The_SharkTrader

The_SharkTrader

1. Nifty is at ATH 2. Chart is in line with index, but yet to make new ATH 3. Risk to reward is great 4.1:20+ RR trade set up if able to ride the full trend with partials if not full

The_SharkTrader

1. Breakout with 8 months consolidation 2.Trend is bullish in all time frame 3. Multiple confirmation on charts and probable bigger returns set up can be seen

The_SharkTrader

Banknifty is moving very slow compare to nifty. Nifty has reached its target of the consolidation zone range it was trading in last week & before its breakout. Banknifty is yet to reach its consolidation target range i.e 45600 levels. Best way to trade for this target is keeping friday's low as SL and targeting 45600. However on intraday' wait for a dip for...

The_SharkTrader

Nifty is at ATH, a pull back is due is was everyone is expecting Therefore, market will not give a pull back and keep hitting SL every time retailer's make short positions. Trading a pull back could be risky as it will be against the trend. It's a buy on dip only way to trade in favor of trend.

The_SharkTrader Updated 

Nifty is at ATH but BN yet to close above ATH. It still shows the attempt buy bulls, but struggle here is for real. there is a possibility to open gap up go lower on intraday and then reverse from resistance turning to support and close above ATH. combining it with nifty a pull back for retest is due, so that makes sense. Let bears digest the fact they failed,...

The_SharkTrader

Nifty is trading ATH, now price can go higher or give a pull back to the earlier resistance and again starts its upside rally All we need to do is wait and not chase the price. Place trade only near to support or resistance

The_SharkTrader

1. 2 Years consolidation breakout 2. Trend in bullish 3. Market is at ATH 4. 1:4.75 RR trade set up

The_SharkTrader

Finally nifty has confirmed breakout at ATH. Technically target is coming 21000+ This is index, imagine the kind of returns you can generate in stocks Aline your stocks with Index and get multi fold returns

The_SharkTrader

1. Price is in consolidation for 2 years 2. Market has broken its ATH resistance today, that will lead to many stocks to come out of consolidation. 3. This could be one of the stocks 4. Follow SL on weekly closing basis to trade 1:7.5+ RR trade set up

The_SharkTrader

1. Trend changed 2. Breakout confirmed 3. 1:6 RR trade set up 4. ATH is the first target 5. 400 Levels can be the next, depth of the rounding pattern after completion Please follow &like & share for more analysis.

The_SharkTrader Updated 

Chart show trapping for sellers It is creating confusion to hunt stop losses. If you just watch closely, you will notice a sharp move will hunt the SL's above the trend line if price has to fall it will not fall easily, it will trap sellers too. direction is still dicey, small scalp trade set up would be a wise thing to do Do not sell near Trendline, it most...

The_SharkTrader

Banknifty is creating trap & it looks side ways to bullish as yet Considering current price action,it will create a trap for sellers most likely & hunt stop losses With calculated risk we can get a target of next resistance, Now do not simple enter at support unless you see price showing any kind of reversal or consolidation and then breakout on upside

The_SharkTrader

Nifty on intraday looks sell on rise but CMP is trading at support Major trend is bullish we can follow a simple step buy at marked support & sell at marked resistance with 10-20 points SL and 1:3/4/5 RR trade

The_SharkTrader

Nifty price action is more clean then banknifty Banknifty can have wild movement as its more looks like trap, where nifty has its clean support and resistance. We will follow a common basic fundamental rule to trade i.e buy at support and sell at resistance. Major trend is bullish, intraday movement can be both ways, but with proper risk of 10-15 points we can...

The_SharkTrader Updated 

Banknifty is heading toward ATH once again structure is bullish the more time it spend near to it, resistance will be weaker we can see new ATM in coming days Buy on dip should be the good trade idea.

The_SharkTrader

Nifty is holding at upper levels A good formation of Cup & handle Buy on dip would be more easier to trade but if you are experienced trader both side momentum can be caught with 10-15 points SL

The_SharkTrader

Nifty again bounced from support Bulls are dominating, but holding at upper level is important to break ATH and make a new high. Since momentum are coming 100 points, that means volatility is increasing. So play only around the support and resistance. And most importantly say NO TO RANDOM TRADING.

The_SharkTrader

Today banknifty again recovered from support same as on 15/06/2023. Which makes support little dicy, Banknifty intraday can be played out with good 1:4/5 RR around the support & Resistance. Bullish trend changes only above 44500 on closing basis for a day or two.