Sniper-Traders

Sniper-Traders

Considering that the recession scenarios have not subsided we can maybe say that situation A is more likely to happen. But we can also consider that the worries about the recession are already priced in and the market already factored in the worst. In such a case situation B also have a possibility. What is your take on the same?

Sniper-Traders

Oil price and US Treasury bond yield are rising and there is not much positive news related to peace talk coming from Russia and Ukraine. So there are chances for some kind of consolidation around the current levels. If a crash happens, like the previous 2 times, when a bearish engulfing candle formation was seen, then 16500 will be a crucial level to watch out...

Sniper-Traders

Although I do expect that a faster recovery is possible in Nifty, this will be due to the cheaper valuation and the retailer capital flowing into the market. But the global economic scenarios and fundamentals are not that positive. Given the situations and economic impact due to the ongoing war and also the rising inflation, there is a high probability that the...

Sniper-Traders

Market is in an all time high and is approaching some key psychological levels. We can clearly see the momentum fading away and price getting extremely corrective. There is a very high probability for the market to reverse somewhere around 16,000. Being extremely cautious and taking a step back from the market.

Sniper-Traders

Market is not showing enough momentum to the upside and is corrective sideways. There is a higher probability for one more sell off in the near future to the lows.

Sniper-Traders

Buying BTC at around the current levels. There is a higher probability for a demand in these levels and the market to rebound. But I do expect more correction and is also prepared to add on to the position as price structure evolves.

Sniper-Traders

February was not that profitable a month for the strategy. Had a losing streak in this month.

Sniper-Traders Updated 

Will be taking the first position around the bottom levels, i.e; around the buying zone mentioned in the chart. Since the market is very volatile and highly speculative, there are chances for more crash in the coming days and is totally aware of that. Will considering adding on to the position if that happens, at appropriate levels.

Sniper-Traders

Price has moved up significantly from the crash that happened a few days back and is approaching a double top level. There is not enough momentum in the market and the move is not impulsive enough. There is a higher probability for a further sell off from those levels unless a major buying pressure comes into play.

Sniper-Traders

Buying N100 ETF at the current levels, targeting the highs for a profit of about 10%. Will be adding on to the positions at the subsequent levels if price falls.

Sniper-Traders Updated 

It can be clearly seen from the price structure that the market is not moving up with momentum. There is also the formation of a head and shoulder pattern. The double top levels may act as a resistance and there is a higher probability for the market to reject from those levels and form a reversal and move to the downside.

Sniper-Traders

All the possible entries during this period are considered.

Sniper-Traders

Both bomb and bullet entries are included in this backtest.

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Fundamentally I don't believe a move like this would happen, considering the rising cases of Corona and the hit that this would cause to the economy. But technically there is a potential for the price to move to the upside and move up-to the top of the channel or at-least cross the double top levels and then fall back.

Sniper-Traders

If the profit was booked when 3% was reached then the result would have changed big time.

Sniper-Traders

Expecting a bit more fall to the downside towards the low of the channel. Will be buying at those levels targeting the double top levels for a profit of about 20%.

Sniper-Traders

Both the bomb and bullet setups are considered in this backtest.

Sniper-Traders

Can consider for a swing trade with a stop loss below the previous low and targeting the top of the ascending channel for a risk reward of about 2.6.