Amit_Ghosh

Amit_Ghosh Updated 

Note the Fibonacci Levels.

Amit_Ghosh Updated 

They have asked to buy right? I will say it will fall more till it's major support to bounce back. So why catch a stock is a downtrend when you can catch it in an uptrend?

Amit_Ghosh Updated 

Based on normal breakout strategies. Long Position Setup 1 is based on Newton Method and exit of Long Position Setup 2 is based on breakout confirmation.

Amit_Ghosh Updated 

It's Scott Carney's Harmonic Pattern CRAB. After identifying the crab pattern, a short position is taken at the low of the price at swing/pivot point D with stops at the high. The targets are 61.8% and 127.2% of the CD leg, which price manages to reach.

Amit_Ghosh Updated 

Now it is fueled with GST. Huge OI on 1100 Agreesive Short Covering spotted Volume Invitation spotted on Thrusday

Amit_Ghosh

Here is tick by tick example of interpreting flags.

Amit_Ghosh

Justdial is heading towards it's support aggressively. If support broken it will be free fall.

Amit_Ghosh

It's all about resistance and support points.

Amit_Ghosh Updated 

It's based on Newton Method's short trading setup.The Last candle crossed the newton line. If it fall below the swing low; short it with risk : reward 1:2.5 Let's wait for the trading opportunity.

Amit_Ghosh

Trading Opportunity lies on that violet channel breaks. It's currently inside a parallel channel with a possible bearish breakout.

Amit_Ghosh

These are the trades he done though. Zerodha Opentrade's time is fucked. It's in UTC. 03/03/2017 08:50 BOUGHT AXISBANK17MARFUT NFO ₹ 515.55 03/03/2017 08:50 BOUGHT AXISBANK17MARFUT NFO ₹ 515.98 03/03/2017 08:49 BOUGHT AXISBANK17MARFUT NFO ₹ 515.98 03/03/2017 09:58 BOUGHT AXISBANK17MARFUT NFO ₹ 517.2 14/03/2017 03:47 SOLD...

Amit_Ghosh

03/03/2017 03:48 BOUGHT BANKNIFTY17MARFUT NFO ₹ 20531.0 03/03/2017 03:54 BOUGHT BANKNIFTY17MARFUT NFO ₹ 20567.81 03/03/2017 09:55 BOUGHT BANKNIFTY17MARFUT NFO ₹ 20590.05 06/03/2017 03:50 SOLD EXIT PARTIAL BANKNIFTY17MARFUT NFO ₹ 20660.0 06/03/2017 04:00 SOLD EXIT COMPLETE BANKNIFTY17MARFUT NFO ₹ 20710.0 These times are on UTC. Please adjust with 5:30

Amit_Ghosh

Refer - www.elliottwave.net This is reverse symmetrical top rising Elliot wave. Please refer figure 18 there.