Throughout my trading career, I have seen traders applying traditional price action Indicators, but they lag in many ways to Breadth tools which can give a more clear insight into any Market.
What is the difference between Indicators vs Breadth tools?
In the Chart, I tried to compare the most famous traditional indicator MACD vs US Cumulative TICK.
I am sharing my short term view in Nifty and Bank Nifty.
As you can see in this NF and BNF daily chart from the year 2015, Yesterday Bank Nifty gave breakout of this channel and managed to give close above 31000. If BNF will close above 31000 in next 1 or 2 days then it will confirm this breakout and no need to worry about the gap (gap on the daily chart...
#NimblrTA - Understanding EMA Alignment
NimblrTA uses EMA 5/21/55 on positional
1) Condition: Close > EMA 5 > EMA 21 > EMA 55
sets the tone for the alignment.
2) It must be have a momentum to reach the heights
3) Orange / Blue / Green lines gives EMA 5/21/55 on this chart
4) Crossover to align EMA for first time is the TGC (Triple Golden Cross)
5) Ratio of...
BIOCON just did a Sharp Reversal in a demand zone & might continue the rally further.
Entry : 520 <=> 525
Stoploss : 3% (Closing Basis)
Basic Target: 580
if you have any queries regarding above idea or any other stock feel free to D'M
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asian paint in channel
Exchange Segment Ticker Expiry Option Type Strike Quantity Price
NSE Futures ASIANPAINT MAY 30 2019 600 1387.7
NSE Options ASIANPAINT MAY 30 2019 Call 1440 -600 2.9
NSE Options ASIANPAINT MAY 30 2019 Put 1380 600 10.15
maximum profit 27030rs
max loss 8970