hello traders i hope ur doing well in your trading i am presenting you my nifty short trade view please check
nifty daily looks week in coming days because from last 4.5 months price trading above ema 21 and now ema 5 crossing downside below ema 21
so its a short trade for me stop loss at life high from the crossing point to life high distance is 568 point so its a stop loss and target is in equal and multiple of stop loss
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thank you for reading my idea if found any related query allow me to answer
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press the boost rocket button if you think this analysis is use full
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ema 5 crossing down ema 21 and after crossing price did not testing ema 21 so the best place to short is when price testing ema 21
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price moving slowly toward EMA 21 where our entry for fresh short
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closing at 19393 around 83 point up today Ema 21 @ 19481 Ema 5 @ 19397
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expecting today price can test our short entry level @ Ema 21
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very very choppy mkt in this range because more than 15 days closing in this 100 point range
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what is the best stop loss for a crossover system..... simple if again crossover happen in opposite side than our stop loss triggered and than we can think about opposite side trade
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still price not testing ema 21
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price tested ema 21 so our sell entry executed
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from previous 4 trading day only 80 point move
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110 point profit running for now
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any pullback on long side near 19470 is used for fresh entry
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250 point profit running from our entry price
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this is my previous analysis on nifty gives 1200 point profit without going even 10 point negative
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this is also my previous posted analysis on nifty gives around 1300 point profit without going even a single hourly candle negative
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thank you for your like and support
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again this is my previous analysis on nifty gives 1900 point profit without going even a single hourly candle negative
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this is my another previous posted analysis on nifty gives 500 point profit without going even 10 point negative
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Ema 21 = 19445 Ema 5 = 19358 price = 19265
so any upside near ema 21 is a fresh entry
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ema 21 = 18432 ema 5 = 18341 price = 19306
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closing price 19342 ema 21 = 19421 ema 5 = 19341
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as i am telling again and again that fresh sell near EMA 21 so today is the day
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again price near 21 ema which is out fresh entry point
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keep stop loss very very tight and our stop loss in this trade is ema 5 crossing up ema 21 is our stop loss if stoploss triggered this time than again 1300 point upside possible
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long triangle breakout seen so keep ur stop loss very tight
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turn into bullish trade now
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242 point profit in crossing down sell side and than 320 point profit in crossing up buy side total 545 point profit running for now
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after crossing happens in up side 630 point profit running
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