Community ideas
Nifty-Elliottwaves-Wrong = Right/ Let us crack coiling effectIn the middle of coiling effect. Let us wait for the structure to finish & feel the real beauty. Happy Weekend
This coiling effect can be called "Ending Diagonal or Falling Wedge"
Trading Strategy
Plan A (Sell or Short Positions)-
Expect Bounce close to 11300 – 1 1325 & Sell in the zone 11300-11325 with stops above 11360.
Targets - 11250 / 11200/11150-11175
Plan B (Buy or Long Positions) –
Look for support zone 11150 – 11175 or close to 11175 for upside
Targets - 11300 / 11360 / 11400 / 11460 / 11700-11710 / Above 11725 for 11980-12000 & Above 12000 for 12200-12300 zone.
Plan C – (Sell or Short Positions)
Any move below 11150 – expect 25-40 points which is extremely risky as only below 11100 – I will advise to take sell / short positions for 10750-10800 Target zone.
Nifty - D-Street or Damaged Street-520 Points Fall-Elliott WavesTrading Strategy
Safe Traders
Buy above 11585 for Targets
11625/Above 11650 for 11775-11800 / Above 11800 for 11980-12000 / Above 12000 for 12100-12200
Risky Traders
Look to buy in 11480-11510 zone with strict stops below 11460 for above mentioned targets as suggested for safe traders.
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Last Video Idea
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Budget 2019 Idea - H & S Pattern Failure at 11625
Nifty - Budget 2019 -H & S-Pattern Failure at 11625
What is a trendline
A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend.
Trendline Rule
The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity.
Trendline can be a neckline / support line as explained in the Head & Shoulder pattern in current scenario.
Trading Strategy
Plan A
Sell below 11930 with strict stops above 11975 for targets
11875-11890
Below 11875 – 11830-11845
Plan B
Buy in the zone 11830-11845 with strict stops below 11800 for targets
11950-11975
Above 11975 – 12000-12050
Above 12050 – 12100-12125
Plan C
Sell below 11775 with strict stops above 11815 for targets
11700-11625/11650
Below 11625 – 11500/11525
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Previous Ideas
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29th April 2019 - How will you sell - X-wave mission
15th May 2019 - We got Gartley M
11th June 2019 - Head & Shoulder with Right Shoulder at 12000
Tata Coffee-Enjoy the Coffee in The Cup
Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well -
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Correction -
Sorry using "circular shape" over the video - Its a curve shape from 168 to 185 - silly mistake -happens.
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Trading Strategy
Plan A -
19:57 Hrs / 14th March 2019
Last Price@95.35
Buy If you get dip somewhere close to 90 & 85's - obviously you should throw away the cup if 80 gets broken that should be understood.
Target 1
120-140
Target 2
Above 140 - 175-185
Target 3
Above 185 - It should not move below 175 post crossing 185 highs then look for 250-280's as suggested over the video.
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Image of the Coffee on 26th Aug 2018
Enjoy the Coffee in The Cup - With Double Bottoms@80
Cup & Handle Pattern
A cup and handle price pattern resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume, and may be as short as 7 weeks or as long as 60-75 weeks- roughly a year and half.
The fall from 185 in Nov 2017 shall complete a year in Nov 2018 so that would be the period or time zone plus couple of months more- one should be alert as its aroma could spread across the globe & everyone would be interested to take a sip.
Cup and Handle Stops and Targets
A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout.
Successive breakout zone shall be above 175-185 & I am taking conservative target measuring 85 points which is depth of the cup above 168-170 zone or above 185 as shown over the video, which gives a roughly target zone of 250-280.
Once it breaks out & above 140 key level –make sure it never returns back below 140-135 zone else that could be risky.
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Trading Strategy Suggested on 26th Aug 2018
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Trading Strategy
Long Term Strategy
Plan A –
Wait for the stock to cross 140 & upper trendline of the handle & maintain stops below 135 once it crosses above 140 – Target Zone -175-180 & Above 185 – as 250-260.
Plan B -
Look to buy above 175-185 zone & keep in mind –price should not dip below 175 after crossing the zone of 175-185- Target Zone 250-260.
Plan C -
Plan to buy in 80-85 zone with strict stops below 80 – if goes below 80 –Throw the broken cup.
Short Term Strategy
Plan A –
We look to sell from 115-117 zone with stops above 118.50 for target 112 – 106- 101
Plan B –
Buy above 118.50 for 121-123 zone - book & out.
Plan C –
Sell from 122-125 zone with strict stops above 128 – Target zone -118 -112-106 - 101
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Woodies CCI and Fisher transform for buy sell decisionWoodies CCI and Fisher transform for buy sell decision
RM- PRICE ACTION WITH SL - INTRADAY ONLYHi,
After long time. Hope you all enjoyed my post on NIFTY. It is exactly happening as i was told or published earlier.
Here i am with my new trading system and for sure it will give you better trading opportunity.
Please watch complete video. Any question don't forget to ping me. Happy trading to all my friends.
Lesson 1A How to trade with trend lines without using indicatorsThis video is specially for the learning of our premium club members, where we try to teach them classical charting in easiest possible manner.
this video is also for all those fake experts who are charging obnoxious amount of money from people at large and making them learn TA using useless indicators.
if you want to learn charting do it the right way.
if you have any query feel free to dm me.
Kindly like and share this video to spread the awareness.
dm me our premium club today!
thank you.
Nifty- Gartley Ki School @1085010:00 Hrs - 21st Dec 2018
Last Price@10920
As suggested in the profile update before market hours- look for 10850-10860 zone for buying where CD leg of Gartley completes. Currently running down from 10960's - You need to check settings tab in "ideas stream" to get updates & ideas in time.
We are already 40 points down in D leg -selling from tops 10960's
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Auropharma Update
Cheers for Auropharma buying at 721 for 730 target done & above 730 -we look for 740-742 zone as suggested in last video under plan D
Last Video Idea
Plan D - Buy between 720-722 if 720 holds downside for 730 & later above 730 for 740-742 zone - Yesterday day low@721.10
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Have a nice weekend.
Auropharma - The Wick-ed Game Show@751" Wick -ed ucational" show
We have discussed about Candlestick Analysis in this video idea. Any candlestick has 2 important components
Wick
Real Body
If these "wick" turns wicked on account of FED decision then -call him & he shall help you - "Who" - Our lord Hanuman.
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Trading Strategy
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13:10 Hrs -19th Dec 2018
We continue from last Idea published comment - SBIN -Ulta Pulta - TradingView Exciting Feature. Have sold close from 740 as per update for target 730 & lower
SBIN rocks at 301 as suggested in last video buy above 285 for Risky Traders & Safe Traders Buy above 295 mark - "Ulta Pulta"
Plan A - Sell Call
Selling below 740 for 730 below 729 for 720-722 & below 715 for more on downside
Plan B - Sell Call------- Had Gravestone Doji Candlestick Pattern at 751 Highs
Selling close to 750-751 (Already done once for target 730)
Plan C - Sell Call--------Had Bearish Engulfing Candlestick Pattern at 758 highs
Selling close to 755-757 with stops above 760 for downside target 730 & same as suggested above
Plan D - Safe Traders Buy
Plan to buy when you see 720-722 zone is good support - not going below 720 for upside target 730 & above 730 for 740
Plan E - Risky Traders Buy
Buy if 715 -717 holds then look for 730 and same as mentioned above.
Plan F
Sell below 715 - It should not move above 720-722 zone after selling below 715 then expect target downside as 700 - below 700 for 650-655 zone.
Thanks for watching the video & your precious time.
SBIN - Ulta Pulta -TradingView FeatureSBIN - Turn it upside done (Ulta Pulta) - TradingView Exciting Feature
Head and Shoulder & Inverse Head & Shoulder (killroy)
Book - Technical Analysis of Stock Trends by Edwards and Magee
The Head and Shoulders Bottom (Reverse Head and Shoulders) is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, anked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the rest two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline – drawn between the two highs – to conform the BULLISH reversal. The Head and Shoulders Top is the bearish counterpart signaling a major trend reversal downward.
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Short Term Trading Strategy
Risky Traders
Look to buy if 285 is intact downside - holding above 285 we shall look for 310-320 target zone as shown using magical box in the video
Safe Traders
Look to buy only above 295 for 310-320 target zone as mentioned above in risky traders strategy
Traditional Target (Bookish Measurement)
Vertical Distance from Head to Neckline - projecting it from neckline above or below once right shoulder formation is done & you see volume surges or increase as a confirmation tool for respective direction move.
In current case traditional target comes between 335 -340 zone only once it crosses above 325 and holds above that level for 335 -340 target zone
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Long Term Trading Strategy
Plan A- Selling at tops
If stock faces resistance between 310-320 zone be careful as fall could be severe taking it down all the way to 250 -230 & even close to 200 levels.
Plan B- Buying at bottoms
If you get the stock between 200-210 zone & it gets support then look for explosive move back to 300 - 335 -350 & above 350 - "Up -Up & Away" post the expected fall as discussed in Plan A above
Thanks for watching the video. Have a nice trading week ahead.
Auropharma – 831 to 750 - A crack!Auropharma – 831 to 750 What a crack!
Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018.
If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true scenario for an analyst.
Flashback
Overnight (As of 4 - 6th Dec 2018) , Auro was moving within rising wedge –a common term used by traditional analyst until I came to know about wave analysis where the same structure was termed as “ending diagonal” – a overlapping structure which indicated that the upward structure could be ending soon.
Rising Wedge
When a financial instrument (which could be stocks, forex, commodities, bonds etc,) price has been rising over time, trendlines drawn above and below the price chart pattern can converge to show a potential reversal point at a peak. This reversal point can indicate a bearish price point signal in which the security’s price is subsequently expected to reverse lower.
In our case the peak was 831 High and we got excellent selling opportunity close to the peak at 825-826 zone – High was 826.70/826.80- rest is the history
Target achieved – 794 as suggested over the video with small pause and breaks at 815 -810 zone.
This pattern is used by traditional analyst and wave analyst
Books – Technical Analysis -Edwards and Magee ,Wave Analysis - Frost and Prechter
Polarity Reversal = History Repeats
What happens is that history essentially repeats itself, but the role of price at that level changes from resistance to support and vice versa.
Polarity Reversal concept explained in my favorite book which was the first one I referred for the journey of technical analysis written by – Edwards and Magee.
Important Polarity Reversal zones in last week
790-792
777-775
Candlestick Analysis
Evening Star – 3 candlestick pattern as suggested in the book – Candlestick Analysis by Steve Nison
Steve Nison – Father of Candlestick Analysis.
Book – Candlestick Analysis by Steve Nison
Harmonic Analysis
Bearish Crab - Excellent Harmonic Structure occurring at 831 was an amazing clue
Book - Harmonic Analysis by Scott Carney
Trendline / Channels
Book – Technical Analysis by Edwards and Magee is the reference book.
Financial Astrology
Term used by financial astrologer- “Retrograde” was also updated in previous video idea of the Nifty Index – “Mercury, Markets and Mayhem below 10800” – Mercury retrograde runs till 6th Dec 2018 – if you haven’t gone crazy – don’t worry market will make you crazy.
Note-
As updated/suggested on 29th / 30th Nov 2018 in last Nifty Video Idea comment section –we expected to be cautious from 10950-11000 zone which was danger zone
What type of analyst are you? You just had to pick and execute –rest you were bound to enjoy the markets.
Finally, It was kaka’s blessing directly from Bollywood (Kaka – Late Rajesh Khanna) – stands out to be real tribute to this Bollywood actor in the creative way (audio clip) as updated in last video idea.
Thanks.