green
Bearish Shark Pattern, stop loss marked in red, entry in black, targets in green.
BANKNIFTY Intraday Trade Setup For 05 May 2023 Buy-Above 43740 Sl-43635 T- 43953 44165 Buy_2- From 43415 Sl-43310 T- 43570 43730+ BANKNIFTY has closed on a bullish note with 0.86% gain. Today buy triggered above 43355 and hit both the targets very smoothly. It gave more than 380 points gain, almost 1:4 RR. On 23 Apr we planned our long above 42385. After it was...
After about 75% from highs, there are signs of strength. Flag pattern on daily. Can play for targets 476-488-500-525-548-577-600 Stop loss can be breakdown of Flag or big bearish closing below 420 (for short term traders) and below 400 (for swing traders)
After a 200 EMA cross, it again tested 200 EMA and has bounced back forming a Cup and Handle on charts. Above 454 closing, expect targets of 487-511-532-572-650. SL would be a closing below 390 on daily charts. Always use trailing SL in your profitable trades. *This is just a view, trade at your own risk.
1. rising wedge 2.trendline breakdown 3. expected to form abcd harmonic pattern 4.trail sl for good results
at very crucial level , near to bo level. keep an eye for 44200.
NOW BTC WILL GO FOR ANOTHER CORRECTION TILL 28200 LEVEL THEN I GAIN WE GO FOR LONGS. #Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto
Go through the analysis carefully, and do trade accordingly, -POSSIBILITY-1 If price breaks 1970-1965 area (i.e. Support area ) and stay below 1965 area, we will place Sell order in gold with target of 1950,1935,1920 & stop loss should be placed at 1978. -POSSIBILITY-2 If price breaks 2000-2004 area (i.e. resistance area ) and stay above 2014 area, we will place...
Above 85.65 as a monthly close leads the way towards a fresh swift rise to 160 / 167
"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we...
"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we...
"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we...