Though I do Intraday Nifty, I'm not going to take any positions for 2 days even if it's scalping 20-30 points. Nifty will be ranging & wicks striking out (possibility) there may be couple of losing trades can happen in scalping. So why bother so much for scalping...I feel it will neither cross 9690's or 9650's, so better Declare Leave & watch the show, thats what...
Go long after breakout with high volume and MACD crossover. Target is height of the range. Targets and SL in chart.
Go long at after range breakout for given target. Indicators look good. Also price is supported at 100 DEMA apart from the given support lines as well.
There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running...
Feels like Nifty will be ranging between 9360's and 9280's but on the channel break, scalpers can have few more points on the downside till 9280's. Get Bullish only after reversal. Happy Trading week !
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Nifty 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...
NSE:ASIANPAINT has come out of the zone before it dipped halfway. Also, it has closed above 50 DMA. If it stays above the line, we can see strong build up.
short under trendline break only
It 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
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 -...
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...