Time cycle can be applied on any chart, it gives you approx zones on time axis where you can expect low or high... This is not for trade decisions, just shown Time cycles can be used if you are interested... Happy Weekend,Enjoy... :)
Probably this post for Nifty is the most delayed chart I ever posted as its usually around 9 am for Me, to post it out ! Just held up with few other things...Back to analysis ! We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves...
Hey Guys ! Hope you're doing awesome :) In trading decision's there is No grey zone, Call it Black or white , That's the Game here in Trading. Most people get confused while taking a trade decision bcos they mix up various factors & attain Grey zone , so they can neither call it Black nor white & convince themselves for taking trade on one direction & eventually...
If we cud have been earlier might have caught that flag breakout, well we missed it ! Not a prob, another setup in formation, lets see how that goes !
When Nifty formed that Double Bottom around 7800's most of the retail traders would be suspicious or even thought it might go down a bit bcos we have seen so many double bottom;s fail, so now also it will fail, but what happened after that was exemplary bull run to 10k's & Many don't forgive themselves even now for not buying there. So Buying at Exact Lows &...
i) Nifty getting out of this range decides the Game ii) An upside break can be false one in all probabilities iii) Downside breakout will gives a complete Ranging market
We never know whether the support is taken & infy revives to upside or not, only after it happens we will know that. But our trade plan is if at all the support breaks lets try short on Infy towards 930's
In Gail the upside move will be more clear only if 386's zone convincing get crossed but we are entering based on Breakout & the pullback from today's high ( 5 mins can't be posted here ), so with the same triangle logic entry. But for few the uncomfortable thing here is, it didn't cross the resistance zone ,so doubts will arise. When uncomfortable or doubtful...
After Retesting the zone of 397's , expecting Castrol to move further down towards 387's zone. The trade setup is simply based on Support turned Resistance Retest, will see how the trade pans out... !
Yesterday's afternoon session was good consolidation and on range break in Tamo, we will get good downside move. The trade setup gets invalidated if price crosses above the resistance zone 443's convincingly but we will be watching for reversal around the resistance zone for downside movement. Both ways are mentioned on chart, if all goes as planned we will be...
Apollo Hospitals can be traded two ways : i) On Pullback Entry which is shown as above , its not active yet. Only if we get pullback it gets activated. ii) Can be traded as breakout from triangle, but the problem is when you get aggressive with your entry Risk gets wider, so you need to move it up above 1265's zone Let's see whether we can get high without drugs... !
Tomorrow being RBI day its usual for Nifty to give only scalping trade chances. We slightly have a different view from yesterdays but still in-line with what we are expecting with Nifty.On lower timeframe's scalping chances will arise whether its move till 10110 or on bearish reversal with formation of double-top. Be conservative on the formation of double-top...
In Cipla chart we clearly had new high formation breaking previous resistance & we had a slight pullback to a support zone. Till 555's zone Cipla the pullback zone can be extended but we never know what Markets gonna do, So planning your risk:reward is vital here. As per your trade plan, check what is your risk depending upon that take entry. One of those...
Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above : i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine. ii) If you don't trade simple patterns, then you can consider this as simple...
In SBI, we have perfect-potential cypher formation if all goes as expected we will be getting reversal around the 305's zone to downside. RSI also looks bit oversold but on cypher completion it may go well above current levels. Aggressive traders can enter Right on touch of 305's zone Conservative traders look for additional setups in the zone or an reversal...
Hey Guys, Happy Trading week ahead ! Before getting into title part, lets deal with what's in Nifty chart. As of now, I'm expecting two scenario's i) Either a pullback to 10070's zone & move to downside ( shown above ) ii) A straight down move forming double bottom But note that in both scenario's I'm expecting retest of the 9950's. If it all it gets tested n...
Usually people call it with many other names, but anyway its one of the indicators developed/used by Bill williams & as any other strategy if you apply with proper plan you can win most of the time & make money. It depends on how you apply & if you have bit of coding skills, try it out with trade signal generation in Pine script. Happy Trading :)
Happy Weekend ! Hope you are all having relaxed n fantastic weekend... Why, we need to say bull run is over for the year when Nifty is predicted to touch 11k by end of 2017 ? We will discuss the various factors taken into account & go one by one but do remember this is not trade setup, just an analysis so the result whether it happens or not , Never gonna have...