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