NEOWAVE DIAMETRIC CORRECTION IN NIFTYplease study NEO WAVE'S diametric correction (Glen neely) ,I tried in NIFTY weekly clossing which is perfectly matching.
BUT he says intraday price levels are important, however I tried in daily, weekly clossing values which are predominant for more than a day.
'g' wave ending this week as per time cycle of 'a' wave , if it crosses 15687 (daily clossing), then 'g' wave will exend, otherwise pattern completed
Niftyindia
Nifty Deep Crab Harmonic PatternNifty is forming Deep Crab in 1 Hour and 2 Hour and pattern is confirmed.
It is still not bearish at the moment therefore, please wait for some signs of weakness.
Per Scott Carney (Harmonic Trader) , SL for Deep crab should be around FIb level 2 of XA Leg.
Other possible levels are 2.618 FIB Extension of BC Leg and 1.618 FIB derived from trend based FIB from ABC Swing. (Pl note that this 1.618 FIB is not prescribed level per harmonic trader books and strategies. This is based on my experience and learning.
Again, right now it is not at all weak, Let is show some signs of weakness, like RSI sliding down, Bearish Div. on RSI, bearish candlestick pattern, bearish price action patterns etc.
Nifty Intraday for 29th June and view for Next weekHello Everyone,
Hope you guys have done well in the monthly expiry and made enough bread now let's talk about today intraday and for the Next week as well. you have seen that how Harmonic patterns work and can count every and each swing. You Just need to understand the momentum and the Market structure.
Nifty is Trading on their resistance as per Harmonic ABCD pattern and a correction is Possible from 15,400-15,440 but a trend line is holding the trend so do not rush to open a short Position and its also against the mid and long term trend so I would not suggest to short until 15,270 breaks. We are getting 180 Point range for today and for next week as well.
Good Luck
Nifty 50 Intraday Trade Setup for 26th May 2021Good morning Traders,
The index is trading on a crucial and narrow range, You must be careful today because today is the last day before the Monthly Expiry. High Probability is Writers Play their game and manage the premiums in today's trading session. The problem is we are getting a very big Range in the Intraday 15,100 to 15,300 which is quite big for Intraday. Try to Understand the Range 200 Points Index has space to move 200 points Intraday before the breakout or Breakdown which is a sign for a volatile market so Be careful and trade according to the level.
Good Luck
Virendra Pandey
Nifty 50 Intraday Trade Setup for 25th May 2021The index went a narrow range after last week's rally. There is Multiple resistance now 15,380 to 15,400 the whole area is a supply zone as per our Harmonic XABCD & ABCD pattern and support is 15,100 now. SO we are getting only 300 point range for this week which is very low for Intraday.
you guys must know why Intraday is a bit risky if Index trading in a narrow range. I repeat very little room on both sides so set up your trade according to it .
Intraday range is 15,130 to 15,260
Nifty Future Nifty Future looking bullish
One can go Long now or in dips with stoploss of 14990
All the key levels are mentioned in chart with Stop-loss and Targets
Key Levels
Upper Bollinger
Macd in daily positive
Macd in hourly positive
Adx in daily positive
ADX in hourly positive
Rsi in daily above 60
Rsi in hourly above 60
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
bullish above black line -- bearish below blue line, NIFTY 50NIFTY 50 moved in down channel, may be break this channel if go above black line....
now its in consolidation in 1 Hour chart... but if sustain above black line it will give big move upper side,
if sustain below blue line,, then it will continue bearish mode.....
write below if you have question!!
Nifty 50 Intraday Trade Setup for 11th May 2021Good Morning everyone,
Hope you all are doing great and did good in the last week, Index short term trend is bullish and we have seen 500 points up move in the last week but the main problem is Index momentum in intraday is so choppy & messy and most of the movement comes with a gap up then the market turns sideways all over the day which is not tradable in the Intraday.
Let's talk about our trade setup for 05th May 2021?
Key Factors
===================
1-The index is trading on their Harmonic PRZ. The level is 14,972. which can act as resistance.
2-India USD and SGX Nifty both are trading on a Negative Note. Almost 114 Points down from the previous day closing.
3-Index Intraday Support is at 14,700.
4- Higher Trend is still missing and the wider range is still valid from 14,000 to 15,000.
5- 15,000 is the Phycological resistance confirmed with the Harmonic PRZ.
Intraday on 05th May 2021.
================================
Intraday Range is 15,000 to 14,700 which is very big and can create a problem is the Intraday.
The index is about to Open around 100+ Point gaps down so you must know the support area which is 14,700-14,730.
Risky and Aggressive Traders can create a long position from the support zone with minimum sl and can hold the Position if 30-minute range breaks on the upper side,
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
AartiDrugsTimeFrame - Weekly
AartiDrugs is trading in a range for the past few weeks, closing above range can give fresh BO.
Weekly RSI has just crossed 60 - Showing strength
Once Breakout happens, once can go along with SL 700 weekly closing basis.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing
Bulls are Back ? Trade plan Nifty 7th May 2021First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty : Trend is Up- Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.