Nifty Expanding Triangle PatternNifty shows an expanding triangle pattern.
Trend traders be away from this market, wait for price to breakout of this range to go long.
This market is a gold mine for aggressive range traders. Do not use trend indicators to analyse this market. Use oscillators to analyse this market.
Good Luck Range traders...
Range
ZEEL BIG TRENDLINE BREAKOUTIt is been observed on daily chart that the price action breaks above the downward trendline indicating Buyers empowering over Sellers and now it shall further move up. Price action is still consolidating in a range of 430-460 levels.
Target 1: 450
Target 2: 460
Stoploss: 434
Nifty : Will Double Top & Gartley work Together ?!So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's - 8840's. The trade setups we have today are :
(i) If Double Top confirmed with Bearish Reversal - Short Nifty
(ii) If we find support at zone marked in green with Bullish Reversal - Long Nifty
We have Simple 5-wave Elliot completion, charts will look messy if I draw everything on Nifty. So left it out.
Pattern & Double top completion increases confidence only, doesn't mean 100% winning potential.
How easy it is... I want Nifty to be this easy everyday, Just under 180 seconds Flat, analysis is over for the day.
Nifty : Will you ever get out of this crooked Ranging Mindset ?Below is Conversation Between Nifty & Myself :
" Why Nifty ? Why ?? Little irritated with you. Dear Nifty, Isn't it bad to repeat same things again ??? How can we trade if you Range like this ?
Nifty, its good for you if you get out of this Mindset and Do some unique move on your own, we will appreciate your moves Nifty. Just Don't repeat things,thats all I ask to you Dear Nifty ! "
Did I get bit harsh on you, Nifty ? Don't Range !
Happy Trading !