Hi Friends, I hope you guys have noticed the previous post about using Patterns insync with Wave theory. When I posted it on Sunday, the triangle had spill outs and looked bad, now take a look at above chart after 4 days , I just marked out the triangle its almost perfect formation here in Nifty. Let the Nifty consolidate as long as it wants to, patience is your...
Hi Friends, From today I'm going to post trade setup named as "B Plan" on Nifty SmallCap stocks & those posts will be tagged as "B Plan" . I'm really excited that I'm gonna share something very unique with you. A type of trade setup which I held close to My Heart for so long, even now I'm oscillating about should I share this trade setup or not. Bcos, it's...
Sometime cypher gives inverse Risk:reward but worth it Though we get few points in patterns, their success ratio are higher than most moving avg based techniques Check your cypher ratio's n enter the trade Prev.post ( Let's Ride the waves ) - still valid I will be out today, so there won't be more post for the day, Sorry Guys ! Happy Trading !
Its a Game between triple restest of support zone & Descending triangle. Whether this support holds & send price back up or descnding triangle breaksdown, let's wait n enter the trade in Reliance. Happy Trading !
Neckline of this head n shoulders pattern is about to get breached and SBI is just hinging on slight support zone around there. We don't know how the markets gonna open today & Nifty also plays a part in opening,so it may be repelled up or can breakdown.We will enter this trade setup only if SBI has valid bearish close below 254 and when the price pierces into the...
The plan is simple here, just we are gonna enter CIPLA in breakout direction... Happy Trading !
Happy Monday Friends ! Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience. Let's check our surfboards right away & get it ready to surf along Nifty waves... Next resistance level for Nifty around 8800's...
Hi Friends, We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade....
I feelchart is self explanatory, if you need any explanation feel free to leave a comment.. Note : Browser crashed when I tried to publish ,so I'm not sure whether its repeat post or not, thats why posting again ! Happy Trading !
With this rectangular range trade setup, its 8th rectangular range in last 10 days if I check my trading journal. Either Fx or Nifty 50 markets are offering us lots of ranging n breakout pattern trades for past two weeks. Yes, few of them failed but winners overshot losers,just like that. I'm looking out for this rectangular breakout in Infy and will be watching...
Bullish flag breakout thats what we have in BankIndia (Bank of India). When we look at the chart it looks like early breakout and easily it cud have moved within flag zone for few more days. Just above the flag prev resistance zone 113's-120's but breakout patterns carry huge momentum with them but Nifty doesn't make newer highs which makes us think whats gonna...
Wave 4 is well within 50% Fibs of wave 3 but a gap up open may spoil the plan, but if we get proper open in our zone and valid confirmation, we can enter short positions towards 490's. Tatamotors chart almost looks similar to our Nifty. Happy Trading !
A lot depends on today's open whether to trade this setup or not to trade. If there is Gap down below our zone trade become invalid in LT or on bearish close - no trade. If we get pullback on 15mins to our support zone or open near our zone it will be awesome risk : reward setup to take the long trade in LT
Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are...
New day but our frequent offender is back. Yes , its rising flag so we are expecting breakout to enter the trade in SBIN. Probably nifty will be the decider for SBI's direction today, so lets see Happy Trading !
Simple patterns are the ones which I like to trade the most, bcos they give you clear idea of what to instead of complex things. Here we have bullish flag in LT, so I expect the usual upside breakout but will take downside trade also if breakout happens otherside. We are in bearish trend also, R3 will attend his last policy meeting today, only banks will be...