A Bearish Kumo Twist on the daily on 22nd feb and a weak TK cross on 19th feb...wait fr 2 candle close below the cloud and then sell Nifty fr
10350/10200 and 10000. SL will be candle close above cloud.
Around the World, Indice Derivatives are the highest traded contracts.
Understanding the Indice's formation is more important to trade them.
90% of the Global Indices are Capitalized weighted and to understand their formation, we need to go deep in to the mathematics to reconstruct the Indice based on allocated weightage of the stocks.
The Primary advantage of...
Approching Resistance Zone.
Cloud May Act As Resistance.
200 EMA Resistance.
Trend Line Resistance.
Sell On Rise As Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI registered Financial Advisor.
RISING WEDGE (on 45mTF)within a larger FALLING WEDGE (on DailyTF), however, broken out of the Falling Wedge.
If tests 86.05 and retraces then can open a long trade at 86.5 for a T1 of 89.10 positional
If breaks below 86.05 then can test 83.35 and we should see its reaction at this level. If retraces, upmove again till 86.05. Else,...
DO NOT SHORT SELL UNLESS THE SMALL FALLING WEDGE IS BROKEN.
TRADE ALL THE BREAKOUTS AS PER MONK STRATEGY.
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ALL THE BEST!