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PRICE ACTION ANALYSIS IN NIFTYDATE:03/10/2022 In a daily time frame price has formed a inside candle. If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels) So until it crosses that low its better not to carry any short positions in nifty. Observe the price action structure here 1)There is a recent lower high formation (17050 levels) 2)There is a recent Low (16750 levels) For the market to turn bullish it has to break 17050 level and form a higher high. This will be thr first sign Then find the golden zone with the help of Fibonacci tool and wait for entry (This will be safe with small SL). or One can go long by observing PA in the first 15-30 mins with confirmation of bullish candles. plan the SL accordingly *** If Price breaks 16750 better to exit all long positions. I hope this analysis will help you. If you agree with my analysis you can comment on this post by yes or give a boost Thank you. And happy trading. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTYLong
by Mo-Kri
1
MONTHLY STRADDLE IN NIFTY FOR OCTOBER Hi there, Nifty Closing today 29/09/2022 : 16818 spot Since last 3 weeks if we observe Nifty movement there is lot of selling pressure. From the recent high of 18096 levels Nifty has declined almost 7.5%. In the chart if you observe I have drawn a primary wave .It looks like we are in the wave 2 of that Elliott wave. wave 2 will be mostly 3-3-3 or 5-3-5 corrective wave. In this WXY corrective wave W is 0.318 Fib retracement of wave 1.So there is higher probability that we will find some support in this area. X point is 0.618 Fib retracement of wave W Considering the recent aggressive selling those who missed the bus will short the market again or take fresh positions when the retracement wave happens. SO WHY MONTHLY STRADDLE? There will be 4 weekly candles in the October series. So even this weeks candle engulfs the latest red candle by oct 6 expiry or after that expiry market will be facing resistance at X area. If people start shorting the market fresh then high chance that market will go to Y area to complete the correction wave . In this process mostly after 3 weeks we can see the market in these levels again with most of the price decay. What if Nifty breaks W area this week without taking support there ? Then the retracement is inevitable in coming weeks and 2 or 3rd week again nifty will be in the anticipated area. Straddle breakeven should be above X and near Y 16750 STRADDLE will do the work. By calculating the percentage return one can safely exit the straddle there. Nifty monthly straddle has almost 30% ROI. Even 10% in 15 days is a better deal. Avoid If you don't know about straddle management I hope this analysis will help you. If you agree with my analysis you can comment on this post by yes or give a boost Thank you. And happy trading. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTY
by Mo-Kri
1
Last opportunity for Nifty reversalNifty is in the Golden Fib zone. If any expiry day reversal this will be good time Conditions : Nifty should form a low here in and around golden zone It should give closing above 16945. After that If it give a pull back then we can enter with day low as SL No trade if the conditions not met. If all conditions are met Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. I will be updating
NSE:NIFTYLong
by Mo-Kri
Buying Opportunity in BNF All the rules and conditions explained in previous Nifty idea. Same logic applies here also. If today's low is defended this will be a jackpot trade All the details are mentioned below Entry:38015 Don't have a feeling of FOMO. No need to compromise. We can always find entry points. SL :37820 Lets see If we can secure this trade. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. I will be updating
NSE:BANKNIFTYLong
by Mo-Kri
Profit booking rally in Nifty Since the last 1D green candle close our market is down by almost 4.5% Those who shorted the market heavily will start booking profits if the market start going up. Because of this reason I'm expecting a positive day and close today. Even the recent idea Elliott waves suggesting a retracement. All the details are mentioned below Entry:16930-16950 Depending on your risk per lot. Don't have a feeling of FOMO. No need to compromise. We can always find entry points. SL :16880 Lets see If we can secure this trade. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. I will be updating
NSE:NIFTYLong
by Mo-Kri
INTRADAY buying opportunity in NIFTY I have attached my actual idea link here Going by that setup we can plan for intraday buying opportunity Entry:17040 SL :16970 Its a little bit big SL per lot If i have to say roughly 35 rs per lot for ATM call option. Lets see If we can secure this trade. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
NSE:NIFTYLong
by Mo-Kri
1
My Nifty Overview //Nifty Trend Analysis //ELLIOTT WAVE ANALYSISLook at the bigger picture. It might be a 5-3-5 corrective pattern(ABC) or 3-3-3 corrective pattern (WXY). If Nifty crosses 17135 recent swing high then it will be a buying opportunity in intraday basis. Targets of 17330 If Nifty crosses 16997 recent swing low then it will be a selling opportunity in intraday basis. Targets of 16800 Please do not take a trade just after the breakout wait for the price to reach its demand zone (for upside) to go long & wait for the price to reach its supply zone (for downside) to go short. This will ensure stop loss will be less and reward will be more.
NSE:NIFTY
by Mo-Kri
Bank Nifty (Neowave Forecast)NSE:BANKNIFTY Hi Everyone This is an chart of Bank Nifty where we are in a bullish trend which has been extended. Currently we are in L series in which we have completed 5 wave structure in M series, but rally has been extended and we are again in M series. Completed wave M1 and we are in correction of wave M 2. We likely to go up as long as we are above invalidation Level. Coming soon features. 1) An Neowave Library 2) Video Updates 3) Education series Thank You. If you are an our new subscribers, you wondering what is L and M. Kindly see the below chart and click on it to view it in details.
NSE:BANKNIFTYLong
by Neowave-forecast
3
What we see by analyzing the pharma index with 2 theories.Hey.. What do we get if we analyse one chart with two different theories ? Is it a good idea ? We use different techniques and methods to analyse a chart. Some traders use chart patterns, some use moving averages and others use any other technique. We all did the analysis to determine the trend of that instrument. What if we use two different theories for the analysis ? It will give us a more accurate view for that instrument. Lets check the analysis Nifty Pharma Index Daily Chart by 2 different theories of Chart Patterns and Exponential Moving Averages. Chart Pattern A symmetrical triangle pattern appears on the chart. And today we see the Breakdown of the pattern. The breakdown of the pattern shows the weakness of the index. Exponential Moving Averages For this we use four exponential moving averages of 20, 50, 100 and 200 periods. We start from the 20th of Jun 2022 when the price is below the all exponential moving averages. From that day the price started its upward move and it crosses all ema's one by one and finally it reached at 200ema on 5th of Aug 2022. During the period of 3 months the all 4 ema's come close to each other. But the price has failed to cross the 200 ema and it starts its downward move. From 22nd of Aug 2022 the price tested its 20 ema and 50 ema but has failed to hold them. Finally on the 16th of Sep 2022 the price closed with a big red candle. The price traded below to all 4 ema's shows the weakness and start of a downtrend. Conclusion: From both theories we see the weakness in the pharma index. So, the stocks of the sector show the bearish move in the coming days. This explanation is for educational purposes. My only intention is to share my style and techniques of analysis. Thanks
NSE:CNXPHARMAShort
by ssvirdi
2
BANKNIFTY analysisBUY SIDE As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500. Thus we can go for long in Bank Nifty upto next high level or for a double top pattern..... SELL SIDE As BANK NIFTY rejects from its previous high and continously going toward its supports thus support level of 40500 once breaks can lead to long short position. A small short position can be made once that small trendline breaks thats its following to move upward upto the level of 40500 max and can follow above move. NEUTRAL Bank nifty can stay in the range of 500 points from 40500 to 41000.... also we can see some resistance building above 41000 to 41100 which is rejection level. Once nifty crosses that level then we can see a full-bullishness in the index.
NSE:BANKNIFTY
by SUTHARTRADE
2