W-m-pattern
Nifty : Upmove is near completion. Downtrend to 10800 or further
Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern.
All calculations are marked in the chart.
As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL TRIANGLE pattern will soon commence.
Second possibility of D wave completion is a Trendline resistance of 12800-12900 levels. In this case we may a fall in Nifty from 12 Nov 2020.
As E wave of this NEUTRAL TRIANGLE will traverse below 10800 before Jan 2021 .
Investors can invest to build a good equity portfolio during this fall.
Wish you all a very Happy Diwali and Happy Investing.
MOTHERSUMI | W Pattern + Trendline Support | Can see 10%MOTHERSUMI | W Pattern + Trendline Support | Can see 10%
CMP : 108
Target : 120
SL : 103
1:2.5 risk reward setup
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GBP/JPY: Approaching confluence level, what to do ? Hi guys,
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot + VWAP.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 60+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Trade at your own risk
EUR/JPY: I am a buyer.. Why? Hey guys,
Took a trade this morning on EUR/JPY. The reasons are the following:
- Resistance was broken and we see strong bullish candles on H1
- Price is above the daily pivot level, above VWAP and looks like it is also forming inside a flag
- The top of the flag is also a supply level = resistance
I am a buyer and will target 123.850 - 124.00 levels.
The R/R ratio for this trade is about 2.3.
Check out my previous ideas as well ;)
Trade at your own risk
Analysis - Pattern repeatCreated same pattern as before.
However, currently moving in a range.
Either side break might give a good opportunity. Worth keeping a watch!
EXIDEIND | W Pattern & RSI DivergenceEXIDEIND | W Pattern & RSI Divergence - Despite huge broad market selling pressure i see this stock is having good risk reward for long.
CMP : 154
SL : 150
Target : 168, 175
1:3.5 Risk reward
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.)
Those who wants to track those calls just message me through the platform.