Nifty Short Selling Strategy: Targeting 780 Points with a 1:6 Risk-Reward Ratio
Introduction
As market participants analyze the Nifty index's recent performance, many are identifying potential opportunities for short selling. This article outlines a strategic approach to capitalize on the anticipated formation of a short-term top in the index, aiming for a...
Gold maintains stability above $2600 and reached new record high $2640
A temporary retracement is retesting immediate support zone $2623 which is likely to attract buyers.
If this support breaks, expect a drift lower to next point of interest $2613
On the higher side, Gold is likely to retest $2640 above which markets may witness bullish extension claiming $2660
Mid term target 16, 16.90
It is the second attempt broke 15.00 since Sept 2024
Based on Fibonacci channel, the target price shown at the side indicate the different short to long term target price
MACD indicate bullish sign with gold cross after recent retracement
Huge potential is there.
For short term investment ;
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Very close Stoploss is Enough
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Wait for small retracement & daily candle to close above - "42"
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This may be Slow and Time taking stock, but good for investment Portfolio.
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Enter after market Breaks
"Yellow box" mentioned.
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Don't make...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is...
Daily and 5-minute time frame charts for Bank Nifty and provide insights based on those.
1. Support and Resistance Levels for the Next Trading Day:
Support Levels:
Immediate support: Around 53,870 (as seen in the 5-minute chart, the price bounced from here during the intraday session).
Stronger support: Near 53,600, which aligns with the previous breakout...
Navin Flourine CMP 3361 - Investors
Elliott- all C wave corrections have 5 waves. The 5 waves are over. Hence the impulse wave has again started. This will be the 3rd wave and will be a strong one.
Fibs - the correction has halted at Fib confluence .That is a small retracement hence the trend remains strong.
RSI- at bull zone and above trendline is telling...
For short term investment ;
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Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
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Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade...
currently market is on extreme supply
if market breaks above 3000 we can expect level up to 3200
if else market can take a retracement for strong demand near 2800 or sell will be continued
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Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals...
