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Happy Diwali &
Prosperous New Year.
🪔🪔🪔🪔
I will be active on the channel again with helpful market insight and practical trading opportunities. Stay tuned.
Short Nifty at 15140
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+
It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time.
Nifty trading at resistance or near to Corrective Wave B highs.
I'm shorting nifty , anticipating that Wave B is completed at 15273, and now we are going lower in Wave C for a target of 14311 ( C=A ) or deeper at 13721 ( 161% of Wave A )
We can never be sure that it's a Wave C and Nifty will fall. Trading is all about probabilities, It's probable that Wave B is completed and Nifty may fall or correction may come in form of Wave C.
We can not control the outcome, we can only control our trade.
If I'm wrong on this trade then my Stop-loss is at 15275 or 135 Points. It's a good opportunity to trade for me because of the Risk To Reward Ratio.
https://in.tradingview.com/chart/NIFTY/7m5kcB6l-Short-Nifty-at-15140-Shorting-at-Resistance-Trading-Wave-C/
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+
It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time.
Nifty trading at resistance or near to Corrective Wave B highs.
I'm shorting nifty , anticipating that Wave B is completed at 15273, and now we are going lower in Wave C for a target of 14311 ( C=A ) or deeper at 13721 ( 161% of Wave A )
We can never be sure that it's a Wave C and Nifty will fall. Trading is all about probabilities, It's probable that Wave B is completed and Nifty may fall or correction may come in form of Wave C.
We can not control the outcome, we can only control our trade.
If I'm wrong on this trade then my Stop-loss is at 15275 or 135 Points. It's a good opportunity to trade for me because of the Risk To Reward Ratio.
https://in.tradingview.com/chart/NIFTY/7m5kcB6l-Short-Nifty-at-15140-Shorting-at-Resistance-Trading-Wave-C/
TradingView
Short Nifty at 15140 : Shorting at Resistance - Trading Wave C for NSE:NIFTY by Equity-Earningz
Short Nifty at 15140
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+
It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this…
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+
It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this…
Chart Patterns
Short Nifty at 15140 Stop-loss 15275 Target 14311 : Where C = A & Risk/Reward is 1:6 Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+ It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time.…
Nifty set to open above Stop-loss price @ 15275. For me any single tick above SL is a stop-loss triggered to exit position.
In case like today when opening is above the stop-loss price, I will wait for the 15 min 1st candle to get completed & will be placing stop-loss at 9:30 at the high of 1st candle.
This is not the 1st time, in past there are many caes like this.
In case like today when opening is above the stop-loss price, I will wait for the 15 min 1st candle to get completed & will be placing stop-loss at 9:30 at the high of 1st candle.
This is not the 1st time, in past there are many caes like this.
Chart Patterns
Nifty set to open above Stop-loss price @ 15275. For me any single tick above SL is a stop-loss triggered to exit position. In case like today when opening is above the stop-loss price, I will wait for the 15 min 1st candle to get completed & will be placing…
Nifty Stop-loss is at 15337. Any single tick above 15337 is SL triggered. CMP 15300
Chart Patterns
Nifty Stop-loss is at 15337. Any single tick above 15337 is SL triggered. CMP 15300
Nifty Shorted at 15140
Target is 14311 for 1:6 Risk / Reward - Where C=A
Today's Low So far 14350.
CMP 14400
The next Target is 13721 For 1:10 Risk/Reward
Not in a hurry to book profit, let the profit run. Awaiting 13721 With Trailing Stop-loss.
Target is 14311 for 1:6 Risk / Reward - Where C=A
Today's Low So far 14350.
CMP 14400
The next Target is 13721 For 1:10 Risk/Reward
Not in a hurry to book profit, let the profit run. Awaiting 13721 With Trailing Stop-loss.
Chart Patterns
Nifty Shorted at 15140 Target is 14311 for 1:6 Risk / Reward - Where C=A Today's Low So far 14350. CMP 14400 The next Target is 13721 For 1:10 Risk/Reward Not in a hurry to book profit, let the profit run. Awaiting 13721 With Trailing Stop-loss.
1:6 Risk Reward Achieved at 14311, where C=A.
Not closing the trade, Awaiting 1:10 Risk/Reward at 13721. (Extension of Wave C at 161% of Wave A)
Nifty shorted at 15140
Not closing the trade, Awaiting 1:10 Risk/Reward at 13721. (Extension of Wave C at 161% of Wave A)
Nifty shorted at 15140
An occasion to celebrate victory over defeat, light over darkness, awareness over ignorance, an occasion to celebrate life. May this auspicious occasion light up your life with happiness, joy and peace.
Happy Diwali!
Happy Diwali!