Hi Traders,
1. On 15th July, post in point no.1 of the trading plan, I clearly mentioned is quoting as proof of my statement and compare it with the current chart " Today low is important If it is breached and 15 min candle gives closing below this low then chances of upside move will finish. And on taking out the red upper band of the lower zone, the price will travel to the lower band of the zone." See in 15 min chart the next day 15 min candle breached the red line and gave closing below the line. But the next 15 min candle gave closing above redline. And price never came back to that low. This means that taken out condition of this level is broken neither in 1-hour time frame nor in 15 min. All followers know when the condition is not satisfied means no change in trend. That how perfectly mentioned in the above-highlighted condition. Can you imagine this manifestation was done before the move and title of 15th July "BNF STANDING AT CRITICAL LEVEL SEE HOW TO TRADE !!" proves my understanding with price movement is so precise which forced me to give this title of the post. Why I selected that red line for change in sentiments is a question of thinking. Because after move anybody can co-relate but before move how many cans?

2. Now come to the third point of the trading plan of the last post is quoting for you." opening at what price and sustaining in the next 15 min will decide the direction of Bnf. That is why I gave the title of critical stage price is standing on."
Here I used word sustaining in the next 15min you saw only the first 15 min candle was full bearish but could not sustain that sentiment and price moved up. That is the perfection of words no need to mention who can see the move can only write with this sort of accuracy.

3. Before going to trading plan section for the next trading session, I Like to Inform in last three months the number profit-earning traders are increasing day by day and many of them share their trades in comment pox of nifty and BNF post struggling traders and newbies should read in this way, they will be motivated and many educational questions are asked where replies will also increase your knowledge to understand the market in a practical way. To better compare of above-mentioned statements, I set a previous post chart for you so that you can compare each discussed aspects.
Trade Plan Of The Next Session.

1. With the change of structure, some previous lines are erased and new are drawn so do not get confused. One has to change with sentiments of price. A yellow dotted line is seen on the chart this implies that If price breach this line and take it out on 15 min chart then uptrend will reverse to downtrend. I prefer on breaching all longs should be cleared. the satisfying condition will confirm it.

2. Blue dotted line is breached in a 1-hour time frame but not taken out yet small candle confuses it by satisfying the condition but I do not count it as the trading period is only 15 min. This satisfied the condition of 15 min not 1 hour. As you all know we need both conditions to be satisfying the up move. If this is satisfied then you will see price moving to pink line where it is expected to get resistance.

3. If the pink color line is taken out in 15 min not necessarily in 1 hour then breached candle sl long can be created with the target of the blue line.

4. For new readers taken out condition is as follows:-
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.

5. Above mentioned condition is valid for trending move but for range-bound move please see 8th July post that link is attached in downside box. Until and unless you understand these two cases can not understand my analysis. The rest market will decide.


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