Nifty May become Bullish on 4th Sept, Lets Analyse!!

Nifty Forming a bullish Head n Shoulder in Daily time frame, But the market sentiment Bearish.
It has a depth to come low near 10640, which i personally feel it wont.
Nifty may come to 10750-30 and may start go upwards.
Probably there will be a gap up tomorrow around 10800 to 820, then it will come down to 10750-30 and sharp up side move according to me.

So what should be the strategy for 4th Sep Intraday?

We should try to see higher high and higher low in 5 mins time frame near 10750,10810,10860,10930 while reversing from 10730.
And follow the strict rule posted in my previous posts that's it.
To understand the 5 min trick you can see my previous post attached image.

sell below 10630 target 10590,10560
Cheers!!

Komentarz:

As part of the rule SL always will be below the last structure it broke and additional buffer 11 points.

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10730 it will reach we will see there how market behaves

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Entering @10810 if crosses

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target 10850 and trail
SL10760

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Trail sL to 10830 SPOT

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If you look more profit to book you can try to move the SL to 10815 Break even

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I am out of the Trade 20 points captured

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Just imagine not a single day loos and daily 5k, in between Chouka and Chhaka!!

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There is a myth 95% intra day traders fail.
How to break that Myth? this is the solution. I am the example.

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1st target reached 10850-60
Next if it sustains eye for 10920-30

Transakcja zamknięta: osiągnięto wyznaczony cel:

Our Safe target reached.
Cheers!!

Komentarz:

Please Like and share my views if you like it :-)