Go ahead n check ur plan before the trade :)
Enter the direction of breakout , usually rising wedges breakout to downside, but lets see. The advantage of anyside breakout trader and not guessing direction is , you can make money on anyside even if one side ( false break ) happens.
i) If you get bullish entry setups on lower timeframe, take that till 200's ii) If there is bullish breakout, trail stops n enjoy the run. Else book profits, if 200 not broken
A close above 1071's will make it fly like anything, lets see what IGL decides to do !
I hope we know the rules how to play, else refer Tatasteel & India Cements post. Happy Trading !
Look at the black trendline I have drawn, it's so steep almost like 80 or 85 degree. Very Bullish move without any retracements. By the way, I'm very curious and interested to know whether any Gann Guys predicted this steep move this week with time frame too ?, that would be superb prediction from Gann angle ! i) Clearly, another Bull Day expected as Nifty made...
This one is Ascending Broadening Wedge here in Banknifty and time is not ripe for its breakout yet, probably up side trendline needs to redrawn depending on todays close ( if positive ) but this is not yet ready for breakout. So go on 15mins in Banknifty and find trade setups to take trading decisions. For expiry, will post out range by 2mrw, yet to do that part...
I think , as assured I have fullfilled Bprime, BSwing & both Index ( Nifty & BankNifty ). Happy Trading :)
It's Summer and our animals are looking out how to survive. Clearly Bears are on the losing side with global markets and Indian economy boosting all up, Now its not the time for bubble burst. Looks like another Bull day.... But Crabs to can ?! Lets watch Nifty... 9300's for sure I believe Keep Supporting :)
Why there is no mention about bulls even if there is 3 supports in Infy ...somewhere I feel IT sector is still weak. Anything can happen...
Detailed explanations above :) Keep Supporting & Never Quit Learing , All The Best Buddy's :)
So harmonics works this time ? Our Morning Bull run over in Nifty...
I planned for so long to post on stocks for Intraday but getting enough time now only to post on these stocks. But as usual not with exact Entry,Stops,Target bcos : (i) You see the setup, go down on timeframe, check Entry possiblities (ii) Plan your stops , targets n Entry Before taking the trade check ur plan :)
BPrime Points : (i) These setups are formed/drawn on 5 or 15 mins, so when 5mins chart posted on 15mins it will be different. (ii) After undertstanding the setup go down a timeframe (5mins) & see the exact setup (iii) If the post seems cool n good for your trade with respect to your plan fix Entry,Stops,Targets (iv) Trades holding period : Intraday or max.2...
The extended Bull run may have a hearty laugh at bears today unless the market opens gap down or break of trendline happens. Nifty is expected to go around 9180's n face resistance , with some bear confirmation , short positions can be initiated. But the Bear trend gets confirmed on break of red trendline. Else, Bulls will close the market with extended rally...
Previously we had this setup on swing trade, its target over, now we get a chance on pullback, if Market , I mean Nifty gives really a move to downside, this will be intraday setup !
First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene. (i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down (ii) Touch n Play with trendline from Downside & Straight move to down Today weekly expiry right ? Extreme guess work, BankNifty may reserve...