yvatsji

TARGET GIVEN ON AUG 22, ACHIEVED IN BNF ON AUG 28 SEE YOURSELF!!

NSE:BANKNIFTY   Nifty Bank Index
Hi Traders,
1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior to the real action. " The red dotted line if taken out in both time frames then you see the price going to green dotted line and blue zone." you can see when taken out the condition on both time frames activated then the target was achieved. see the red dotted line was taken out with a white bullish candle and this time price did not dare test this red dotted line level and reached to green dotted and blue zone.

2. I did not stop here to manifest the whole move in advance here in point no. 2 of the trading plan section what I mentioned is quoting as proof of further visualization of the move "In case the price falls from the lower end of the above-mentioned zone that is a green dotted line and gets recovers after consolidation then the importance of blue line that is the upper end of green dotted line blue line zone will be mitigated. And the target, in that case, will be a green solid upper line." Here you can see how crystal clearly I mentioned the condition where if price falls from green dotted line then the blue line that is the upper line of zone gets mitigated otherwise has importance. See price did not fall from green dotted line whereas took the support of the same green dotted line and reached the blue line where took resistance showing in the pink box for continuous 5 hours. See condition was how precisely written that actual price action showed not filling from green dotted line fall has importance and held price here for 5 hours. when I manifest all moves so meticulously then you should earn money from my analysis. Who can give you all moves in advance so precisely on any platform available across India? I am using these words because consistently proving all my analysis since I started to write without fail. whether stocks or indexes. One of my motives is to make your trading easy.

3. On every support or resistance, I apply taken out conditions because among many I select those which have the potential to work. If any random resistance or support selected then instead of giving a clear perspective of trading they will confuse you by activating and going wrong later on. Now see the pink color circle which is showing a breached candle on the green line. Here I am showing how one has to deal with the taken-out condition a candle showing activation of taken out the condition on both time frames. The next candle is an entry point. And a stop loss of this entry is shown in the pink line. After that see had you followed my conditions religiously, you would have been the part of boom...
I showed the same entries many times in my blogs again showing for new readers. If you apply the same logic of entry on all given support and resistance I guarantee 80 % success rates rest is the cases of sideways moves of price but only with my support and resistance.

4. Now I show you what you see this week I already knew and not only showed in manifestation of my analysis. Even one of my followers wrote all his feeling in capital letters which reached my heart. And I had to disclose the same move on a week ago in comment box of nifty Agust 21, post.
ckirtane
Aug 22
DO YOU WANT TO SAY IF YELLOW SOLID LINE(11571) IS NOT TAKEN OUT THEN UPTREND (STARTED FROM 7500) IS OVER FOR THIS BULL RUN? AS PER CONDITION NO 2.& NEW DOWN TREND WILL START . SECONDLY IF WHITE SUPPORT LINE(11112) IS BROKE THEN NEW BEAR TREND WILL START? PLEASE CLARIFY FOR THE HELP OF ALL FOLLOWERS.
PLEASE ALSO COME ON BOARD AT LEAST ONCE IN 3 DAYS TO GUIDE US AS I STOPPED TRADING WITHOUT YOUR GUIDANCE.


yvatsji
Aug 22
@ckirtane, I am awfully sorry not posting on a regular basis. Your message the last line affected me much " stopped trading". My mission is maximum people make money by trading. That is why started providing clues so that they can understand and create money for themselves. I was against of it as is used for tips not for creating education. Though I started for the sake of traders. Now come to your query. See I posted three months back when nifty was at 7500 that bottom has made that I wrote in many posts of nifty. All available on record. In today's post, you are taking the wrong impression of a big fall. See price is in the impulsive wave it will give you small correction but will make a new high. The correction will be small. For your confidence, I disclose to you that the condition which I gave for the downside will not activate you will see the price going to 11700 in next week. If there will be a change in it I am capable to know the same time. Just your last line made me compelled to disclosing otherwise I do not prefer to give this concrete information to anybody. Start trading take clues by joining Trade "n" Grow.

Cheers.

setting the previous post fig by comparing it with the current fig above.
Trading plan for next week.


1. A blue trend line is seen in the current fig that is important to take out on both time frames of 15 & 1 hour. Then target would be a pink line green arrow showing this journey of price. Here I would like to mention sometimes condition gets activated and price moves in the upper side but after some times it converts its movement to the downside to test the trendline and if not consolidate here above the breached candle and does not cross the recent high, then chances to get failed will prevail. this trendline will give you false break out. so be cautious with stop loss even after activation of taken out condition.

2. on the contrary a white line is shown in fig if it is taken out in both time frames of any day then positional long should be covered. The complete structure could change to deep correction. But here also one condition that taken out condition is not met then you will see a bounce if that one could not take out august 28 high then get ready for a deep correction.

3. My words in the form of condition are valuable if could not understand properly then ........ For new readers writing taken out condition:-
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.

YOGESH VATS

Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.



























Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.