SH's MArket Correction Prediction Strategy

[umesh12]

BankNifty can touch 100 EMA today.

 

[timepass]

BankNifty can touch 100 EMA today.

and then there's the gap around 14500 of 16th May. But does it look like a H&S formation ? A smaller head though.

 

[umesh12]

and then there's the gap around 14500 of 16th May. But does it look like a H&S formation ? A smaller head though.

An H&S was formed previously and it seems to be done with.

The other one which is in formation, right shoulder yet to form

 

[Tradewithhunter]

Yes I do see... small risk can be taken by shorting with recent highs as SL. risk is around 80/90 points but 100 EMA is far down below...

Cheers
SH

On 12th Sep when Nifty was trading at 8100+ levels, it was a great shorting opportunity with 8200 as SL (80/90 points risk).

We are now at 7790 so mkts have come down almost 300+ points since then despite low oil prices, weakening $, lower inflation etc etc.

100 EMA at 7665 so more downside pending.

Cheers
SH

 

[Sammy.Young]

any stock for 100 EMA playing?

 

[Sammy.Young]

Nifty 3 EMA untouched in last session.....

 

[Sammy.Young]

3ema untouched in last 2 sessions....SH ka magic chalega kya ??

 

[vinst]

3ema untouched in last 2 sessions....SH ka magic chalega kya ??

difference between price and 3ema is not much. moreover, by just staying around low of 4-nov, NF is likely to touch 3ema.
not much of a trading opportunity to short by this criterion. however, as soon as 3ema is touched, one can go long !

bigger opportunity should come with 100ema criterion.

 

[manoj2012]

Added longs today after 3ema touched the candle. Exited at EOD for 40 points gains.

 

[Sammy.Young]

Added longs today after 3ema touched the candle. Exited at EOD for 40 points gains.

that's great...so what next? 15EMA ?