Wave Analysis
MARICO....DOWN....MARICO HITS A GREAT LEVEL....
CHANCES TO GO DOWN..BECAUSE..
THE SELLERS IS MORE...
MARKET ALSO....
OTHER INDICATORS ARE ALSO SHOWING A SELLING SIGN
Nifty Travelling in a Ascending channel patternBearish engulfing pattern in daily chart. Looking for the sell opportunity at 11775 for the target of 11742.
Did you sell Ultratech?What and where you could have sold it?
In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today.
What would be safe entry ?
After 1 hour of bearish candle reversal, we could have sold near bounce at 4670 with Sl 4707, now is divergence in intraday tf reliable for such big fall? Yes, if you know price action.
Let us see how we predicted this move -->
Here we predicted for upmove -->
Here we predicted overall rough picture -->
Regards,
Sharma Yogesh
Nifty - Budget 2019 -H & S-Pattern Failure at 11625
What is a trendline
A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend.
Trendline Rule
The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity.
Trendline can be a neckline / support line as explained in the Head & Shoulder pattern in current scenario.
Trading Strategy
Plan A
Sell below 11930 with strict stops above 11975 for targets
11875-11890
Below 11875 – 11830-11845
Plan B
Buy in the zone 11830-11845 with strict stops below 11800 for targets
11950-11975
Above 11975 – 12000-12050
Above 12050 – 12100-12125
Plan C
Sell below 11775 with strict stops above 11815 for targets
11700-11625/11650
Below 11625 – 11500/11525
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Previous Ideas
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29th April 2019 - How will you sell - X-wave mission
15th May 2019 - We got Gartley M
11th June 2019 - Head & Shoulder with Right Shoulder at 12000
Titan @ Crucial Point (Price >Time)TITAN is overshooting the price time channel, since these two component drag one another the price should come back within channel & average by hitting lower trend-line.
if you have any queries regarding above idea or any other stock feel free to D'M
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little masurement over the NIFTY will give big understanding.Everything is the chart, No need to write about it.
Hit LIKE button and Follow me.
Is it too soon confirm on Terminal pattern(3-3-3-3-3)Count will be wrong and negated if post move not confirming the pattern.
Nifty weekly View Education Purpose only
Refer Chart for level !!!
Expecting move towards new lower low..
Refer Previous week Views..
Descending channel predicted:
Again Buy Chance intimated:
Lastday Prediction went wrong:
Buy Chance in TATASTEEL ...Reasons:
1). In daily time frame found Morning star pattern at demand zone.
2). Huge changes in Volume, compared to previous days
3). Bullish pin bar candle in weekly time frame
Nifty weekly reviewNifty trading in a falling channel, Short term buy chance at 11630 with the Sl of 11570.
Refer chart for more undersatnding
Is it right time to buy this stock?The Control Price basically performing as pivot supports and resistance level on this stock. Therefore, the control price target is 1345 above.
You have seen in the chart, how a previous supports or resistance always give twist reaction so, safe first safe target 1339.
As a trader, start profiting booking from 1339 to 1347.
At value low, and excess plotted in the chart between 1293 to 1302.65 are a great range for Investors and Swing trader eye.
If you want to real-time ALERT for trade, just hit LIKE button for NOTIFICATION .
