Price went all time high & came down a bit, if you are planning to buy tomorrow when the market opens at this price, you need to ask yourself this question:- 'Who is buying this stock at this high price?'
There are two zones to buy, look for price action there. The price could even break the high & form a new structure.
NIFTY trade setup.
1.if the market opens flat - then i will be on the positive side and look for a buying opportunity.
2. Gap Up - if the market opens Gap up i will be marked 15-minute swing low and look for buy.
3. gap down:- if the market gap down then i will mark 30 min high of the market and from there we will sell ce option.
gerally after a huge gap up or...
Off the rising Channel (pink )
Though inside the Wedge (rising or falling,...cant makeout)
For the last one month (since July 22) its consolidating.
RSI is at 50.
To mit seems like a Flag & Pennant and the rise would come in the Q4.
The stock was bouncing in a converging pattern for about a month and now it is on a sell potential area. It would be a great sell idea after the break of that small up trending pattern.😎 This is only advice, please don't trade based on this. profitary.in
As we can see in the chart Nifty's recovery from the bottom was range-bound and before every up move, it consolidates and will shoot up. As of today's End of the day chart marked inside a rectangular box, Nifty consolidated for the last 4 sessions and ended up at day high. Nifty has strong support at 10740-750 region below that very strong support at 10690.
As we can see in the chart Bharti Airtel has been in the consolidation range insides the wedge for a long time now, one should wait for the break out above or below the wedge pattern, most probably break out can be expected above. For any break out above ₹560 should be strict STOPLOSS.
First, the target will be around ₹600-₹605 regions.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
WAVE 1-2-3-4-5 has been completed as marked in a chart, further correction unfolding in flat corrective pattern with wave a & b completed and wave c down movement is expected to happen in minor 1-2-3-4-5 wave correction.
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Trade Setup :
-infratel is trading in a rising channel
-fake / minor breakout happened twice before
- wait for the breakout to happen.
Intraday : Buy
Best Buy After the Breakout .
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