Indianmarket
Nifty Recession Chart Bear Market Layout - Elliot WaveNifty Recession Chart Bear Market Layout - Elliot Wave
Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession.
Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to recover.
As per the chart info, Good time to enter the market is around 5000 - 6000 level.
Also i suggest to enter short or exit market around 9000-10000 level, only if you want trade bear market and don"t forget risk reward ratio.
SENSEX Recession Chart Bear Market Layout - Elliot WaveSENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000 level as shown in chart.
also 33000 level is also good to enter short or exit market.
Ambuja Cement Long Ambuja cement bouncing off from its monthly support.
Going for LONG for the purpose of investing.
I could be wrong, But something is fishyI could be wrong, but something tells me that this Uptick is not the Reversal that we are looking for.
Going Short with lesser lots. Will Sell on peaks.
NIFTY in correction touch down at 6800 Level
You can Short nifty with stoploss at 9097
with Target 8104-7503-6840
Bandhan Bank V Shape reversal possibleBandhan bank is showing potential of a V shape reversal pattern on Daily and 4Hourly chart. Can expect a retracement upto 200-210 level and the continuation from there towards upward direction.
Put of bajajfinsv 9400 was touched 615 from 125I hope you enjoyed this trade.
I bought 9400 put of Bajajfinsv @128 and exit 589
#PEL - Hovering above a Long Term TrendlineNot only the Trendline, Level of 1370 odd as marked can act as a crucial long term support.
View For NIFTY 1-3 MonthsStill trading inside an upward sloping channel, which indicates further downside.
Got the entry at the top of the channel, lets see how it behaves at the bottom. If we are to correct even further, an impulsive break from the lower channel is required.
Bearish stance on NIFTY begins!
Nifty May come to fill the gap
Nifty took support at 61.8% today and may come to 78.6% or go higher. Not seeing any massive movements soon.
There is a small gap below, It may come to fill the gap (12259-12287) very soon. Also harmonic pattern suggesting a downside movement must happen for it to blast up.
The big gap will have to wait for a crash in future to get fulfilled. I hope post budget. Let's see.
Buy near 12133 with stop loss near 12100.
NIFTY INTRADAY for 13 Jan.20Zones are mentioned on chart.
Newbie's takeaway:
India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am, there is something particularly wrong about your understanding of even the basics of the technicals of the markets. And I believe there's nothing wrong with that, just start with kindergarten again, read books, a lot of books! (not on technical indicators, but on technicals of markets, cycles or phases of markets, the psychology behind a spinning top or behind one day's gap up opening followed by next day's gap down opening).
Long story short , You and I are rivals (that's how it is practically, right?). So, if you dont understand the game we are playing, how can you even think of a way or a method to beat me at it??
my "ONEPIECE is real!!" wala speech :p
Swing Trading : Asian PaintIn Asian Paint
After the triangle pattern breakout, a big rally coming for short term. It can be used for swing trading or positional trading.
NIFTY INTRADAY for 26 Dec,19*MERRY CHRISTMAS To All Traders*
Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame. Dont be a Bull. Dont be a Bear. Just be a Hare.
PNB PNB 15 min chart but uptrend in 4-hour timeframe waiting for a clear retest around at 65/- but I can see that the stock has extended long towards downtrend and I am seeing some bullish pressure
Will be a clear buying opportunity above 66/-
Waiting for a clear confirmation in a lower timeframe.
BPCL looking to shortBPCL formed bearish pinbar on weekly timeframe last week , yesterday it broke resistance and took retest to move down
my target in BPCL is 466/- next support
