Rudved

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QQQ rose steeply due to great earnings response from Apple and jobs data today. We are currently at the 61.8% (435.52) of the earlier down move. Huge gap (427 - - - 434.50) left out due to the premarket open moves. Great trade with a good R/R Entry at 435.52 | SL 436.75 | TP 431.23 Careful around the 433 point as we may take support days low (since opening) PS...

Rudved Updated 

We have seen resistance for NVDA at the 860 Levels which also coincides with Fib levels of 857.23 (23.6%). Close above the 860 mark in a 15mins timeframe will be bullish for NVDA for T1 888 and T2 of 924 Plan invalidated if we close below 840 in 15 mins TF. PS - Ideas are for learning purposes, not a recommendation to trade. I am not responsible for any profits...

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After a big sell off that came at 18350 level down to 17000 level last week, we have seen good bounce back due to mag 7 earnings. We are currently approaching the previous support level of 17800-17850 levels, which I expect to turn into resistance now. Coincidentally Fib 61.8 level is exactly in the same zone at around 17825. Will be looking for a short...

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** Be Extremely careful with your entry ** (For Educational purpose only) Trade activates only post 43200 breaks on the downside. RnR would be great when (If) this trade activates, Targets are the respective lower highs of the wedge. IMPO was expecting a upmove today, which did happen in the morning. Entered 43200 CE and existed the trade already at 43450 which...

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Hello Everyone, The chart is pretty descriptive, but do let me know if you have any questions. On Friday we had a clear breakout failure at an important fib of 38.2 and Bank Nifty bleed for the last session showing clear signs of selling pressure. No longs before an hourly candle closes above 36900, Until then we will look for selling opportunities until the...

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Happy Weekend Everyone ! We have already breached 50% Fib on all time frames, so any upmove should start from 61.8 Fib or lower. Strategy for Monday - Sell on rise until 34850 (T1) If we breach Fib 61.8 as well on the 1HR TF we can add more to the position for target 34000/33000 Trade with a SL and avoid any Long positions for next few days until situation is...

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Nifty seems to be at the top of its bull run and Bank Nifty has not shown promise of upside due to the sudden falls seen. No Clear direction in Bank Nifty, on the Hourly TF there is a Head and Shoulder pattern forming. Support Resistances are marked on the chart. Head and Shoulder Pattern: In technical analysis, a head and shoulders pattern describes a specific...

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Extremely important to wait for the confirmation from the levels. A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.

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As expected due to the RSI divergence as well as to retest the resistance we broke yesterday, we retracted about 300-400 points. Check my last post, I had predicted a retracement until the trend line. The rally should continue towards ATH since Nifty is already at its ATH as per the Dow theory mentioned below. However if the global que turns negative due to the...

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Checkout my post from 25th July 2021, Nifty is exactly following the path I had predicted. Although Nifty is well within rights to keep going up, Bank Nifty may see a small retracement which will reflect in Nifty too.

Rudved

We have been in the same range as yesterday (Consolidation Phase) Expecting a big move (400-500 Pts) once the range is broken - No Bias Patience is the Key ! Wait for your turn :) Happy Trading Folks !

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Trust the channel and don't prethink a bias and wait for the right time. Utilize the 15 mins candle to avoid false breakouts which are getting common these days due to liquidity and margin changes. Analyze for yourself, this is my personal opinion. Please like the post to keep them coming and Let me know if you have any questions. Markets are designed to take...

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Levels mentioned in the chart. Please analyze for yourself before taking a decision. This is my personal view only, not a financial advise.

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We are stuck in a range since past 2 months. Breakout or Breakdown will start a fresh directional view. For now, we need to be cautious and use strict and trailing stoplosses for either directions. Or better yet be patient and wait for breakout/breakdown. Markets are designed to take money from the active and give to the patient. Trade at your own risk, this is...

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Chart says it all ! Be patient and do not take chances inside of the support and resistance marked. We should see a good move on either side if a 15mins candle closed on either side. Please decide for yourself, above is my personal opinion.

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I am planning to wait and watch since I am still learning Fib. What is your opinion ?

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Bearish Divergence in Display and 15 mins chart shows head and shoulder pattern.