As posted in my previous Idea post, The bullish Cypher pattern activated from the level it should. Check my previous post in the link i have given.
So what Nifty will do on 19th Aug?
A bearish BAT pattern is formed in 15 min time frame.
So what should be the strategy for 19th Aug for Intraday?
Sell nifty @11060-75 on a 5min lower low lower close formation.
Posted in my Previous Idea that if Nifty breaks 11000 it must test 10930 which it did, That was the target for my 1st post of Bearish Butterfly pattern.
Now Nifty is coming down to test 10925 again as there is a Cypher Pattern getting developed on 15min time frame, Once it touches it should bounce back 38%, 50% and 68% of AD. ie 10962,10992,11020
So what should...
As mentioned in my previous post the exact movement happened in Nifty 50 on 9th Aug, which was shared on 8th Aug.
You can check in my previous idea shared on 8th.
Please like share and comment to encourage, so that i will keep sharing my ideas on day to day basis.
In some Weeks i will share learning posts in my Idea board as well. All these analysis should be...
As mentioned in my previous post Nifty Bullish above 10882 which it did informed in my previous post, There is a pending double bottom in Nifty too. Now it is heading in the direction to form a Bearish Butterfly, See the chart for clarity.
For 9th Aug what should be the strategy for Intraday?
Nifty Should Test 11000-11014 Mark. If bearish structure is formed on...
There is a high chance of Reversal below is the analysis. This is for only educational purpose and is my personal view.
1.In daily candle Nifty is trying to touch the bottom(10782) again formed on 5th Aug
2.Since 8th Aug is Expiry there will be high volatility. The volatility may be more due to this double bottom formation and Bullish shark pattern.