I dont know most of the pandits in the stock market , but some how i have knowledge that helps me to be aware of possible moves
One of the hypothesis that every one wants to say or express is market repeats it self , but how ? is a big Question on real time basis to most of retail traders
As a professional we are trained to do the same using methods of wave...
If nifty starts moving upside from present level then 11893-11942 is immediate resistance range and positive only if stays above 11942.
On down side 11813-11733 is support range and if stays below 11733 then it can go below 11615.
Again Some time its so Complex in trading is most expert end up in thinking other way ,
One of the dangerous pattern is not visible on easily , and when you find more complexity , i am almost sure you will end up in against the market
in order to avoid it , Analyst / Professionals must always keep their views very sensitive , checking alternative...
While NIFTY is racing to fill a Common Gap below 11785, it has left one Common Gap above today's High open, which coincidentally includes an Island Gap (marked in Green) as well.
As shown by the parallel channel, NIFTY is most likely headed to 11500-300 Support Zone with 11440 being an important point.
A break below the rising Blue Trendline can shift the...
As per sine wave a analysis, now crude has enter in the down side zone and as per the gann angle it will move towards narrow downside range will see a crucial bottom level of 9-10 doller in april 2021.
(Nifty 50 positional analysis)
Now the market going to correctional wave 'B"
Scanning the wave 'B'
and its subwave 'C' is progress..
Its min tgt levels (12338 to 12454)
and additionally there is forming ( butterfly pattern )
its tgt levels 12536 to 12652)..
once the market will break the previous low (11908)
go for sell
Trend affecting factors:
Enjoyed the coffee this Sunday - time to to check the coffee in the cup
Buy close to 88 - keeping strict stops below 85 for 110
Buy above 110 for 120 & Above 120 for 140 & More
Plan C - Cup & Handle Pattern Target Activates above 168
Buy above 168 for 185 & above 185 for 250-260 zone & above 265 for 285-300 zone.
Secret to the bounce from 11910 lies in the history - If you are missing this point then you are missing the key aspect of being a good analyst
Plan A -
Sell below 12085 with strict stops above 12135 for targets 12010 / Below 12000 for 11900-11910 / Below 11900 for 11600
Plan B -
Holding 12085 - Current wave can extend upside to 12160-12180...
I am looking this could lead an expansion of the trend , One can look for trading with in this Zone ,
for me buy set up is yet to form as i am looking for one more drop in it ,
Look to enter with your own method of entry / Exit