Banknifty opened at the resistance of (3) wave 27701 nearby which is at value high. This resistance pushes it toward the control value at 27463(gravitating) and (4rth) wave at value low. Looking at it seems that short declining wave can start for the target.
Above all levels are for a spot.
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 14thOctober 2019 to 18thOctober2019
Nifty 50 moves around +394.65 pips from 14thOctober 2019 to 18thOctober2019, in which nifty 50 break last week 07th October 2019 to 11th October2019 top 11362.90.
NIFTY 50 can be long above given green line
and NF can also be shorted below red line
We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!!
SL - Above/below blue line depending upon breakout/breakdown respectively.
#NIFTY
#NF
#NIFTY50
#NF
For more details,contact us through...
NIFTY 50 can be long above given green line
and NF can also be shorted below red line
We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!!
SL - Above/below blue line depending upon breakout/breakdown respectively.
#NIFTY
#NF
#NIFTY50
#NF
For more details,contact us through...
NIFTY 50 can be long above given green line
and NF can also be shorted below red line
We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!!
#NIFTY
#NF
#NIFTY50
#NF
For more details,contact us through Personal Message :) ENJOY !!
After a massive rally of 899 points in two trading sessions,
Nifty has been in overbought range for some time
RSI (30 mins.) showing a little bit of tiredness already.
CCI (30 mins.) has already give a reversal signal.
Heikin Ashi candles have given a clear Sell Signals.
One can go short keeping 11660 as a stop loss.
Nifty is likely to push higher in early trade just to complete its final stage of W V/Y/4.....shorting on higher levels of 11155 will be ideal....Respect Risk.....Happy trading
Nifty Buy Above 11142 Stoploss 11095 Target 11230-11300
Reasons for trade-1.Price near to important resistance of 11127
2.Price has formed strong candlestick pattern on weekly chart
3.On daily chart price has formed HH and LH pattern
4. Risk Reward 1:1.5
Haribol,
Looking to short nifty at these levels .
I find it a good enough place to short in anticipation of coninuation of the Long term trend.
For Elliot Wave lovers , In my Opinion it is completing a Motive wave subcycle and another one may start.
The C wave seems too bullish for me and it more often than not means the Big guys want the Retail Traders to...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
