KEEP AN EYE ON WPRHI GUYS HOPE EVERYONE IS DOING GREAT, TODAY I AM POSTING AN IDEA ABOUT WPR.
WHY SHOULD YOU BUY WPR:
1) WE HAVE STRONG SUPPORT AT 85 SATS
2) WE CAN SEE BULLISH DIVERGENCE ON MACD 4H TIMEFRAME
3) STOCH RSI IS NOT EITHER OVERBOUGHT NEITHER OVERSOLD SO ITS OPTIMUM CONDITION TO POSSIBLE MOVE ON BOTH SIDES.
TRADE SAFE GUYS AND DONT FORGET TO USE TIGHT S/L.
:)
India
NIfty Bank Bullish pattern As the Brearish market is fainted away now its time to ride the bull, the market is almost braked its strong resistance of 22300 as it's in a bull phase since 2 days so can make a doji or price action then the real Bull move will come, get ready for the Ride traders, mark target of 23300 for the short term.
Short the Nifty 50 for a double bottom back to 7600 by sept1. There's a clear bearish wedge that's formed in the past 3 months bear market rally.
2. The 10000-10500 zone is strong resistance
3. 61% fibonacci retracement is also going to provide resistance as bear market rallies shouldn't really violate this level
4. FIIs (foreign institutional investors) have been continuously selling into strength which does make for a very weak case for continued bullish moves
5. I am also bearish on the american markets, which could alone be a strong enough reason, above and beyond the aforementioned points.
The COVID death curve in India hasn't flattened - false dawn :(Unfortunately, the same thing possibly happening in the USA (COVID-19 DEATHS US) has already happened in India: there was a flattening of the curve but as of week beginning 15th June 2020 the percentage change of deaths is 36.74% matching what it was in week beginning 11th May 2020, 36.75%, and so dispelling any notion of a flattened curve.
Nifty Trade Setup For Day Or swing Trader !Hello guys,
What are you doing?
As you saw from last 4-5 days nifty Is riding between 9750-10000 level Consolidation between the same zone,
When the price is consolidation between the same zone its means we will see a big move in nifty in upcoming days either its bullish or bearish.
Bt According to elliote wave setup currently we are riding on 4 the wave-making Bear flag as you can see in chart I am bearish in nifty for target 9600-9400-9200, You saw an inverse cup and handle pattern, it makes our winning ration more success in trades
So what will we do next?
Make your view In short sight until Price is not riding above control price, Nifty is weekly support 9720 if it will break in next week we seen Price toward our target.
I am shorting nifty below 9820 For Target 9750-9700-9650 ( Day trader )
Short nifty below 9720 for Target 9600-9500-9400 (Swing Trader )
Between this range, you will see up and down moves so book your profit in this market or using trailing stop-loss in trades
Please like if you like my analysis
Thanks