Century Updated Triangle Chart !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Leading Diagonal
Cummins Ind Chart Pattern !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 5-6 Times
Leading diagonal retracement. I'm hopeful of a 61% retracement to 15391, but it could be different. Sell options based on your aggressiveness. August 18000CE seems most safe.
HDFCBANK Leading Diagonal 5th Wave EndHDFCBANK retraced more than 61.8% from top. Leading Diagonal wave is 5 wave pattern which is formed in wave 1 of impulse or wave A of Zigzag.
HDFCBANK to start fall post close below 1093 on hourly chart. SL can be 1120-30.
Potential wave targets are in coming days
Wave A 1046/1020
Wave B 1075/1065
Wave C 1002/960
Nifty-10300 to 10550-An Awesome Run Upside- Is It Done & Out ?Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
------------------------------------------------------------------------------------------------------------------------------
The Last Nifty Idea - Buy Above 10300 for 10550
-------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
A Question which you need to ask yourself - This Time I am not giving any direction. You need to suggest what you think about Index with your own charts.
Pour in your answers with awesome charts. Let us have a constructive talk.
-----------------------------------------------------
My TradingView Profile Page
----------------------------------------------------
in.tradingview.com
--------------------------------------------------------------------------------------------------------------------
Cheers & Best Wishes
Nifty -Possible Leading Diagonal-Selling from the Tops @10550Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
-----------------------------------------------------------------------------------------------------------------------------
Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam
--------------------------------------------------------------------------------------------
Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question.
--------------------------------------------------------------------------------------------------------------------------------
Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario
------------------------------------------------------------------------------------------------------------------------
Trading Strategy
-----------------------------------
Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken
--------------------------------------------------------------------------------------------------------------------------
TradingView Profile Page
in.tradingview.com
--------------------------------------------------------------------------------------------------------------------------
Nifty - Is 11461 the Bottoms- Accumulation WedgeShort First & Long Later
Trading Strategy
Plan A –
Selling in 11685 -11710 for Targets - 11650-11660
Plan B –
Selling below 11650 for Targets - 11600-11615
Plan C –
Selling Below 11600 for Target zone - 11525-11540
Plan D –
Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for 11980-12000 & Above 12050 for 12150-12200
Plan E-
Buying from 11525-11540 with strict stops below 11500 for same targets as suggested in Plan –D
Risky Traders Call –
Most Critical Zone – 11475-11 490 can also be used as buying zone for targets 11700-11980-12200.
Picking the Bottoms at 11461 lows
Image
The Last Video Idea - D- Street or Damaged Street - 520 Points Fall -11961 to 11461
Maruti possible shorts after Leading Diagonal (Elliott Wave)Looks like we have completed a Leading Diagonal formation for W.(1) and W.(2) also looks complete, hence we can plan to initiate shorts here with the SL above swing high.
Strong resistance at 7640 level seems to support the view.
NIFTYIT - an opportunity in adversityA Leading Diagonal 'wave A/1' followed by a sharp fall in 'wave B/2'
KotakBank - Forming A LEADING TRIANGLE PATTERNIt is interesting to watch the price action forming a leading triangle as it can represent a new Wave 1 after a all time high breakout. This chart pattern is generally known as continuation trend pattern and subdivides wave structure in 3-3-3-3-3-3 that indicates consolidation between buyers and seller to move prices.
The breakout from here on will define trend and keeping it on my watchlstt for tomorrow.
ICICI Bank - WAVE 5 IN PROGRESS ON MONTHLY (Good Investment)I have observed that the price action of ICICI on monthly chart is trending up and building a clear leading diagonal. It is been moving in 5-3-5-3-5 waves pattern that is narrowing gradually with the price action. At present, It is been observed that the leading diagonal has completed its Wave 1, Wave 2, Wave 3, Wave 4 and now it is preceding towards the completion of Wave 5 that will take the price action to expected levels of 400 in months to come. It is an decent opportunity to invest with limited risk and good amount of returns on investment.
