Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
TREND ANALYSIS & TRADE SETUP Wave Analysis & Harmonic Cypher Pattern. Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. R:R is 8-10 times.
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
On the daily chart also there is a supply zone @ 9350-9500. On the downside there is a demand zone @ 8650-8850 and there is trendline support around these levels.
Hanging man candle formed near the 10-year-old weekly channel of Nifty50. This can be the early sign of downtrend from here. We need weekly closing above 9400 to get back into the channel.
If Nifty 50 NSE:NIFTY does not Break the 38.20% Monthly Fibonacci Level = 9400, What Next? Case 1: If Nifty stays Neutral and above 75mins 50EMA without retracing back to Monthly Support and Breaks the 38.20% in next few trading sessions = It is successful in making a Higher High Daily Swing more than 9390.85 of 20th April, indicating the continuation of...
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
FOLLOW TRADE AT YOUR WON RISK
I am really overwhelmed with the response for HDFC BANK! This analysis is on a viewer's demand. HDFC Asset management Services is seen to follow a steep channel and is continously Higher Highs and Higher Lows which shows a depth that it was trying to keep itself up (short term) in the mean time. With due today's market sell off, HDFC AMC has witness a significant...
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
It's a positive sign that Nifty closed above its supply zone @ 8850-9100. But on the upside, there is a major supply zone @ 9350-9500. As I have mentioned yesterday Nifty is trading sideways in the wide trading zone. In this type of trade setup, I will prefer to trade in OTM option selling instead of trading in FUT. I have a short position in 8600 and 8800 put...
8810-9100 is a strong support zone for this week. On the upside 9350-9500 is a strong supply zone. I am expecting a sideways move in this wide zone. As I have mentioned in my earlier posts also, I will trade in OTM option writing instead of trading in FUT. An intraday follow-through is possible when a breakout or break out of these zones.
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
Nifty has formed a HANGING MAN candle stick on the last trading session, ideally we can expect a gap down and have to wait till the candle closes on RED...after the confirmation we can go for a SELL... But if there is a bull candle stick is formed on next session the HANGING MAN will become invalid...
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
Long Nifty with a stop loss of 9195 For 21st April, 2020, Nifty has support around 9195 If that support is broken, then next support is at 9077
Nifty is facing resistance @ 9320 on it’s daily, Hourly and Weekly chart and today's close is below this level. On the downside of the hourly chart 8850-9100 is a short term demand zone. Strength is missing on the upper side so I will prefer to take a position in OTM option selling instead of Fut position.
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...