trend line support Nifty continue to hold gann trendline
The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay ! All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's...
Welcome Monday ! We are ready... Today we have simple ABCD trade setup bcos the Nifty move is yet to complete and with initial look itself we can predict we have support zone for Nifty created by Gaps. Even if Gap down happens today, I hope that will be in previous Gap Zone 8850's -8820's. Check with few fib ratio's over AB leg, ext. fall within zone. So if we...
Nothing fancy today, No patterns or complex wave counts... Simple Double Top in Nifty. But is it Valid Double Top ? Actually, if Nifty is @ 8968's we can vouch that its very much valid double top but its few points away and we have resistance zone also. Nifty is known for its mischievous Gap openings, so lets wait n watch whether we get bearish confirmation in...
In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point. In Nifty, a week before we had more than 300 points in 10 days just by patterns but that...
Note : This setup is only for Aggressive Traders, if you are conservative trader please stay away. Enter only on valid Break of trendline, use stops wisely Remember if we short now, we are standing in midst of Bull stampede. Nothing Scary,Never Fear just Trade the Plan ! The above wordings deserve a repeat bcos of highly risky trade setup. Now two scenario's...
Hi Friends, Let's Welcome September by counting hatched chickens of August ? (1) Bearish Cypher - 80 points ( trailed stops) (2) Bullish Cypher - Lost 15 points ( Broke the pattern straightaway) (3) Bullish Gartley - 240 points ( Trailed stops aggressively & We caught wave-3 perfectly ) So whooping 305 points in few days..Great for Nifty I believe. But before...
This is continuation part of other post on Nifty wave prediction, I guess if you have either followed your own plan or patterns insync with wave predictions just adjusted triangles without any spils, you will be riding waves from 8550 if you got in with cypher posted earlier, almost 200 points in Nifty...Just going more stronger. We can expect pullback to retest...
Hi Guys, Today we are gonna use simple support resistance for our analysis. When we use support/resistance its always two sided coin, Valid or Invalid (Sup/res) will be those two sides. Now we should consider this blue zone in Nifty (8620's) as resistance. What I expect for the day is Gap up of more than 20-30points bcos Global markets are good especially US...
For more details please check : B Plan explanation in related ideas. Only Nifty stocks below 100 in this series. Happy Trading !
Happy Monday Guys ! With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have...
Nifty may open Gap up right away bcos of Bullish cypher, but as per the overview post (Lets ride the waves), there is hourly close below triangle pattern but is it gonna start the fall ?? or it's just teasing the lower trendlines of triangle ? Let's see... Anyway if you look at this cypher risk vs reward its pure awesomeness... Happy TradinG !
Hi Friends, I hope you guys have noticed the previous post about using Patterns insync with Wave theory. When I posted it on Sunday, the triangle had spill outs and looked bad, now take a look at above chart after 4 days , I just marked out the triangle its almost perfect formation here in Nifty. Let the Nifty consolidate as long as it wants to, patience is your...
Sometime cypher gives inverse Risk:reward but worth it Though we get few points in patterns, their success ratio are higher than most moving avg based techniques Check your cypher ratio's n enter the trade Prev.post ( Let's Ride the waves ) - still valid I will be out today, so there won't be more post for the day, Sorry Guys ! Happy Trading !
Happy Monday Friends ! Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience. Let's check our surfboards right away & get it ready to surf along Nifty waves... Next resistance level for Nifty around 8800's...