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Sensex

Alert :: Nifty about to crackAlert :: Nifty about to crack Bears has strong chance to takeover by 14Apr or 17Apr 2017 Time to be Cautious Maths suggesting exit longs and shift your focus to bearish. i.e. By 14Apr or 17Apr 2017 NIFTY17APRFUT has strong chance of reversal from around 9330 level R3 - 9330 Zone S2 - 9250 Zone S3 - 9180 Zone R3 - 9330 Zone is good rollover risk reward area. Statistically in case this idea do not start reflecting in 4 days on closing basis, then scrap this idea. Means, in case you do not see any selling pressure creeping in coming 4 days then exit from this maths idea. This is NOT a time cycle zone, so levels has much importance. So probable levels are derived on charts for your reference (Blue) But will provide levels in live markets incase numbers are playing their maths Note: *Other Red and Green levels are only for Nifty_levels_to_watch_for_11Apr2017 Stay tuned. Please do Like and Follow Thanks, Please keep on booking profits. Happy Trading!
NSE:NIFTY
by rohitladdha
13
SENSEX - DOUBLE TOP + LONG-TERM TRENDLINEHere, I have analysed the chart of Sensex, where we see a few things : Firstly, a double top is forming very soon ( the white line ) Secondly, the yellow trendline has been very well respected till now. I have drawn vertical lines to illustrate that. You can very well see that price has reacted very well and except for few false piercings, it immediately took support on it. But in Jan 2016, it went below the line strongly and prices fell for a few weeks and later recovered. Again in Sep 2016 when it tried to cross the line, prices fell and continued downwards for a few weeks. And then we recovered. So now, we are very close to meeting that line again and possibly halting the bull run for a while. While I won't advise to build short positions now itself, do keep this chart these facts in mind to manage your positions well :) Cheers !!
BSE:SENSEXShort
by dravya
2
Timewave - how it is done - a sneak peakHi All, Many people wanted to know how time wave works, so here is just a sneak peak. I am showing here very long tern time fractal at play. Please remember that half knowledge is a dangerous thing and this is not even 10% of the complete methodology. Further this is very long term. So do not apply it yourself. As you can see on 4 mar 2015 Nifty was at all time high and topped out. Sun was at 319 degrees. Sun completes 1 cycle on 4th Mar2016 and comes back to the same place - 319 degrees. ( Of course we all know that sun takes 1 year to complete a cycle, but this is not so in case of other planets). And just 4 days before Nifty bottoms out. And starts rallying upward. So 1 time cycle of sun was also the 1 cycle for the market! Will share another one on Mars, if I get 100 likes on this one. Thanks!
NSE:NIFTY
by pankajvw
28
2nd Feb Nifty Timewave ViewHi All, Good Morning! So basically here, Nifty has turned upward just a day before the turn date of 2nd Feb. And is now all set for all time high in the month of Feb itself. People who followed me last year will remember that last year in June I had said Nifty will be bullish till Feb and will after that enter into recession. Same is playing out here. Next turn date is 6th Feb, and first target is 8883. SGX Nifty is  at 8704 and is 35 points down, and provides an opportunity to go long at the opening.  Stoploss could be maintained at 8650 NS initially, later we will raise it.
NSE:NIFTYLong
by pankajvw
19
Trader's Q and AA trader has messaged me privately, has confessed that for past 6 years he had been trying hard to make TA & Elliott Wave work for him and its not turning around and shall he continue the effort or drop it? Shall he entirely drop stock market altogether? Answer: Whatever I will say here I will say on the basis of my own direct experience, will say only the truth and will say it boldly and directly. If it hurts anyone here, my apologies in advance. In my own personal experience, TA and Elliott Wave both do not work. People pick them up, because they seem easy, in forums like these everyone is using TA tools like trend limes, indicators etc, and also every other blog is dedicated to TA and EW only, so beginners also pick them up. Herd mentality is at play here - "because every one is using it, it must be working". But unfortunately that's not the case. Any tool which is being used by 80% of the people in the market is simply bound to fail. Look at the truth, TA is more than 100 years old, and still in the top 1000 richest people list you will not find any TA! But you will find many Value Investors, and value investing is hardly ever discussed in forums and blogs! Its not that there is absolutely nothing in TA, there are indeed some methods which work, but they have some capital drawdown which requires you to manage money very strictly and properly. You cannot deploy more than 30% of capital at a time while using them. And when you do that you also bring down your CAGR, so much so that your CAGR becomes much lower than what is available in value investing. There is no wonder that Value Investors keep dominating the richest list! Elliott Wave also does not go too far. There is so much of ambiguity in Elliott Wave (and mind it, I know Pretcher's Elliott Wave, Neo lliott Wave and also Harmonic Elliott Wave) that experts always almost differ in their counting till the time the move is complete. If its so much ambiguous how will you make money using it? My advise is that after 6 years of losses, please better quit trading. There are other avenues in life where money can be made. Do some kind of job, save regularly, make FDs etc. But please for God's sake do not give away your hard earned money for free to others. Also check Rupam's post which was on a similar line:
BSE:MIDCAP
by pankajvw
19
Budget Day Timewave ViewHi All, News causes short term sharp movements which I call spikes, and Timewave can NOT predict them. After spikes are over market always resumes its normal course and does exactly what it was already set out to do. Examples are BREXIT Friday and Trump Tower. Today as well, there will be spikes and they won’t follow any level or TSL, but Nifty after these spikes will eventually bottom out tomorrow only. Dealing with this requires great patience which unfortunately average Joe trader on the street lack and go into panic state, books losses and takes position in the opposite direction. After BREXIT Friday almost everyone was short for next 1 week at least! Also, even if you have a successful technical strategy, your chart will completely get distorted and will not paint the correct picture. Ideally to deal with it, you shall edit the chart data such that no spikes are seen. So for an average trader, its better to trade as per their temperament rather than fighting with it. When we already know keeping patience is tough for us, and spikes will definitely be there, what is the need to trade? Better stay out, tomorrow is another day! So, today before 10:30 AM we will close our positions. After budget if we see a positive spike, we will short again. Otherwise skip the day, and go long tomorrow.
NSE:NIFTY
by pankajvw
20
Every Trader Just Needs One Good Trading SystemWe all start trading thinking that we will become at least rich if not super rich. But how many of us really are able to achieve he goal we have had set for ourselves at the very beginning. We read books after books on Value investing, Technical Analysis, Elliott Wave, so many other indicators, follow blogs and forums, and yet many of us still feel as if we are in a maze with little clue on how to get out of it. Had trading been so simple, everyone of us would have become rich. What comes in our way of realizing our dream is basically a good trading system. W e keep searching for one, try diiferent indicators, trendlines, channels, ellott waves, Fibonacci and everything else but sadly many a times the goal still remains elusive. How to find, evaluate and get started with a good trading system? This exactly is the purpose of my writing, want to share with you all the principles using which I found and built my own trading system Timewave. (1) First and foremost, always forward test the system before deploying any money on it. Everyone talks about back testing, but in markets things always seem easy when the move is already over! If you had been in trading for a little longer, you must have already realized this. By forward testing I mean test it in real live market. (2) Before you forward test, do some back testing, if its failing in the back testing itself, of courseit will fail in forward test as well. (3) If the system does give some losses as well sometimes apart from profits, which of course it will, then devise money management rules. Think if system does give 3 losses in succession, will you still have money to deploy to make it all in the fourth trade? (4) Maximize the percentage of winning trades and minimize the amount lost in loosing trades. (5) System shall not have any ambiguity. If taught to 5 people, they all shall arrive at same result. This is very very important otherwise you will remain confused during market hours and loose money. (6) Do not look for fun from trading. For fun there are other avenues in life. Looking for fun will promote gambling instinct in you and you will become a gambler rather than a trader who trades only for profits. Remember that gamblers seldom become rich. Pandavas have lost even their beloved wife in gambling (Mahabharat). (7) If you cant win against them, join them. If you find someone who trades better than you, is quite good at it, there is no harm in following and learning. I just thought it would be helpful for you to jumpstart your career in trading. Have a nice weekend! Regards, Pankaj.
NSE:BANKNIFTY
by pankajvw
16
NIFTY - POINT IN TIME It is been observed on the hourly chart that the price action trending aggressively up from 7900 levels to 8450 levels (550+ points). Now, it is consolidating in a range of 8380 -8455 (75+ points). It is facing resistance at 8455 levels and made a double top at the same levels. Now, it is consolidating in a triangle and further breakout shall decide the movement of the market. Action Plans: Plan 1: Breakout above 8455 levels, shall trigger buy to reach target 8520 levels. Plan 2: Breakout below 8400 levels, shall trigger sell to reach target of 8325 levels. I shall appreciate your views on it in order to bring clarity. Regards,
NSE:NIFTY
by NeeteshJain
26
Timewave - questions, answers and explanationsHi All ,Good morning! Thanks for all your inputs folks! I will find out a good tradeable trade and get back to you, will of course broadcast it to telegram and update the post here. In the meanwhile let me answer a few commonly asked questions. The current issue: Well there is nothing wrong in calculations. As most of you already know I use intraday/short term waves to determine market direction, what’s happening here is that intraday and short term waves are again and again taking a U turn in the middle. Yesterday I had shared 10:30, and that was high point of the day ( instead of being low). Day before yesterday I had calculated 12:44, and it was supposed to be high point, but it was the lowest point during the day. The time was correct in both instances. But mercury in Asc sublord’s position is causing it to take a U turn in the middle. So till the time this happens, determining the direction is very difficult. Breakout/Breakdown: These are TA concepts, in Timewave we are long or short much before a breakout./breakdown happens. The goal of Timewave is to become highly accurate predictive technology for markets. And to a large extent its already successful in that direction Timing the market is impossible : Even flying was impossible till the time Wright brothers finally after their repeated attempts made it possible.
NSE:NIFTY
by pankajvw
5