Nifty - Is 11461 the Bottoms- Accumulation Wedge

Atualizado
Short First & Long Later

Trading Strategy

Plan A –
Selling in 11685 -11710 for Targets - 11650-11660

Plan B –
Selling below 11650 for Targets - 11600-11615

Plan C –
Selling Below 11600 for Target zone - 11525-11540

Plan D –
Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for 11980-12000 & Above 12050 for 12150-12200

Plan E-
Buying from 11525-11540 with strict stops below 11500 for same targets as suggested in Plan –D

Risky Traders Call
Most Critical Zone – 11475-11
490 can also be used as buying zone for targets 11700-11980-12200.

Picking the Bottoms at 11461 lows
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The Last Video Idea - D- Street or Damaged Street - 520 Points Fall -11961 to 11461

Trade ativo
09:46 Hrs / 18th July 2019

Last Price@11656

Plan A -Target Done in 11650-11660 zone. We take sell as per plan B later & avoid sell if holds above 11650
Trade ativo
10:22 Hrs / 17th July 2019

Last Price@11672

Look at the bounce -went close to the opening levels at 11675 which is close to
the selling zone 11685-11710 as per plan A so you can consider selling from the tops again. Thanks
Nota
11:25 Hrs / 17th July 2019

Last Price@11653

Index Repeated Plan A - Sell again & target achieved from 11675 to 11650 - Plan B will be executed only if goes below 11645-11650 zone next else we will repeat the Plan A again for third time from the tops.
Trade ativo
15:08 Hrs / 18th July 2019

Last Price@11603

Congrats to all. Index Touched 11601 - Plan B done. Do check other plans & manage your risk accordingly. Hope you liked the expiry day idea.

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Trade ativo
21:24 Hrs / 18th July 2019

Closing Price@11601

The structure is vulnerable & weak can attempt more fall to visit the zone 11525-11540 but if it holds above 11600 in tomorrow's session - it can bounce close to 11650-11670 first & holding below 11700 later to resume the fall again to the zones of 11525-11540.

Any move above 11725 - could be more bullish scenario for higher targets as mentioned in Plan -D.

Thanks & Good Night.
Trade fechado: objetivo atingido
14:28 Hrs / 19th July 2019

Last Price@11433

Circle is complete with 11420-11425 - Let us start a new journey. Happy weekend. Thanks

A simple channel

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Chart PatternsLeading DiagonalTrend AnalysisWave AnalysisWedge

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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