Nifty forming a Bearish Bat pattern, 27th Aug what will happen?
تم تحديثه
Again one more profitable day added in the continuous profiting schedule.
Nifty formed a Bearish Bat in 1 hour time frame.
It will complete its D leg @11090 Spot Price.
One previous Trend line of the head and shoulder also will provide additional Resistance near the same price.
So nice formation for shorting opportunity, But the only problem with the positive news by Indian FM.
So what should be the strategy for Intraday?
Simple we will try to see a bearish structure near the zone 11090. The box i have drawn.
Don't miss this opportunity, if Nifty gives us by giving a lower low and lower close. I have given a entry and target in the chart, you can follow.
Sell Entry Spot price-11090
Target- 10990, 10930
SL- 11190 and trail.
R/R - 1:1
Cheers!!
Nifty formed a Bearish Bat in 1 hour time frame.
It will complete its D leg @11090 Spot Price.
One previous Trend line of the head and shoulder also will provide additional Resistance near the same price.
So nice formation for shorting opportunity, But the only problem with the positive news by Indian FM.
So what should be the strategy for Intraday?
Simple we will try to see a bearish structure near the zone 11090. The box i have drawn.
Don't miss this opportunity, if Nifty gives us by giving a lower low and lower close. I have given a entry and target in the chart, you can follow.
Sell Entry Spot price-11090
Target- 10990, 10930
SL- 11190 and trail.
R/R - 1:1
Cheers!!
ملاحظة
Lower low and lower close in 5 min time frame near 11090 will trigger the pattern.ملاحظة
If it gives a gap up then probably the same area will act as support.If it does not give gap up above 11185 then this analysis is valid. and can look for lower low lower close in 5 min time frame and enter short position.
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we will enter only when a lower low and lower close in 5 min TF is seen.ملاحظة
short nifty nowملاحظة
Nifty taking support So be cautiousملاحظة
book profitملاحظة
hold only 75 quantty aملاحظة
Entered Nifty @11101Exited - 11060
and holding 75 Qntty
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I am booking all profit now, Will enter once the trend line is broken onlyملاحظة
guys Who ever taken short position maintain the stoploss and the 1st target.it will give the target today,
ملاحظة
Sell Entry Spot price-11090 Target- 10990, 10930
SL- 11190 and trail.
ملاحظة
If you feel it is big stop loss then wait for my next postملاحظة
On the Red Trend line now it is taking support probably it will go higher price and come back, we will wait.ملاحظة
Shorted Nifty nowملاحظة
Future 11105ملاحظة
According to My analysis Market can correct 100 Points, Lets see, taken position as aboveملاحظة
It seems Good level of support is there @11100But still will hold it let's see.
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Anybody want to short Nifty short now.ملاحظة
In the retracement near 11110 Futureملاحظة
How is the josh guys!!ملاحظة
Booked all my profit 30k today,ملاحظة
I am a very safe trader dont want market to take it againملاحظة
market is bullish nowملاحظة
so much selling happening, be cautiousملاحظة
better not to enter tradeملاحظة
fight happening btw bulls and bears, lets see who winsملاحظة
today done with 38k+ total profit.I no need to brag or my profit will not help you anyways but it may give you confidence to trade with me.
Cheers!!
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