Nifty forming a Bearish Bat pattern, 27th Aug what will happen?
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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!!
Nota
Lower low and lower close in 5 min time frame near 11090 will trigger the pattern.Nota
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.
Nota
we will enter only when a lower low and lower close in 5 min TF is seen.Nota
short nifty nowNota
Nifty taking support So be cautiousNota
book profitNota
hold only 75 quantty aNota
Entered Nifty @11101Exited - 11060
and holding 75 Qntty
Nota
I am booking all profit now, Will enter once the trend line is broken onlyNota
guys Who ever taken short position maintain the stoploss and the 1st target.it will give the target today,
Nota
Sell Entry Spot price-11090 Target- 10990, 10930
SL- 11190 and trail.
Nota
If you feel it is big stop loss then wait for my next postNota
On the Red Trend line now it is taking support probably it will go higher price and come back, we will wait.Nota
Shorted Nifty nowNota
Future 11105Nota
According to My analysis Market can correct 100 Points, Lets see, taken position as aboveNota
It seems Good level of support is there @11100But still will hold it let's see.
Nota
Anybody want to short Nifty short now.Nota
In the retracement near 11110 FutureNota
How is the josh guys!!Nota
Booked all my profit 30k today,Nota
I am a very safe trader dont want market to take it againNota
market is bullish nowNota
so much selling happening, be cautiousNota
better not to enter tradeNota
fight happening btw bulls and bears, lets see who winsNota
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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