Bank Nifty-BJP Calls Gartley Alliance- What a timing@14:30 Hrs!

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Last Price@26400 - 20th June 2018

(Note - It is just a coincidence & piece of analysis)

As suggested in the post of Tata Motors - Importance of Reverse Gear at 14:30 Hrs -19th June 2018 - BJP leaves PDP - What a timing to get Gartley alliance.
Bank Nifty at 26225 -19th June 2018
istantanea

Tata Motors Last Update

Tata Motors - Importance of Reverse Gear @307 - 300


Market looks like agreed with this new alliance on technical analysis point of view. Harmonic Structure which has PRZ (Potential Reversal Zone) pushed the index exactly from 26225 -26250 zone -giving us an opportunity to take advantage of bullish moves in next few sessions.

Nifty Bounce from 10700
Take the clue from India Nifty - Support at 10700 (Low-10701-19th June 2018) - B- Point Reversal in Harmonic Structure - Once 10700 gets breached -traders should be careful.

Nifty - Did You Try Selling The Bat@10888 - Atleast Below 10850


What Next?
Plan 1 - Book Partial Profits at 26390 - 26400

Plan 2 - Continue with bullish trades above 26400 for 26450-26475 target zone

Plan 3 - Above 26500 -Look for 26600 -26625

Plan 4 - Holding above 26600 for 10-15 mins -Look for 26775 -26800

Plan 5 - Above 26800 - Look for 27150+ Target.

Keeping an eye on India Nifty which should not break below 10700 key support level.

Regards
Trade attivo
11:00 Hrs 20th June 2018

Last Price@26450

Bank Nifty Rocksssssssss with India Nifty
Trade attivo
12:33 Hrs 20th June 2018

Last Price@26485

Day High@26500

Plan 2 done - Keeping an eye on Plan 3 next -only if it holds above 26500 levels.
Trade attivo
13:45 Hrs 20th June 2018

Last Price@26465

26500 -26505 - Holded as resistance - key support is at 26450 - Risky Traders Can take buy close to 26450 -26460 with stops below 26440 - Safe Traders Take Buy only above 26505 levels.
Trade attivo
13:53 Hrs 20th June 2018

Last Price@26475

Bravo! - We took buy call exactly close to key support 26450 at 26455 which is average of 26450-26460 as suggested few mins back with stops below 26440 - Once it crosses 26480 - Trail your stops at 26450 from 26440
Trade attivo
14:32 Hrs 20th June 2018

Last Price@26490

Did you see it went below 26450 to 26440 - Hard to believe & took U-Turn - We did lose 10 points but effectively if you took with earlier stops below 26440 - You would be on the path of excitement.
Trade attivo
14:37 Hrs 20th June 2018

Last Price@26513

Our Plan 3 is Active !
Trade attivo
14:40 Hrs 20th June 2018

Last Price@26530

Amazing Level@26440 - Let us say --- cheese ( Picture / Photo)

istantanea
Trade attivo
14:51 Hrs 20th June 2018

Last Price@26535

If you have not entered then you can make an attempt in 26460-26485 zone with strict stops below 26440
Trade attivo
10:50 Hrs 21st June 2018

Good Morning!

Last Price@26529

Day Low@26503

Let us start taking some risk in markets. Strict Stop loss for the buying opportunity next in current zone of 26500 - 26530 with stops below 26440 for targets 26600 -26700 -26800
Trade attivo
11:45 Hrs 21st June 2018

Last Price@26480

We bought in 26500-26530 zone with strict stops below 26440 - Shall close trades for the moment - Taking 30-40 point loss.
Keep in mind - 26440 is very important level as mentioned earlier in picture above.
Nota
12:13 Hrs 21st June 2018

Last Price@26482

If Traders want they can hold long trades till the time 26440 is not taken out downside or only risky traders who can afford to loose 70-80 points - they should hold the position others kindly close.
Nota
12:17 Hrs 21st June 2018

Last Price@26498

Why did I put comment that only risky traders who can afford to lose 70-80 points only they continue the trade
I have seen traders -they don't want to lose anything in trading -just only gain which is not possible in markets - as markets are not risk free investments. You have to manage your risk while trading & do not repent if you lose in between as that is part & parcel of the trading markets.
Trade attivo
12:37 Hrs 21st June 2018

Last Price@26540

Trail your stops to day low@26474 from 26440 lows in your buy / long trades.
Trade attivo
12:48 Hrs 21st June 2018

Last Price@26569

We keep our new objective upside as 26650 - 26750 - keep trailing your profits stops & try to gain more in this upside as it troubled a lot below.
Likely seems that going above 26750 - 26800 zone - we have upside target as 26930-26950
Once it crosses above 27000 - we have target as 27150+
Trade chiuso manualmente
12:54 Hrs 21st June 2018

Last Price - 26585

Thanks Guys - Manage your risk as some guys don't like me putting frequent updates.
Chart PatternsHarmonic PatternsTrend Analysis

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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