#Banknifty in focus.
#Hdfcbank 8 days of cons. A move past 1560-65.
#Icicibank 10 days of cons. A move past 717
#Reliance 6 days of cons. A move past 2400
#Hdfc 3 days of cons. Holding 2785-2805 & move past 2825
#Hdfc breaking out..
#Icicibank is poised..
#Reliance is reluctant.
IF it moves past 2380-85 now, possibly.
Today is not it's day🤔
making the right moves. But it has more room to cover before a break out.(above 1560)
#Reliance breaking out.
Moved past 2380-85 now.
Yet again, a great recipe for success:
#Trendline "Broke @ 2380, high 2437.
#Trendindicator "Triggered a buy"
#Elliottwave "Never miss the 3rd"

Just align with the direction of the general market.
And, when weekly trend is "UP & above Trigger" (#ITC, #Bhartiartl, #Hdfclife, etc)
Follow this strategy, you will be ahead of "others"- following your study.

Choose a stock that is trending up in week & Day.
Look for 3 to 5 days of corrections retracing pref. 38% or 50% of last rise.
Initiate trade with Hour #Trendindicator oversold & poised to turn up.
A very busy day; so many take offs
#Banknifty & Finance stocks in focus.
#Hdfcbank towards 1595-1605 & more
#Icicibank towards 745 & more
#Kotakbank towards 1963 & more
#Hdfc Holding 2795-2805 & move past 2825

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More from @JustNifty

16 Sep
Must work continuously....
This one has been in a corrective phase with shallow retrace for the last "9 Days"

#McDowell IF holds 735-738 & shows a reversal signal, it would attempt ATH & 800-825. Image
After a "Flat" correction (Darwas box !!!), just warming up Image
Read 6 tweets
3 Sep
Learn & Earn "ABC" of Trading:
Corrections are primarily-Zigzag & Flat
Flat's sub-waves 3-3-3 or 3-3-5
You see "A" with 3 sub waves, "Flat" in play
The range bound price action is bullish.
Established "17210-17310" range.
Break out & break down beyond this.
#Nifty below 17284 would move lower as in an "Irregular flat" (Remained below 17325 but made a high which is higher than 17312)
Learn & Earn "ABC" of Trading.
Making money with "Flat" corrections.
Read 7 tweets
2 Sep
seems to have done a "ABC" in Hour t/f
Holding 1662, a LRHR trade.
A small 5 seen in 3 min. t/f
Ideal entry @ 1667-1672 with SL @ 1664.
Any trade can fail but it must be a LR one.
A small 5 seen in 3 min. t/f
Ideal entry @ 1667-1672 - Low done 1670 & now @ 1683+ so far
with SL @ 1664.
Read 4 tweets
2 Sep
Use "ABC" of corrections to initiate LRHR trades.
Even a " Good Trade a day" would be enough.
Zigzag corrections - If understood correctly, it's a straight path to riches...
#Banknifty from "36375-538" zone, making a low of 36469 & now, @ 36739 so far

Learn "Elliott Wave Principle" - a free online book-link here- bit.ly/2Zj9v3W
Santhosh Kumar
Replying to
I was expecting a move towards 36375.. how should I interpret the corrective wave C (is it incomplete?)

-"Use simple channeling technique to identify a wave completion as well as the start of the next one".
Read 6 tweets
2 Sep
Learn & Earn "ABC" of Trading:
Corrections are primarily 2 kinds-Zigzag & Flat
Zigzag has sub-waves 5-3-5
Flat has sub-waves 3-3-3 or 3-3-5
Once you see A with 5 sub waves, zigzag in play; look for 50%-61.8% retrace to sell for targets 0.618 - 1 times "A"
Another Zigzag in play #tatasteel : pointed out yesterday by @asitbaran in @CNBC_Awaaz
Initiated a "Sell"; part booked on completion of 1st wave; would initiate again on retrace today for a LRHR trade to play the Big 3rd
#tatasteel : pointed out yesterday by @asitbaran in @CNBC_Awaaz
1st wave & 2nd in play;
A LRHR trade to play the Big 3rd @ 1433-39 with 1446 as SL
IF trades fail, doesn't mean yr strategy is wrong. Just yr reading of it is wrong. Reread.
Read 4 tweets
1 Sep
Breaking out in Month t/f
Weekly in firm uptrend & so does Day

2 scenarios in ST.
Traders a bit of dilemma
Investors - just cheers ImageImageImage
The most rewarding phase 3rd of (3)rd of 3rd.... every dip, BUY Image
Immediate target "783" & then with corrections more to come.

HOLDING ?? "738-743" preferably (715 - 761's 38%-50% retrace) Image
Read 4 tweets

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