1. I have been providing regularly the update on bajaj finance whatever the targets , I gave all were met continuously. Last week post In point no.1 I wrote is quoting for your authentication how word to word stock reacted as shared " There you can see a pink circle showing a variation of dark cloud pattern of a . This is activated now as the last trading candle has closed below the pattern's second candle low. If the next day trading candle is closed below the white candle low then the price is expected to go in next week to the blue and red dotted line.". See the previous figure at the lower band of white zone three is one small candle type candle which gave closing above the low of the previous white candle. That I explained in point no.1 of the previous post and quoted above. See how price takes my words to move the next day. The purpose is to authenticate my statements is to motivate you all to learn this unique language and Grow in your life. In my 14 years of the journey when I learned you all can learn if that sort of hard work anybody can put.
2. In point no 4 of the previous post I clearly mentioned is quoting for as proof of my statement " If price takes out on 4 hrs time frame the upper pink line then the price will move to a red color upper line." You can see priced reached red upper line. This is how I manifest my trades before any moves. Proving in every post in the form of my conditions. The trading view is full of my record of 185+ posts in a short span of three months.
Trade Plan For Next Week
1. I made a yellow zone If the next session price sustains this then get chances of going up will remain intact otherwise price can go to pink zone.
Here one condition is to be followed carefully is of the sustainability of price in a yellow zone does not mean that price is ready to cross the red upper zone. if sustains then the price will move to the upper red zone. But until it takes out in both time frames It will not achieve next target of the white upper line.
2. Those new to read my blogs for them I write taken out condition it is essential to get cleared all concept of this condition. otherwise, you will not able to take the correct decision for your trade."Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
3. In any case, If the pink zone is taken out in both time frames then the trend will reverse to the downside. Those holding long should clear their position when you find the price has breached the upper band of the pink zone in 30 min and do not come back in that time frame. That would be a safe approach. You can enter longs again if the pink color zone taken out condition get failed. The rest price will decide.
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
People who are seeing this msg just understand, and search with my name. I am following SIR strategies from last 1 month.
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