Whenever you see a higher time frame chart you should ask 2 questions --
1) What trend is the market in ??
2)where are major levels of structure that you should be paying attention to - in that direction ?
SO in the chart i have shown above the answers are following
1) Trend is bearish
2) Major levels of support and resistance are drawn in Horizontal blue...
Corrections over the video
11125-11140 as tops instead of bottoms
Target of 11125-11175 instead of 12125 -12175
Most of The Exit Polls Suggesting Landslide Victory to NDA in Elections 2019 - Being Wave Analyst -I had drawn my conclusions when 10585 -Magical double bottom was formed in Feb 2019- Let us see what the next dawn has stored for India.
Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty . They spend a huge amount of Money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
I have tried to analyse some of the data and fundamental of NIFTY.
Some of the traders are thinking that the market made a top @ 12000. My point of view if NIFTY is spending sufficient time on a higher level that means 12000 is not a top for Nifty.
Options data for current expiry is showing a wide range for Nifty is...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=110.45.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=110.65.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Profit booking today from Lifetime High 12000+
_ Many Members Asking, Why this fall??_
Simple Reason: "Buy on Rumors, Sell on News"
Exit Poll was Rumor so Smart money Buy there,
Now its confirm so Clear profit booking.
But on Long term, Stable Gov is Good Signal for Market ahead TGT 13000 in next 1-2 years
Today Nifty fall from 12000 to 11614
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...