90 Points We Already Have Taken Profit --As per comment Section & The Oval Shape shown just below neckline.goes in previous update- -India Nifty--I am B.B. (Bulls Take Care). . There is an H&S Pattern which shall give a conservative target of 8480--8490...going below day's low@8545... This will add 140--150 points in today's session i.e.(3rd Aug 2016).... ...
Going below 1.3150... It will clear that ongoing sideways movement is done --GU shall resume its larger downtrend till 1.2700's...So, Be Ready for the action...once 1.3150 gets broken --once should have strict stop loss@ latest swing high which is 1.3302 ( + 5 pips for stop loss).... Regards, Abhishek H.Singh, CMT
L-S.....Long First & Short Later......As per previous update.. we took a sell call in the zone 1.1010--1.1020 with strict stop above 1.1040..EU slipped from that zone only marginally making a low@1.0961...post that there was a sharp rise crossing above 1.1040.... Earlier also I was looking out for a deeper wave ii--which never happened but currently taking...
Hello, I am Mr.Bear Boss(B.B.) Rarest of Rare Patterns are -"Diamond Pattern "-when there is lot of euphoria in market..You won't even know -slowly & steadily it will keep attracting you...Diamond Patterns are expanding for first half & contracting in later half...but results are havoc...This is also true that we are not getting close below important swing lows...
Since Feb 2016 low in the midcap@2633--It has moved to current highs @3640... Midcap could be running into 5th (let say red wave -not shown or counted) within v-th blue wave-shown as question mark...which is within 5th Yellow Wave...so effectively we are into nested structure...5th red wave...within v-th blue wave...within 5th -Yellow Wave....& Seriously lot of...
L-S---Long First --Short Later---check update 11 as well ----Bearish Cypher + c-wave to complete gives deeper ii-wave leading to the most exciting wave which will start .soon...looking for iii-wave till 1.0850.... Regards, Abhishek H.Singh, CMT
Look for Bearish Bat....Look Left...Trade Right.....zone 8640--8645 is what Nifty should hold .currently....Going below 8600 & breaching 8570 ....Deep..Deeper & Deepest.....or as per trading strategy mentioned in update-1... Regards, Abhishek H.Singh, CMT
(L-S)---(Long First & Short Later) As per update--"India Nifty--"Break of Channel & How can you forget 8650"...comment section -14:30 Hrs--27th July 2016-- Going Above 8600 ...we shall look for a push till 8620-8625...if 8570 intact...which is the case till current situation... Having strict stop below 8575 once crosses 8600...look for a push in the zone...
As per update-9 we were suppose to take short once trendline gets broken...but it hasn't & has been moving in zigzag manner in upside direction...& made a session high@1.1020.... Its a risky call but Risk Reward is Big...Taking a tick stop loss above 1.1041 -which is previous swing...one can sell in current price zone --1.1010---1.1020....Risk of 30 pips....&...
Its done...8620--8625....61.8% almost retraced.... Regards, Abhishek H.Singh, CMT
(S-L)----Short First....Then Long............ It's really insane on our part as a trader- if we forget 8650-which was much talked level last year same time-23rd July 2015..Top Zone 8645--8655...That was the zone from where Nifty had a severe fall in few days from that day. Coming back to current situation...Our crucial mark for safe traders to go short...
As per previous update--"India Nifty--Break of Channel & How Can You Forget 8650"---Enjoyed....40--50 points ...The Falllllllllllllllllll.................. Regards, Abhishek H.Singh, CMT
Above 8645....Box Trading Nifty Likely to test 8665-8670 ...where it shall complete its 3-wave which has been put question mark in previous update....& then a fall in 4th Wave... Regards, Abhishek H.Singh, CMT
Once the trendline gets broken which will be confirmation of the most exciting wave round the corner--usually it should travel minimum distance of 161.8% of the i-wave distance from top@1.1165 to 1.0981 & projected from ii-wave top@1.1040.... 161.8% distance of i-wave comes to approx 1.07400--1.07450 which is almost 250+ pips ...so be ready for the trendline...
As per previous update-"alternate count"--we had long positions above 1.1012 for target zone 1.1080--1.1090...but EU -just went to 1.1040 high & has a sharp fall...breaking 1.0970--Mark which was our trigger point for going short... Trading Strategy -- Below 1.0970...EU possibly to travel in the zone 1.0910--1.0925...where falling channel will support EU...if EU...
(B) -Wave took the shape of a triangle since March 2015 low@1.0462...A date which is part of my diary...& In one of my reports in which I figured out India Nifty Top@9119...Same Day ..It was big gap up movement on RBI policy & a severe fall from 9119 -The Top. In EURUSD-- since 1.3993 Top...It made a low@1.0462 --Gave us (A)-Wave---(B) Wave - A Triangle ...Then...
Look Left & Trade Right....Pink 3rd Wave could complete at 1.1015--where it will be 2 times of its respective 1st wave...if that level gives away..then 1.0970--where 3rd wave will be 2.618 times of its respective 1st wave...& finally if 1.0970 gives away then ...strongest of all shall be 1.0910 where 3rd wave shall be 3.618 times of its respective 1st...
Channel Top as per the update-" Can EU Double Top Make Nifty Fall" is still valid...We haven't seen any strong momentum in Nifty- which was expected above 8600 level..so Risky Traders were asked to take short in the zone 8580--8590 with stop loss( a tick above 8595)...We were expecting the fall ....Look we have started the fall....Risky Traders Enjoy...... ...