WAITING FOR IT TO REACH MY TARGET. FIND ATTACHED CHART. ALMOST ALL OF MY CALLS IN JULY REACHED THE TARGET. BANK NIFTY CALL AFTER BUDGET DAY ON 07/07/2019 DID EXCEPTIONALLY WELL
CONTRA CALL IN LINE NEXT TARGET? WILL UPDATE SOON IF NIFTY DOES NOT FALL TO 10960?
1 NIFTY YESTERDAY CLOSED ABOVE IMP SUPPORT 10962 2 UNDER TODAY'S MARKET CONDITION THIS IS COMPLETELY CONTRA CALL. 3 YESTERDAY'S CLOSE IS IMP LEVEL. 4 THIS POST IS FOR STUDY ONLY.
SEEMS COMING DOWN BUT VERY STRONG STOCK SHORT WITH PROPER STOP LOSS
IDEA PUBLISHED ON 07/07/2019. PLEASE FIND THE ATTACHMENT.
1 HAS FORMED LARGE BEARISH ENGULFING OF PREVIOUS BAR. 2 HAS NOT YET CROSSED 200 DAYS SMA. 3 TREND LINE NEAR BY LIKELY TO OFFER RESISTANCE. 4 BREAK DOWN OF NIFTY MAY TAKE IT TO TARGET 1 TARGET 2 AND TARGET 3 AS SHOWN IN THE CHART. 5 IF NIFTY SURVIVES TARGET 1 AND TARGET 2 UPSIDE POSSIBLE AS SHOWN IN THE CHART UPSIDE.
WITH STOP LOSS AS SHOWN IN THE CHART FOR THE TARGET 1 AND 2
1HOW EVER PRICE HAS BOUNCED FROM NECK LINE 2 THERE IS DIVERGENCE BETWEEN PRICE AND OSCILLATOR(FROM LEFT SHOULDER AND HEAD AND HEAD TO RIGHT SHOULDER) 3 INFOSYS BEING A STRONG STOCK CAN ONLY BE SHORTED IF ITS PRICE CONVINCINGLY BREAKS THE NECK LINE FOR THE TARGET SHOWN IN THE CHART.
IDEA WAS PUBLISHED ON 07/07/2019
1 AS EXPECTED EARLIER NIFTY HAS STARTED REVERSING FROM PRZ ZONE 2 CONFIRMATION OF TREND REVERSAL IF NIFTY TAKES OUT RED DASHED LINE. 3 PLEASE SEE THE ATTACHED CHARTS 4 PLEASE CLICK LIKE IF YOU AGREE WITH ME. 5 PLEASE FOLLOW ME TO GET RECENT UPDATES AND RECEIVE TRADING IDEAS HERE.