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Piyush Chaudhry
Stock Markets - Elliott Wave Analysis | Trading Algorithms | Fractals
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Piyush Chaudhry 43m
Replying to @shery81058198
320?
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Piyush Chaudhry 2h
This is especially valid if you're keeping Trades open for the next couple of days: Hope is Not a Strategy. Manage your Risk.
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Piyush Chaudhry 3h
Replying to @heartwon
haha
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Piyush Chaudhry 3h
Index - Current Status. Let's see it again on the weekend I guess. No clue what the next two days have in store for us.
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Piyush Chaudhry 3h
Replying to @Avyukta__
TBH for me Charts > Politics. Unless there's a clear accumulation pattern, I would refrain from placing my bet.
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Piyush Chaudhry 4h
Replying to @baneeshbanwait
Yeah, very scary.
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Piyush Chaudhry 4h
- A steady rise over 10 Years and all it took was just 1 Month to wipe out 63% and 6 Months to wipe out 86%. Massively falling knife. Needless to add, Avoid and Stay Away completely on the basis of Technical Structure.
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Piyush Chaudhry 5h
Wow! This is incredibly mesmerizing.
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Piyush Chaudhry 15h
Replying to @CAtLarge
😀 Super
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Piyush Chaudhry 15h
Replying to @harrie007
😀
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Piyush Chaudhry 16h
Traders these days
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Piyush Chaudhry 16h
Of course.
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Piyush Chaudhry 16h
Replying to @trader_k
Open / Close.
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Piyush Chaudhry 18h
It's also worth noting that the Gaps in Nifty / BankNifty are common gaps.
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Piyush Chaudhry 18h
It is. But not unbreakable. *I have no bias.
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Piyush Chaudhry 18h
Replying to @KatariyaPran
So, we would still be talking about the Dark Cloud Cover. Gap is the Trend in this case and formation of any counter trend / trend reversal pattern is what we are checking. Nifty didn't make a complete DCC, BankNifty did.
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Piyush Chaudhry 18h
Replying to @KatariyaPran
In candlesticks patterns, Establishment of Trend is an important part. Gap did the work here for establishing the Trend.
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Piyush Chaudhry 18h
Replying to @RajivRathi
Establishment of Trend is very important and 3-4 candles with very less range intersection among them are enough to do that.
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Piyush Chaudhry 18h
Replying to @KatariyaPran
But, in the case of BankNifty which has made a Dark Cloud Cover, its 'Dark Cloud Cover vs Gap' now. It's a fairly strong counter-trend reversal candlestick pattern.
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Piyush Chaudhry 18h
Replying to @KatariyaPran
No, they make no significant pattern. In the case stated by you, the second candle is merely testing gap support zone. While the first one, even if its a Doji, is a continuation candle. O/C don't matter after a huge gap. It's the Gap that's the ruling aspect.
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