Tom de mark sequential monitor for nifty50 stocks

[travi]

RIL completed TD Seq Sell (CD13) yest, today it has red candle. Always seem to get pullbacks here.
TD Setup started on 13-may. for the sake of SL it is 3270, not trading but will observe it. (cmp 3170) R:R is 1:3

 

[aaru]

Red candle ..?

 

[timepass]

Red candle ..?

Or maybe a red herring

 

[travi]

Red candle ..?

bhai after any count complete, we usually wait for trend reversal. so if Sell appears, to short we will wait for a down day. Another conservative approach is to wait for bear flip but the cons is lower entry and wider SL.

 

[travi]

Does anyone see a TD seq Sell in Nifty in the following pattern:
NS monthly 9-13-9
NS weekly CD13 completed 2 weeks ago but still no red candle
NS daily one CD13 completed 2 days ago and a running count of another setup count that is at CD10

so in Daily, 15-jul CD13 printed but we had higher nifty highs. Today is possibly first bear day. bear flip today is 24502 and and 1 day forward is 24600 levels so need to watch out if these levels break.

-ve closing in nifty opens short term correction.

 

[travi]

Also, in general thread on may 22nd i posted metals top appearing in TD. nifty metal was as 10K big round number. it never traded higher but took a month at that level but yest/today is very decisive correction in metal sector. 9300 cmp
usually cyclicals can have deep drops.

 

[travi]

At the time of analysis, nifty was 24650 range, now nifty 24500 is hanging on a thread.
Need to reclaim 24600+ if trend up is to continue but for now its not looking good.

 

[travi]

While nifty turned, weak earnings supporting the down trend.
RIL dropped to 3K, what a missed trade

 

[travi]

This TD trades worked very well, so only above 24600 is bullish

 

[tradermodified]

yes, 24600 is possible in this week, if stays above 24200.

ltp 24319