AniketKabir

SECOND PIVOT- GO FOR IT

Short
AniketKabir Aggiornato   
NSE:TATAMOTORS   TATA MOTORS LTD.
"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.

DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.

This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Commento:
SHORT WHEN DOUBLE TOP FORMS
Commento:
ENTRY, TARGER AND STOPLOSS
Commento:
Commento:
ARROW FORMATION: A SIGN OF REVERSAL
Commento:
PHASE A TO B - WYCKOFF AT PLAY IN 15 MIN TIME FRAME
Commento:
MOVING TOWARDS UPTHRUST AREA
Commento:
Waiting for UT as a ST around 340-345, after which sign of weakness in Phase B around 312 and below
Commento:
UT as a ST: A voilent rally to the upper boundaries of the range with subsequent failure down into the trading range.
SOW (Sign of Weakness): Usually occours on increased spread and volume. Supply is dominant.First fall on ICE (lower boundry of range) holds and prices get up try to forge ahead.
ST (Secondary Test) : Prices revisit the area of BC (Buying Climex) to test the demand/supply balance at these price levels. If a top is to be confirmed, supply will outweigh demand and volume and spread should be diminished as the market approaches the resistance area of the BC.
Commento:
I am changing my view from short to long based on below observations:

Prices are near to Apex of Arrow (triangle). if they reach till apex without breakout on either side then we can expect fizzle out of compression at Apex and around 3% up mve can be seen. Moreover market is expressing its unwilling ness to test the lower boundry of range to manifest sign of weakness. Moreover market had expressed change of behaviour when it broke out of a nine month sloe (old pitchfork drawn from march low- see old ideas for detail). It seems market is absorbing all the supply while staying at present level. i.e drawn new pitch fork. Will take long position when price touch the lower parallel of the latest pitchfork, with stop loss below last swing low.
Commento:
TWO PIVOTS FORM EARLIER THEN EXPECTED.
Commento:
UT OR UTAD test...it is short till 312
Commento:
Commento:
Waiting for Drawning..!!
Commento:
ICE BREAK
Commento:
till 240, journey begins
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