yvatsji

MARKET ALWAYS GIVE WEIGHTAGE TO MY ANALYSIS SEE HOW ?

Long
NSE:BANKNIFTY   Nifty Bank Index
COMPARING MY FRIDAY'S STATEMENTS WITH REAL PRICE ACTION TODAY.

1. In previous post the very first point i said " chances of gap down open because all factors to take price down are now complete." You can see how in first hours market crashed . In 2nd point i said " blue line would be my target to book shorts." In fact there was a red support line on chart I also booked my carry forward positions . See momentum was so fast I also decided to book near red line. In this way all my statements were respected by bnf. Why I say market has good friendship with my analysis. Judge yourself.

2. At 10.30 I updated my idea , hope all followers would have got in their mail box same in time. What I updated, you all know but I recall it for those who did not see in their mail boxes. See I clearly mentioned that now price at red support will make zone then consolidation will start. You can see exactly what I manifested beore move that is now proof in form of actual consolidation.

3. I always say market move is alraedy in charts but one needs the depth to see and manifest one day prior it actual happens. More then 75 ideas have been posted till yet . Search a single post where I missed my strike rate. This consistency is reqired to make money in this market. I never Forget I can be wrong any time . But like to maintain my strike rate.

Trading plan For next day.

1. As already told in update bnf is going to make a zone that you can see in fig red solid upper band , green solid lower band. See this zone is not confrimed till yet. To confrim it price should take out upper red band of zone. Remember the conditions of taken out, new comers can see my previous last two post on bnf.

2. A pink circle on left side shows the characterstick of white channel. It shows that price breached this band of channel but could not take out. Similarly see green circle where price breached it today but could not take it out in next four hours. This gives me confidence that tomorrow a pull back trade in green circle can be seen with the target of blue support converted resistance line. Here price will make a micro zone either up side or down side.Then price is expected to be range bound between red , green zone to blue line.

3. A red dotted ref line is shown in Fig. if price takes it out then chances to go white upper band of channel will be confrimed.
Those who are thinking trend has now changes to upwars side then they are mistaken. Bnf will move down in coming days. That i have been told several times in my previous posts. Rest market will decide.

YOGESH VATS

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