simplyajith

simplyajith Updated 

Can go short with less SL, to ride C to D wave in XABCD pattern.

simplyajith Updated 

Nifty formed a lower low in daily time frame today and also gave a good recovery from lower low of 16162. Resistance zone 16360 is hit 3 times till now and it is weak, so does the gap support zone from 16140-16162. Support was also hit 3 times. As it closed at the center of 16160-16360, it has formed a triangle pattern to help us the direction it will take...

simplyajith

On a nutshell, Nifty cant be traded for intraday this week, between 15000-15250 Wait for nifty to break either 15250, with proper momentum candle and not gap up. Or wait for nifty to break 14926 . Until then it's a wait and watch game. I am on the short side , if it consolidates more time near 15000, it has more possibility to go down! day time wise, trend...

simplyajith Updated 

Above 15240 , go long below 15000, go short In between, close trading terminal,save brokerage. Happy trading!

simplyajith

Exit all longs below 14621. Go long above 14870. Between 14621 and 14870, no trade zone !

simplyajith

15000 support is broken and taken back, but close is below 15000. Tricky state according to me, Downside wave is very strong with no overlap, so one should go with the downside wave until 15150 is broken to go long. Go long above 15150, go short below 14900. Happy Trading!

simplyajith Updated 

Go long above 15320 for a target of ATH 15420/15471 Short below 15190 for target of 15125/14979 and below! 15200 to 15320 zone is no trade zone! Happy trading!

simplyajith

Below 15094, we can see 14984 expecting nifty to spend quite some time here to decide on further action, either upside or downside. If it breaks 14984, 14856 is the next target. Only long above 15250. I have done 4th March 15200 straddle in Nifty, expecting nifty to fight 15000 level for upside but i am ready if it goes down. Happy trading!

simplyajith

Sell below 15300 for target of 15278/15246/15067 and below... Only long above today high 15425.

simplyajith

I am seeing price getting rejected at the resistance in daily time frame followed by an indecision candle. Longs need to be cautioned. No trade planned until decision candle shows up.

simplyajith

Triangle breakout -Nifty 14th December 2020

simplyajith

Bank Nifty Triangle breakout - 14th December 2020

simplyajith

I am going to keep this simple as I don't know complex technical stuff. In 1 hour time frame, NIFTY has formed a channel pattern and breakout from the channel will help to understand the direction its taking. Buy above greenline with 10-20 points SL and Sell below redline. Lets see how it goes.

simplyajith

Watchout for triangular pattern breakout in ZEE

simplyajith

Buy if it goes above resistance line 1416. Trendline should act as support, watchout for it.

simplyajith Updated 

Triangle pattern breakout - wait for trendline break in intraday.

simplyajith

Wait for breakout to enter trade

simplyajith

6772 is a good support line for maruti, so it should bounce from here.Lets wait and watch. Short if it breaks the support.