Nifty Elliott wave update for 13april 2021
Things to watch : 1.Entry point 2.Adding to long 3.Covering newly added positions 4.Channel breakout
Lockdown is coming in maharashtra form 14 or 15 of april and on 14 market is closed. tomorrow is last opportunity before expiry to book profits.
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
Its Amazing to see so much support , So many emails and so many DM i am receiving , I hope once you completely view this video you will come to know How to take decisions in the trades , Forming of Mechanical approach , and Understanding the Patterns unfolding in the Market Good luck People
Support and Resistance Corona Fear and lock down fear selling
chart pattern developing head and shoulder
All the reasons for the trade have been explained in the video. ---HAPPY TRADING
LOOK IN THE VIDEO IN THE VIDEO FOR THE SUPPORT AND RESISTANCE LEVELS . FOR TOMORROW I WII BE SHARING MY SETUP SHARP AT 8 AM IN THE MORNING. DEPENDING ON THE PRICE ACTION TRADE ACCORDINGLY
price is in a range from last one and half month. expecting a upside breakout in coming months or days. if breakdown comes i.e ( weekly close below 14500) we have targets till 13k-13200 level but our view is bullish and we expect a upside breakout for a target of 16700-17k.
Trading Strategy Buy if Index halts or stops in the zone 14790-14810 for short term upside move 14880/14925 Sell if index halts upside in 14925-14950 with strict stops above 14985 Strictly Avoid any selling if Index crosses above 14985/15000 levels. Thanks
Banknifty is looking slightly more bearish if not bullish for me. Please watch the video for the insight in reality of Psychology and Trading. Please comment and let me know if you have any other ideas or observations. I really appreciate counter questions and constructive criticism.
GOOD ACCUMULATION IS GOING ON READY TO BO
Nifty & Bank Nifty All time frame analysis for 12apr 2021 onward
The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.