1) Red line was there in the chart it was obviously target 5. 2)Out of seven hourly candle of today 1st candle was hammer 2nd huge green candle took out the high of the 1st candle it crossed the target 4 and touched target 5.Todays 3 rd candle was doji candle it was followed by a red candle which has a large wick. This red candle has been shown at the arrow mark. Rest of the candles are inside bars of this red candle. as per inside bar trading the breaking of high and low of this red candle should detect the direction. 3) when stochiastic in over bought condition it may remain in over bought condition in hourly time frame in a bullish market. But entering at a slight dip is always rewarding. 4) Bank nifty rally is not yet over. 5) if some one watches closely starting from red hourly bar rest of the bar is forming a triangle. equal thrusts from buying side and selling side. This may be due to expiry. 6)Normally triangle forms in wave B or in wave 4, it may be the wave 4 sub wave of this rally of course expiry factor is there. 6.wish every body trade carefully. 7) Don't forget to like this post. Follow me to get updates. 8) please go through the attached posts.
So 35950 on upper side and 35800 on lower side needs to be broken ? But it's very narrow range
bijoy2526
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@consultanilkumarg, theoretically Inside bar trading strategy suggests that. It does not mean that if it breaks the lower side Bank nifty will collapse .Buy on dip should be the strategy.
with stop loss near higher low ,low of Wednesday .Inside bar trading strategy not a new phenomena. Hence there is a chance to get trapped too .Hence you should think and plan your trade accordingly as the trade progresses.