Nifty had a sharp impulse to downside in five waves from the top as Wave A. Now we can anticipate a corrective rally to 11,100 ( sub wave 4 region) as a zig zag correction since we had upward push in 5 waves on lower time frame.
So, Once the B wave correction is complete at 11,100 region, there can be next series of push down to 9500 level ( levels to be identified later on as the upward correction finishes)
Note :61.8% retracement of last fall from the high align in the same zone-- The zone had nice fib confluence.
Trading Plan 1 : Long entry @ Mkt by keeping stop below previous low and aim towards 11,100 zone.
Trading Plan 2 :
Look for short opportunity once the corrective upward move finishes - will updated later on.
Trade with care Gulz
Commentaire
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Fib Confluence
Commentaire
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Monthly chart
Transaction en cours
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A low risk opportunity arrived -- close to stop level join if u see any impulse to upside and keep stop as suggested earlier. if price pushes higher, we could see a C leg of correction which wl be impulsive ( 5 waves)
Ordre annulé
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Current Setup invalidated -- downward move extended from the previous low. wave counts on short time frame to be re-checked ( current move looks like part of 5th wave) -- will update later when i see low risk opportunity. Thank you
I heard that FYERS is offering trading on TradingView platform and it's pretty damn good. Does anyone else have detailed feedback about it?
safri
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@manishald, Yes. Fyers offers Tradingview as their web platform. I have been using their platform since last 3 months. The platform is awesome.
safri
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@manishald It has many good features which we normally enjoy in Pro version of Tradingview. (No restriction to load no. of indicators , chart layouts etc ..)
In addition, MCX charts, NSE futures and option charts are also available.
Brokerage is same as that of other discount brokerages like Zerodha and Upstox
vinodsinghfcca
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@safri, Well i am using from 1 yr. i have never tried but you could add atleast 10 indicators, problem with the platform is it doesn't have any stock screener
HappyVijay
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Can we Buy @ CM Even after selling Pressure Sir ?
gulz
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@HappyVijay, only if you are comfortable with stop loss level - we should not risk more than 2% for any trade ( thats what i follow)