abhi.rus

abhi.rus

Breakdown for lower trend line can take it dow to 423.

abhi.rus

Looking forward to follow the path. We almost also have a double top(@169.55).

abhi.rus

We have started downtrend and will head lower. However minor upside should not be ruled out.

abhi.rus

Elliott wave seems to have completed which should result in breakdown.

abhi.rus

Probable targets mentioned on charts as per rising wedge breakdown.

abhi.rus

A very likely scenario for nifty course over next few weeks/months.

abhi.rus

Long idea as shown on charts. Shows aggressive entry point for long side with high risk:reward ratio, in our direction.

abhi.rus

Elliott wave seems completing wave 4, with 5th wave target near upper channel boundary.

abhi.rus

Follow chart levels

abhi.rus

With formation of channel/pennant/triangle in the ongoing downtrend, the nifty will move as demonstrated on the charts. Care should be taken to enter on confirmation of trend lines break.

abhi.rus

Per the mentioned charts, a trade can be taken as mentioned on charts if it breaks out prior day's high for some good profits with a favourable RIsk/Reqrd ratio.

abhi.rus

We have come over (11,850-11,250)=600 points from top, and should get some possible pullback. With no further down movements, we can enter the trade per the lines mentioned on chart.

abhi.rus Updated 

Levels marked on chart.

abhi.rus Updated 

As prior expected Nifty has come down to and below 11500. With completion of this downward move, H&S seems now seems likely on Nifty. The target is marked on charts.

abhi.rus

Looks like we are completing H&S on Bank Nifty. With breakout and test, the target should be easily met as on chart.

abhi.rus

The Nifty Still follows the triangle(With slight modifications), thats what trading is about, YOU MAKE BEST OF WHAT LIFE THROWS AT YOU. It's seeming to complete the patter and ready to breakout. For Bulls, Long above 11740 levels for 11930 levels with SL, 11705, CMP: 11720 For Bears., Sell below 11705, for 11550 levels, with SL, 11750, CMP: 11720 Triple...

abhi.rus

The traingle formation still stands perfectly and hit both upper/lower lines intraday. With Harmonic might fall to 11706 levels before breaking out of triangle with following targets. {Long for 11900 - 12000 levels } {Short for 11550 levels} The market bias/articles/news all seems positive, however better to trade breakout rather than being taken for a ride...

abhi.rus

The breakout of triangle will help determine trend the following week. Levels shown on chart.