Nifty Futures Trading

[rinku4142]

very strong registance at 4564 label if you are short just place stoploss above 4565 or 4580 which is 61.8% ret from today high and 50% from yesterday high of 4636

 

[parttimetrader]

Hi Rinku

I of course agree with your analysis. A developing H&S pattern at the end of such a long upmove gains even more significance than it's usual high pedestal in technical analysis.

What target would the neckline break yield? There is a good chance of a false breakdown as well, trader's remorse, and then a final break.

Thanks

PTT

 

[praveen taneja]

Bhai filter kaha milega ?

mkt is again at premium who is with me for a close above 4600:thumb::thumb::thumb::rofl:

 

[parttimetrader]

There is a rare sell signal on Bollinger Bands as well. (Daily Charts, 21-Day)

With the Nifty trading below the upper band by 21% - there's a good chance it will revert to a trading range and volatility will decrease. For that to happen, Nifty must move down.

 

[GokaSingh]

mkt is again at premium who is with me for a close above 4600:thumb::thumb::thumb::rofl:

Not today ...

 

[rinku4142]

i think if nifty goes downward it might test 4480-4450 level

 

[praveen taneja]

i think if nifty goes downward it might test 4480-4450 level

above 4550 nifty can retest 4580:thumb:

 

[rinku4142]

absolutely yes all pattern and technical analysis are quite subjective and one should trade any pattern with hope of only 33% to be successful

 

[praveen taneja]

absolutely yes all pattern and technical analysis are quite subjective and one should trade any pattern with hope of only 33% to be successful

:lol::lol:
4550 gone above that 4580 now i not only feel a close above 4600 but above 4620:clap:

 

[taqtrader]

absolutely yes all pattern and technical analysis are quite subjective and one should trade any pattern with hope of only 33% to be successful

strongly disagree with your point i am pattern trader with volume only no indicators or system etc.
i have my defined entry, stop loss & target point & success rate of 70+
I believe its more of a human element rather than system problem.