Profit booking today from Lifetime High 12000+
_ Many Members Asking, Why this fall??_
Simple Reason: "Buy on Rumors, Sell on News"
Exit Poll was Rumor so Smart money Buy there,
Now its confirm so Clear profit booking.
But on Long term, Stable Gov is Good Signal for Market ahead TGT 13000 in next 1-2 years
Today Nifty fall from 12000 to 11614
There is a divergence between nifty and bank nifty. Similar divergence appeared in nov 2010, at that time nifty retraced back to 38% to 50% zone of it previous trend. Similar behavior is likely is current situation.
As we can see price has been in a very good and strong Downtrend for a while and then it started retracing, my bias and Technical Analysis says that the retracement is complete or it is about to be completed. but If retracement is completed then this time is good oppertunity to sell.
TRADE WITH PROPER STOP LOSS BASED ON THE MARKET STRUCTURE!!
Is the current move of SUNTV just a throw back of its breakout?
550 plays a very important support level even psychologically and technically. It has also retraced and reversed from very important retracement level which coincide with major support.
Ason 16/09/18, ITC is in downtrend in daily time frame. Crucial resistance level is 308.42 and crucial support level is 305.82 as per pivot points (fibonacci). Short ITC if it crosses 297 for target 290/287/280 with stoploss 311.40.
SMART INVESTORS WILL ACCUMULATE
AT THESE LEVELS STOCK HAS RETRACED
MORE THAN 61.8% AS A TRADER TRADE FOR
SHORT COVERING AS A POSITIONAL TRADE ACCUMULATE AT THIS LEVELS
BUY@107(WAIT FOR IT
STOCK HAS FORMED A STRONG...
What a performance by "Retracement and Reversal"!!! Crystal Clear.
Buy on around 1:15 pm @ 26500 and Zoommmmmm
Here it is how it performed in 3 min Timeframe.
"Retracement and Reversal" Never Predicts.
Only known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Ideally Retracements are "No New Trade Zone".
Traders who entered a LONG Position at 79 Levels would have exited at 89 Levels yesterday morning as suggested by 4th Grade Green.
*Retracement and Reversal never Predicts.
Only known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend.
Already showing Pink in "3. Multiple Level Retracement" from 7th June.
Ideally Retracements are "No Trade Zone".
High Risk Traders take at least some LONG positions on Pink to gain maximum from bottom. Already Green in 2H timeframe at 290...