n my previous post I gave the reversal from 8550 towards 8620 to 8700 with an explicit warning that it should not cross 8700, Nifty made the recent high 8670. As mentioned before I was expecting it to be a correction so it took a while to complete the pattern, Now it seems to have reversed. Now It should form a 3 or 5 wave structure downward, but it should break...
Let's Welcome Samvat 2073 (Trading New-year) ! Any of you did Muhurat Trading yesterday, to acquire long term stocks ? Usually people open New accounts during Diwali ( Muhurat Trading ). People has strong belief it brings them good luck... Great ! Though I never followed that, I appreciate bcos people feel overall confident that Lucky charm is with them throughout...
Are you guys overloaded with Diwali sweets ? Here is another short & sweet setup in Nifty. You guys are awesome, so just with look over the above chart you might have realized we are looking for Breakout. Though we are bit undecided about direction of breakout, take care of false breakouts with proper stops & quick reversal on opp. direction move. This is the only...
Nifty reacted today beautifully from Daily Supply Zone that coincides with resistance at 8700 and top of the trend line. It could travel back with a gap up opening or another sideways consolidation day, before honoring the trend towards reaching 8400 odd levels. Thoughts?
if the upper resistance line isn't broken then chances are nifty can reverse for another low, as all the structures made here are 3 waved structure, and it doesn't seem ready to go up just now. Count invalidates if the line is broken.
Let me ask this first, How many of you are frustrated bcos of almost no movement in Nifty ?! Almost we are stagnating within 100 point range from Oct 19th. Intra's will be having chances here n there but positional ones will be irritated to the core bcos of no movement & no trade setup emerging out of Nifty. B's Shopping Theory : Am not sure about the exact...
Thank God, there is no typo in the Title I gave. A typo in the title might have looked bad, if you know what I mean ! Here is the plan guys, there will be 2 back-to-back Nifty charts (1) one on 15 min timeframe (2) other will be on 4hr timeframe. If you look at the chart above there is trendlines, Flag & Shark pattern. I don't trade sharks usually more often they...
current structure shows that we can see a final leg towards upside than there could be a fall following. but to note that nifty should not proper break the upper channel line.
Another Beautiful Morning, Another Analysis,Another Pattern but same idea which we are telling for ages - " Nifty Down Down ". As expected we got into the muddy area, its gonna be really sticky mess in the 50 points range on either side of 8500's. Only a swift move from Nifty can take us out of this zone. I'm not sure why, I don't get the feeling that we will get...
Hey Guys, How you all doing ? Hope you are good... Its been a while right,since I posted ? Yep, I'm Back... Take breaks quite often guys.. what's the need for money ? To enjoy the life, so when you make money we should take care of the fact that making Money itself won't become a stressful work. So frequent breaks always helps. Let's jump into analysis & see...
This was the first question came to My mind when I saw Inverted Head & shoulder pattern in Nifty, after yesterday's Head & shoulder pattern. How come chart appears as if its inverted ?? Probably, hangover ? Anyway, I'm expecting the game for the day will be between Resistance & support zones and breakout of any zone will determine direction for 2 to 3 days...
So today in Nifty 15 mins we can expect the breakout of head and shoulders pattern and a move downside. Why we are expecting downside breakout ? Well, then only My last two days post will be right prediction :) We have same amount of chances to take support on trendline and move up. So watch Nifty carefully, won't you love it if the breakout happens & get a ride...
nifty closed above 8760 took nifty to 8800 Sustaining below 8740 can take it to 8700 then 8650 Now it need to close above 8800/8820 for next fast move to 8888
Hi Guys, If roasted peanuts are not your favorite snack, Get samosa n chai.. relax for the day. I guess Nifty is going to range for the day and the direction of Nifty will be decided based on RBI outcome. This time we have Monetary Policy Committe ( 6-member panel) discussing what to do with Interest rate n whats best for Economy. Actually, when Urjit patel...
Well, I don't get better title than that :) So we have 3 scenario's for the day in Nifty. (i) Bearish Bat (15 mins) if completed - potential short trade on Nifty. Will be over by today or 2mrw. (ii) Bearish Crab the pink leg - If NIfty decides to move up expect crab completion and down move. (iii) If Retest of upper resistance zone happens look for trades based...
Nifty has completed a 3 wave correction down and is near the previous higher degree wave 4 low. So this should continue up for it's final move above the current ATH.
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.)...
Hi Guys, Its time already to post for Nifty but I'm still typing the content here, Sorry for the delay. Today we got 3 points to discuss, (i) Nifty analysis (ii) Farmer's who Trade (iii) Corporate News events & how they hustle your money ! (i) Nifty analysis : Actually I expected Nifty to move in channel shown above but it gapped up. Anyway, being...