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Nifty Short Term View.Things to Remember: -->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash". -->No one was correct/is correct or will be correct all the time. -->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance. -->With the same data / charts available there will be another analyst, he/she will be having other opinions. -->So Trading is quite difficult. -->So my plan here is to give my point of view and it will change with time accordingly. -->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand Nifty Short Term View: -->What if 15200 is start of an impulse wave?: -->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames). -->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1 . -->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart. -->Now W wave has 3 sub waves and structure is completed. --> X wave is sort of forming a horizontal triangle -->Price touching "d" and retracing back to 17300 level will complete this triangle pattern. -->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart -->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1. -->What if Nifty gives closing above 17430 - 450 levels ? --> Better to cover all shorts and I will looks into my charts all over again! -->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
NSE:NIFTYShort
by Mo-Kri
NIFTY PRE MARKET ANALYSIS 14/10/2022 E2Good Morning Everyone, -->If we observe price action yesterday, in the second half Nifty started showing bullishness. Price has failed to break previous low and started going up till dynamic trend line. -->So everything together formed big double bottom. -->After seeing SGX Nifty yesterday at 16800 I thought today will be completely different day. But SGX Nifty turned around and went all the up to 17280 -17300 levels. -->After breaking the trendline now price will try to shift the zone first. --> Will the gap up sustain? -->If we measure the distance from yesterdays closing and to todays opening (say 17280 -17300) It will be more than 1% increase. -->Things to keep in mind today. --> 5 Min breakout or 15 min Breakout should work today. If price breaks 5 min candle or 15 min narrow range breakout we can enter the trade in the price direction. --.If the price comes down after opening to neck line then look for buying opportunities. If price start going up Resistance 1-17350 Resistance 2-17425 If Price start coming down Support 1-17140 - 17170 Support 2-17070 -->When the market is live observe the price action whether it is creating higher highs and higher lows or lower highs and lower lows . You will get all the answers. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
NSE:NIFTY
by Mo-Kri
Nifty Expiry Day Pre Market Episode 1Good Morning Everyone, If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁. Retest is in the form of one of the triangular patterns. -->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's. -->If the price breakout of the pattern to the upside it will just go into a major supply zone . If any rejection from there it will move the market down. -->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped. -->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs. -->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade. -->If the price is above the line BUY if the price is below the line SELL -->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
NSE:NIFTY
by Mo-Kri
4
Nifty Expiry Day Pre Market 13/10/2022 Episode 1Good Morning Everyone, If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁. Retest is in the form of one of the triangular patterns. -->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's. -->If the price breakout of the pattern to the upside it will just go into a major supply zone. If any rejection from there it will move the market down. -->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped. -->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs. -->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade. -->If the price is above the line BUY if the price is below the line SELL -->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
NSE:NIFTY
by Mo-Kri
Selling opportunity in NiftyPlanned this trade in 5 min TF. Can plan this trade with a Small SL 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. If you want me to video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly
NSE:NIFTYShort
by Mo-Kri
#BTC MACRO UPDATE ON WEEKLY CHART, MAJOR BREAKDOWN MAY COME In this Chart, I have compared 2018 & 2022 Bear market There is a lot similarities in these two fractal I have compared it in Weekly Chart 1)In 2018 BTC formed Double Bottom after approx 71% decline from TOP & In 2022 $BTC formed double bottom after approx 74% decline from TOP 2) In 2018 it took approx 329 days from TOP to complete double Bottom and in 2022 also it took 329 days to complete double bottom 3) in 2018 After 329 days BTC plunged down approx 53% in next 28 days and if this fractal turned out to be true then bottom would be some where around 7 Nov & 53% down from here would be 9559$ THANKS
Short
by adityaiert2009
HERO ZERO TRADE IN NIFTYThese big candles indicating that price is at supply zone in higher TF Price failing to breach these levels and go up Even though price is again and again going back to its supply zone 1) It is creating lower lows in lower time frame 2)Getting rejection from 0.786 Fib levels in intraday All the levels are mentioned in the chart what the price comes there all you have to do is buy 17350 PE 6 oct expiry Price will be around 15-17 rs . Risk per lot is 750-800 . 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:NIFTYShort
by Mo-Kri
Bitcoin and elliott waves QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it So, we drew waves after the breakout of head and shoulder as per textbook ratios the price tend to form accordingly now price has reached it 3 impulse wave, we will wait for the pullback, which will be approximately 20100 level and the 4th wave that will be our buying zone TRADING SETUP buy around 20,000 around figure or at 20100 according to fib and wave lengths stop loss should be around 19900 Target 1 = 20400 & Target 2 = 20700
Long
by Jimmy_Rebello