As per previous update-- I am waiting for a pull back in the zone 8550-8570--which is my sweet spot (Gulab Jamun Zone)..Hope so we have that much appetite & can digest one more ..but have patience...I learnt this lesson of "having patience" in almost 7-8 Years....On a lower degree we have formed a bottom@8490...Here onwards...we shall look for a bounce in the zone 8550-8570...if you want to trade from top...
Trading Strategy 1- Let nifty bounce to the zone 8550-8570 with strict stop loss@8597 --Look for 8430--8440 ...This is for Risky Traders who can afford to lose 30 odd point as stop...
Trading Strategy 2- If Nifty Breaks 8490...Look for target 8430--8440 with strict stop loss@8566....
Regards,
Abhishek H. Singh, CMT
Trading Strategy 1- Let nifty bounce to the zone 8550-8570 with strict stop loss@8597 --Look for 8430--8440 ...This is for Risky Traders who can afford to lose 30 odd point as stop...
Trading Strategy 2- If Nifty Breaks 8490...Look for target 8430--8440 with strict stop loss@8566....
Regards,
Abhishek H. Singh, CMT
Trade active
12:35 Hrs--IST--22nd July 2016-- Session High-8538-------Trading Strategy -2.....I am modifying it --to sell below 8470...as compared to selling below 8490...Regards...Trade active
13:50 Hrs--IST--22nd July 2016-- Session High--8543...Close to A-Wave Top..Current Rate--8528Note
14:20 Hrs--IST--22nd July 2016--Current price--8541...Session Low--8507...Please do not trade...Its all risky & very volatile..Even Experienced guys get trapped...Let it fall first or come to top zone as per trading strategy -1...where one can take risk of 30 odd points then only trade. Regards, AbhishekTrade active
14:30 Hrs--IST--22nd July 2016--- I cannot update faster than market movement...but still I guessed it correctly A-Wave Top@8543...Then a fall in B-Wave--8504....Then we are heading for C-Wave ...Which will kiss our trading strategy-1 ...where are already planned for selling...as per morning updateNote
Sorry for typo--"where we have already planned for selling"Trade active
15:15 Hrs--IST--22nd July 2016--- C-Wave is still incomplete....this could be a possibility of opening gap down...but we can't do much ...Yaa ..if we get a chance to sell in the range 8550--8570...strict stop loss --8595 + 2 Ticks...Have a nice weekend...Regards, Abhishek
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.