04 - 08 Nov 19
Strong resistance is seen around 11970-12118 area were W5/C/(B) completes
expecting a strong selloff to happen around this zone
Going short on break of 11843 will be a good idea
refer chart for possible W (C) tgt as mentioned
Happy Trading ....Respect Risk
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.
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.
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
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