Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Brought down SL to Entry @ 4780.05

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop Hit no loss the other 50 % gave 13.35 points.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Was busy in other things could not Short @ 4777.00

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Shorted @ 4767.0

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Sl = 4777.05

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi
Asish and others was there a ascending triangle on nifty spot hourly and there was a false break out ... again we are in sideways movement on nifty daily chart

Regards
Satya

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi
Asish and others was there a ascending triangle on nifty spot hourly and there was a false break out ... again we are in sideways movement on nifty daily chart

Regards
Satya

The small patterns are too many. The major pattern, I can see, is this one. Even this one has a lot of white space and hence is unreliable.

Regards,
--Ashish

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you very much asish .... white space you mean lack of trading activity in a pattern like triangle are not reliable ?

Regards
Satya

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you very much asish .... white space you mean lack of trading activity in a pattern like triangle are not reliable ?

Regards
Satya

A lot of white space in a triangle make it unreliable for attaining targets. Just shows that there are price area which have not tested the bulls and bears and hence the breakout may fail. We observed that happening yesterday (on 5-min chart), if you do remember.

Regards,
-Ashish

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you and have a happy long week end

Regards
Satya