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ITC - Count Seven & Go To Heaven (Wave Analysis)Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Once Seven Waves are done on the upside- structure completes & Next larger degree wave could start soon for ITC which most probably points to the downside direction but as a trader, we have to put proper risk management to get a maximum advantage (check trading strategy mentioned below) Importance of Number Seven ------------------------------------------ Number 7 came from - Seven headed flying horse - "Uchchaihshravas" was obtained during churning of milk ocean (Samudra Manthan - as suggested Hindi) Horses signify Seven days in a week Seven sages called Saptarishi Seven colours of the rainbow Seven Chakras of Yoga --------------------------------------------------------------------------------------------------------- Last TradingView Status Update -------------------------------------------------------- 11:36 Hrs / 9th July 2020 - ITC Stock Update - Please check last idea-"Bearish Gartley" Suggested Buy above 195 for 200 & 205-207. We can repeat the same strategy again. Strictly Buy Above 195 for 200 & 205 upsides or Sell Below 194. Thanks --------------------------------------------------------------------------------------------------------- TradingView Profile Page for Previous “ITC” stock ideas ----------------------------------------------------------------------- in.tradingview.com ---------------------------------------------------------------------------------------------------------- Trading Strategy ---------------------- Plan A ------------------------ Strictly holding above 195 – look for Target 1- 200 & Target 2 – 205/207 which is valid & open only if the stock crosses above 200 & holds – that means it should not slip or fall below 200 level Plan B ----------------------- Strictly Selling below 194 for Target 1 – 190/191 & Target 2 – 185 open or valid if stock slips below 190 Plan C ---------------------- No trade zone or strictly avoid any trading between 194-195 zone & Execute Plan A or Plan B according to the price movement Plan D ( Long Term Analysis) --------------------------------------------- Scenario – Reaches close to 209 & fails to cross on the upside then sell or if crosses above 209.50 then sell later – Target 1 – 180 / Target 2 (Strictly Below 180) for 157-158 / Target 3 – (Strictly Below 157-158) – 135 which is final target downside --------------------------------------------------------------------------------------------------------------------- Thanks for watching the idea. Take Good Care of Yourself & dear ones. Good Night
NSE:ITC
by WaveTalks
35
Descending Triangle Pattern Real-Time education.This pattern important role in the breakout to the downside (Some analysts believe that increased volume is not all that important).We always consider the strength or weakness of volume as being the "straw that stirs the drink." Let see what will happen here minutely and something we can conclude. How can we trade descending triangles? Let's check below will reliable or not on real-time. Typically you want to buy after the pattern breaks resistance. It is good practice to set a stop-loss just below the last significant high. Hit LIKE button if you want to learn REAL-TIME PATTERN notification.
NSE:NIFTYEducation
by Trade-Technique
11
Tails and When to use it?TAIL, This is a reversal of prior trend pattern that shows up as one candle reaching out well beyond normal price action. Sometimes referred to as a Hammer which is used to spot signs of a reversal indication . For Example, 1 Tail at a value low and Psychologically, this can signal exhaustion in the selling mentality and a developing appetite for long exposure among traders. Being able to read this market behavior will add value to a trader’s analysis. Furthermore, the same sort of reversal in emotion can be seen in the other direction. Vice versa, 3 Tails at Value high and seen price rejection and change in direction. The " volume " surged 2x from average volume when TAIL is created. 3 Tails at " Value High " of the channel and 1 Tail at the " Value Low " of the channel.
NSE:SBINEducation
by Trade-Technique
9
Where we are with Banks ?!Technical Aspects : YesBank - Bearish Bat AxisBank - Channel Breakout ( will fail & range again, just My opinion ) SBI - Bearish Cypher So as of now our technical aspects point downside... Fundamental : Not literally fundamental view, based on macro news, YesBank - Lesser NPA than Axis & better next to HDFC AxisBank - High NPA among privates SBI - Banks consolidation will do it down & NPA none cares, bcos its public(our) Money, so they don't mind about getting it back. :) This is not for trading, just an overall view...
NSE:YESBANK
by InsiderB
6
Nifty : Why Nifty Why & Do We Cry ?!Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction. Monday - Technical Glitch & 100 points Up Tuesday - Bit of range then closed near pullback zone ( We can't carry risk overnight, that too when NSE itself unstable) Wednesday - Ranged in the channel, stayed within ( Only Intraday scalping ) Thursday - Gap Up Though we knew direction, we had trade setups in place, this happens in market, It's part of Game. Few will feel, Why Nifty did this to Me ?? I missed 200 points profit bcos of this Markets craziness, NO, Markets for everyone, not against you. Markets will be here forever, so we will get some other chance Next day or later, its not that Nifty will perish after reaching 10k & will be stand still at 10k. So Relax & Move on, Bcos thats what I do now :)
NSE:NIFTY
by InsiderB
19
TataSteel : How Crazy I'm !!Another chapter in TataSteel Love Story :) Let's keep aside Tatasteel for a moment. Consider this as some very random chart of unknown scrip X, we have perfect ABCD pattern finish & even if you do with Fibs there will be very good fib formations around our expected reversal zone, RSI being oversold another reason in kitty. Usually to take a trade we look at these reasons only & then place trade when all gets valid, so I'm applying same things which are considered for random,unknown X scrip over Tatasteel here. Not an iota of change here. Why I need to post Tatasteel knowing its failure & work for Me ? i) For whatever random scrip, we apply same trade plan over n over. That's what discipline is known for ( I stopped trading F&O of tatasteel few years back, knowing My luck with it but posting to show that plan remains same forever) ii) For some scrips, some setups will never work, You need complete alternate approach - Yes it is ! ( I don't want to try something over Tatasteel, so left as it is ) iii) An alternate approach on same scrip shows Buy on Tatasteel ( Every price tick has Buyer & Seller, so I can agree with other setups 100% but can't use your trade plan bcos its not My plan, discipline again ) iv) Reason behind posting knowings its failure ? ( I have no shame in saying or sharing the info that My trades fail on Tatasteel, Everyone needs to understand failure is part of trading no matter how good you are & I know I'm not 90% or 100% winner, so I'm not ashamed of sharing failed trades, what matters is whether I followed the plan ). Here ABCD & RSI , yes I did as per the rules, so its Good trade irrespective of outcome. I believe there are few take away points from this post, Thank you ! InsiderB
NSE:TATASTEELShort
by InsiderB
4
M&M swing trade to 1323 comingM&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion. Entry: two part entry at 1283 and 1277 SL conservative: 1260 SL aggressive: 1271 Target: 1323 and if like part booking 1310 is a option Expected hold period minimum: 5days. Entry 1280 Average entry 1283 & 1277 SL 1260 Conservative SL Target 1 1310 Target 2 1323 Reward min 30 Reward max 43 risk 20 ROR1min 1.5 At first part book level ROR2max 2.2 At last target
NSE:M_MLong
by koolshanin