Hi, Thanks for your response to my previous post which actually made profit for some traders. Expecting similar response for this post too. So the rally did come, as per expectations, which took the index from 10701 to 10809 in just two trading sessions. However, it came back to the same level of 10711 and faced a hard push to 10837. Was it just short...
Its difficult to spare time for publications. But 'we--the authors' can't resist to share interesting thoughts. I usually ask readers to 'hit the like button' b'coz that motivates us to write more robust analysis. So keep supporting and i ll keep sharing the scoop of knowledge that God has ushered upon me. I could have just marked an arrow on the chart and said...
Plan on the chart. Sell below the trigger for mentioned targets with stop above 917. Regards
Notes on the chart. I like the price inside the channel so the trade will be invalidated below the channel. However, look for an entry as per plan on the chart. Trade safe, stay healthy :) Regards
The uptrend line has been touched and held. Price is near a Bullish Bat completion. One can go for modified traditional bat targets. Coz its a reversal trade, it would work only if market pulls back. For rest, the chart is self explanatory. Keep liking. Regards.
Readers can hit the like button, it does not cost anything but encourage authors to write more. On the larger timeframe there is another pattern sitting near the previous high made by BN, I ll update it in the comments. Regards
Hi In my previous post on the index, I presented a bearish cypher and three levels on the chart. The first and second levels got hit while the third one has not. It made a low at 10417 right at the 50% retracement level mentioned on the above post. Since then it has been reversing. What do I expect now? What I see on the chart is the formation of another...
Chart is self explanatory. Regards
Normally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames. In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the...
As this is a weekly chart, trade may take some time. Consider it a swing trade. Imp: Look for a bullish candle near 303 on daily chart and go long just above the high of that candle. Wait until bullish signal. Regards.
Notes on the chart Regards
Stock has been in a strong one way downtrend. Currently near a support zone of 1125-1130. This zone is quite important. There is 1:1 harmonic completion in this zone. Also 38.2% retracement of its bull move from 600 to 1450 falls in this zone. I am not expecting complete reversal, due to enormous strength in the current downmove, but a relief rally that could...
Hi, Publishing a bit late in this downmove, but we 'll discuss few opportunities on the downside. First of all Nifty managed to close above 10785, did not hit the 11000 target but 10929 instead before the giant Cypher nibbled the bullish move. We might have some downside left in this move but perhaps this is not the place to short. Traditionally the first target...
This is a highly volatile stock so risk averse traders can simply ignore this trade. Notes on the chart.
Notes on the chart. Regards.
I published Yes Bank long idea yesterday but mistakenly as a private idea. Rectifying my mistake. It would be interesting to see this idea in a negative market environment. Regards.
Just had a fake breakdown out of the pattern. Lets see how it proceeds. Regards