It's a triangle which we traded & trading a triangle is extremely tough but fortunate enough to figure out correctly, so entered at 8580 & exited at 8635 in the c-leg which completed
When we break 8540 -we will surely go down so let us wait for Monday 3rd Oct2016.
Regards, Abhishek H. Singh, CMT
تم فتح الصفقة
09:41 Hrs 3rd Oct2016
Gap Up Opening - Ok We open upside for the short term. I shall update once picture becomes little clear
تم فتح الصفقة
09:55 Hrs 3rd Oct2016
8700 was a good target on upside now we will look to buy if it retraces in the zone 8630-8645 zone
تم فتح الصفقة
10:20 Hrs 3rd Oct2016
Trading@8712 Do not jump on the calls looking that Nifty is running -you should wait for retracement which will give an opportunity to buy.
تم فتح الصفقة
10:27 Hrs 3rd Oct2016
Likely An Area of 8722-8726 could give temp halt to Nifty This will be 261.8% of lowest degree wave which started from 8555 bottoms
تم فتح الصفقة
11:10 Hrs 3rd Oct2016
High@8727
Price Kissed 261.8%- Waiting to see market action. If there is pressure in nifty likely we go & hit 8630-8645 zone.
تم فتح الصفقة
11:42 Hrs 3rd Oct2016
(3)rd wave = 261.8% of (1)st wave@8727-8730. First Support Level shall be 8685-8688 then 8630-8640
Warning- It should not go below 8617- which 1st Wave Top.
تم فتح الصفقة
12:45 Hrs 3rd Oct2016
Trading@8712
Nifty Holding 8700 for quite a long time. Likely That level should break downside
تم فتح الصفقة
12:53 Hrs 3rd Oct2016
Trading@8710
Avoid Taking Any Short Positions -Nifty Should Take out 8700 marks if at all it has to continue down
تم فتح الصفقة
13:35 Hrs 3rd Oct2016
Trading@8720
Nifty is Struggling on Upside. Likely its a risky call, but let us be ready as nifty could continue down once if it goes below 8710 marks. Top@8728 should not be taken out.
Look for break of 8710 & then put stop above recent high which will be 28 points
تم فتح الصفقة
13:46 Hrs 3rd Oct2016
Trading@8728
I am clear with my levels as said I won't take short unless first 8710 is breached downside -look it popped up to take the stop losses as so many guys might have put stops above 8727 -recent high
تم فتح الصفقة
14:05 Hrs 3rd Oct2016
From 8727 high - likely it could be A-B-C Structure in 4th wave. B-Wave was recent High@8732 (Might have taken a lot of stop losses). I have updated below not looking good to buy as these are irregular structures & they trap traders. Already we were out at 8710 range when updated earlier -to fall further it has to take out 8700 marks. We need a sharp fall below 8710-8700 then likely we go in the zone 8630-8640. Be careful with your stop loss levels.
ملاحظة
15:11 Hrs 3rd Oct2016
Trading@8739
As if I was fighting with the market see this is what one has to learn from markets unless key levels are broken trades could trouble.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.