Preferring shorts as if now in Nifty Days highwill be catastrophic stop. For Short
There are 2 Parallel channels given where the shift of track shown in the chart but there is a beautiful Harmonic XABCD pattern created which has always maintained the Fibonacci level when retrenching. On that base and present trend analysis, I have tried to understand the recent move of Nifty Future ( present continuous) with the given target level and stop.
There could be major profit booking from now on. First Support at 12428. Second Support at 12114. All this can happen before 9th Dec 2020.
NIFTY - It shows clear way to stay down. Go for short position. For TP & SL measure, check it on the screenshot window.
Hi Traders, 1. O 7th of Nov 2020, I wrote In my weekly blog on nifty is quoting to understand the move of last week. " A blue line is seen in fig. if this is taken out in both a time frame of 1-hour and 15 min then you will see further move but I would not be convincing from that It might travel 150 to 200 points ultimately trapping bulls...
Nifty is forming a lower lows and there can be a pull back as per the pattern and the Fibonacci level which is mentioned in the chart. the pull back can sustain only on intraday time frame and not for the swing for upside. therefore 11770 to 11800 will act as a crucial zone to decide the market movement since 3rd November 2020 is the US election. post...
Hi Traders, 1. On 1st of Nov 2020, I wrote in my weekly blog of Nifty in point no. 1 of the trading section is quoting as proof of my previous statement regarding the move you seen in nifty " As price made an evening star pattern on the red dotted line if the price has to change its trend to upside then the black dotted line has to take out...
Nifty can possibly move further on STOPLOSS HUNTING zone. however the target is achieved on FIBOCACCI level 1.618 and its time for a reversal.
Below 1260 Target 11974 Stop days high Low probability trade
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and...
Hi Traders, 1. On the 10th of October 2020, I wrote in the weekly Blog of nifty in clear and crystal words about the movements of nifty for the coming days. As I had to take a break, therefore, I manifested the complete move for 15 days. That I prove you step by step see my first statement in point no. 1 of the trading section is quoting fas...
#nifty analysis for educational purpose #Learn_Apply_Grow
Nifty is at SELLING sentiment however the highest O/I is seen at 11800 11900 and 12000 and down side 11700 to 11500 DOW JONES : opened 500 points gap down
HR analysis for short term/day traders. As per the pattern, we can expect support. (horizontal) Expecting to reject around 11800 - 11850. For bigger picture checkout the Day pattern.
Taking beraish view with high as stop Taking it as hedge trade
I hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...