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van ilango (JustNifty) Profile picture
@JustNifty
Dec 2, 2021 • 7 tweets • 4 min read • Read on X
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#Banknifty
Only with #Elliottwave & #Retracement strategy
You got 1st trade @ 36191 @ open for 36425
You got 2nd trade @ 36267-36298 for 36400 so far Image
How the grind to unfold... #Banknifty Image
#Banknifty
@ Low Risk zone Image
#Banknifty
@ Low Risk Trade Follow up scenario Image
#Banknifty "Last Update"
@ Low Risk Trade Follow up scenario

Trail with 36300 & book profits at 3rd Image
#NaturesLaw, #Elliottwave
#BANKNIFTY
In small t/f, be prepared to be flexible
And, Take the profits off the table
You're fighting the writers with BIG money Image
#BANKNIFTY Image

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More from @JustNifty

van ilango (JustNifty) Profile picture
Jul 22, 2022
#Priceaction
IF trader, then study "Hour chart" of at least 30 trading days
Watch how #prices are #Trending & you take a position when trend changes, say, from making "LH & LL" to "HL & HH" & Vice Versa
This is the 1st & foremost step & absolutely noiseless
#Retracement helps🙏 Image
#Priceaction Step:2
All traders know Demand & Supply to exploit the difference - a basic trait of any trader/ businessman.
What captures this absolutely is #Trendline & #Channel
For Eg: When prices break out of a falling T.Line/ Channel, it means demand has overpowered supply Image
That's first clue-buyers are asserting. LH & LL would soon change.
Next step is to look for a Fibonacci #retracement to hold @ 38% or 50% or 61.8% (to make HL) with a bullish candle like #Bullishengulfing or #Bullishpinbar @ a % of previous rise which is your perfect LRHR entry
Read 9 tweets
van ilango (JustNifty) Profile picture
Jul 3, 2022
#Nifty
2 Scenarios likely.
In ST, both point towards a min. rise to 50DSma, 16200-250
c = a = 16255
#banknifty
2 Scenarios likely.
In ST, both point towards a min. rise to 50DSma, 34450
c = a = 34915
#Reliance
2 Scenarios likely.
In ST, both point towards a min. rise to 50DSma, 2615

50% - 61.8% #retracement of last fall from 2817 to 2365 @ 2591-2645
Read 5 tweets
van ilango (JustNifty) Profile picture
Apr 18, 2022
#Nifty
Started last fall fm "17664" on 13th with 1 & 2
Would complete 3rd @ open @ 17220-263, then 4th & 5th.
Last fall #retracement from "17512 - 172xx"
MEma-17175
WLEma-17155
50DSma-17165
Pivot's S3-17195
VF's T6: 17197
IF correction, it must limit to 17220 @ open & then 17165
Based on significant gap down, the "revised trade levels" for the "day" & "Week".
#Nifty @ 17108-137 of VF's trade table's key level with a low of "17130"
Read 4 tweets
van ilango (JustNifty) Profile picture
Mar 11, 2022
#Nifty
Index & most stocks done 3rd & 4th wave yesterday.
Holding approx. yesterday's low, "5th" wave to unfold today in opening session towards "16796-816".

Alt: Consolidation in most part of the day in yesterday's range.
#Nifty Trade plan:

1. keeping above “16465-485″ - "Low @ 16471" ---

---prices likely to head towards 16685-715 & above which 16910-925.
#Nifty
Pre-Market Observations:
1. "5th" wave unfolds holding yesterday's low 16448
2. A Broad trading range within yesterday's High & Low

Trade plan Buy @ 16465-485
1st Resistance : 16685-715

From 16471, high done 16673 so far.

Now, Holding "16545-575", up move continues..
Read 4 tweets
van ilango (JustNifty) Profile picture
Mar 5, 2022
Macd is the simplest & most reliable indicators available. Macd uses Moving Averages & turn them into momentum indicator by subtracting longer MA from shorter MA. The subtracted value when plotted forms a line that oscillates above & below zero, without any upper/ lower limits. Image
Using shorter Moving Average (5 & 10) will produce a quicker, more responsive indicator (fast macd), while using longer MA (12 & 26) will produce a slower indicator (Slow macd), less prone to whipsaws.

Macd measures the difference between two Exponential Moving Averages (EMAs). Image
A +ve Macd indicates that 5 or 12-day Ema is trading above 10 or 26-day Ema. A -ve Macd indicates that 5 or 12-day Ema is trading below 10 or 26-day Ema. If Macd is -ve & declining, then -ve gap between faster MA & slower MA is expanding & Downward momentum is accelerating.. Image
Read 7 tweets
van ilango (JustNifty) Profile picture
Dec 3, 2021
#Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)

Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
#Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)

Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
#Nifty
Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.

Didn't get the "BUY" trade
BUT, a "Sell" trade emerged @ "17470-500" with a high of 17490 with OB readings and generated
100+ points with a low of "17362"
Read 6 tweets

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