SELL BW 12913 - 12923 STOPLOSS ABOVE YESTERDAY HIGH. TARGET - 12860 (TRAIL AFTER TARGET) INCASE OF GAPUP ABOVE THE SELL ZONE WAIT TILL THE PRICE GO BELOW THE ZONE AND TRADE WITH STOPLOSS !
STICK TO THE NUMBER CONSIDER THE SELL NUMBER AS ZONE ...
GOOD MORNING GUYS :) THIS IS MY WEEKLY TRADE SETUP FOR NIFTY !!! ...PRICE ACTION...
CRUDE IS FORMING A SYMMETRICAL TRIANGLE LIKE PATTERN - AND REJECTING AT FIB 61.8 - 50 % LEVELS GOOD PLACE FOR SELL....CRUDE IS IN SELL TREND BETTER GO WITH SHORT'S... TARGET IS - 2800 STOP ABOVE - 2984
BUILDUP WAS VERY STRONG FORMING A TRIANGLE PATTERN... WAIT FOR THE BREAKOUT ...
SEEING THAT NIFTY IS FORMING A BEARISH HARMONIC PATTERN... DO STICK WITH THE NUMBERS!!! PATTERN IS ONLY VALID IF THERE IS A FORMATION OF REVERSAL CANDLE AT THE LEVEL OF PRZ...11650-11700 (THIS NUMBERS ARE IMPORTANT) FOR SHORT TERM POSITIONAL.. DO YOUR OWN ANALYSIS BEFORE TAKING THE ENTRY!!!!
PATTERN IS VAILD ONCE PRICE REACHES THE PRZ BUY 2921... SL AND TARGETS WERE MENTIONED IN THE CHART... TREND LINE SUPPORT IS THERE FOR ADDITIONAL BULLISH CONFIRMATION....BREAKING DOWN THE TRENDLINE WILL LEAD TO A DOWN MOVE... DO YOUR OWN ANALYSIS BEFORE TAKING THE ENTRY...
I HOPE YOU ALL GET MY VIEW ON NIFTY... IT WAS HAPPENED IN 2018 AND 2019...WHY NOT IN 2020 ? ...LETS SEE
BREAKOUT ABOVE THE RANGE IS NOT POWERFUL... RSI SHOWS DIVERGENCE AND VOLUME IS NOT ENOUGH THIS SHOWS SOME WEAKNESS... BREAKING BELOW THE RANGE TARGET 1 IS GIVEN...10500-10550 RANGE