SHORT NIFTY with small Stop Loss lucrative Risk to Reward RatioNifty is showing weakness and a reasonable shorting is possible at this level, touched the ML, Fib resistance and bearish Candles formations.
One can short the Nifty with very small short loss of little above the current high and can expect a good risk to reward Trade.
Wishing you all the best.
Short
Nifty Swing predictionCombining Pitchfork and harmonics gives better results .
Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and
17k is breached then we can clearly see stronger move down side .. and the target is given on the chart ..
thats where the D leg started for the Gartley pattern and the target for that swing can also be seen on chart which matches perfectly with an error percentage of 10
lets see how it goes.
Another Possibility
PFC: Shorting opportunity on Daily TimeFramePFC is in a channel pattern on 1 moth TF since 2010.
On a Daily TF it is following a downward trend line and recently formed a bearish engulfing candle at the trend line, so it could be a good opportunity to short.
Short term target: 104 (next strong support).
Long term target: 80-85 (monthly channel support).
P.S: If market continues uptrend then we might need to look for another opportunity on this.
short zeel Short zeel at 302.50
target 297
strategy rsi over sold slope declining time for profit booking pullback
use only small qty its a over positive and stock is also in news so dont wait too much book profit and get out !!!!
i've just took a small trade as experimental trade !!!!!
Lets see hope this works Good a from data no stock ended the market more than 15 % only happened when covid recovery
taking this trade from my machine learning A.I data driven approach like aladdin used by blackstone hedge fund company !!! more over they use for options with extreme capital !!!
Don't take trade its for my A.I data driven approach slope which actually represent the rate of change with respect to time taken , more calculus approach !!!
USDINR 25 Mar Expiry viewHi Folks !
USDINR is now seen in a crucial level near 76
* It has retraced only 38% from recent dip
* Retest done at previous breakdown level which was also a support level earlier
* Price also can be seen moving in a downtrend channel and now is at the upper level, having room to move downwards till the lower level
* Chart pattern : If we look at this retracement as flag, we can also say that it is a flag Breakdown and may also give flag target which is 75
* Indicators : RSI & Stochastic also supporting the Bearish View analyzed with points observed and mentioned above
Contra View : If this takes a support at immediate support level 75.5 and makes a double bottom ( reversal sign )
then wait for Break out of 76 to get a target of 76.657
No trading zone - 76 to 75.5
Strategy recommendation : Bear Call Spread
Plan your Trade ! Trade your Plan !
Bank Nifty - Harmonic PatternBank nifty had broken all the previous supports today and is expected to continue its down trend. As bank nifty is overly sold, a pull back rally can be expected before it continues its down trend. Currently, Bank Nifty is sell on rise mode and one can expect a reversal from the marked harmonic level.
TCS shortTrade details:
Monthly tf: Market reach the all time fib extension levels (1.618). possible to came for correction.
Weekly tf: sideways going on
day tf: market reach the day support but, still it not change the trend to up trend, still we have a possibilities to sell
Hr tf : day tf correction completed (0.328) and hr tf trend was changed.
HCL TECH BULLISHExpecting bullishness in #HCL_TECH in the short term untill it breaks and open & close candle formed below 1060 levels.At the same time Indian IT index took support around first level retracement area and its moving upside.Even though all looking good still Ukraine-Russia crisis hearing in our ears,so we should act according to global cues(Taking decision according to global cues is only for swing and short term trades).So as i always say whatever we do,must follow risk reward and money management.
For longterm its just a beauty to add on dips. Have a good trade.