SGX NIFTY IS AT SUPPORT ZONE HOW WILL IT EFFECT NIFTY !!
COMPARING MY LAST STATEMENTS IN SGX WITH TODAY ACTUAL MOVE.
1. Yesterday in point no. 3. I mentioned that untill and unless a green trendline is breached nifty can go down with the target of red zone . But it breached in morning that is why nifty did not show big fall.
2. yesterday in sane point no.3 I also mentioned that when price will reach at red zone a trend revesal will be seen see same is happening . i circled that reversal in pink color. Price breached lower end of zone and came back in same zone. This is called breach not taken out. I made this diffrence clear in detail in bnf post see example. Since one and half months I posted 73 post that was my starting to share with public. Can you take out any post where i missed my target. i want you all to do hard work burn night oil to learn this skill.
3. See hammer candle with buying pressure is at zone and gives revesal imformation of previous trend. I showed one dotted yellow line with price and second dotted line with decreasing voulme. This gives me imformation of divergence. It means this up move can test the lower band of zone in morning. If test become sucessful then revesal will confrim, then long position can be initiated. If low of hammer candle is breached then down trend will continue.
4. Effect on nifty is that if test is confrimed then nifty wiil not fall in morning, otherwise it will fall. As per my feeling at least in morning chances are less to fall. Mr. X when you asked me in afternoon to short bnf and carry I refused because this reversal was expected
This was one of the reasons. Hope you all would be learning daily new things in market. Those who follow me on twitter, I sahre psychology of market so that, with analysis this concept would also be cleared . Rest market will dcecide. I can be wrong any time any day. But like to maintain my strike rate.
Yogesh Vats
1. Yesterday in point no. 3. I mentioned that untill and unless a green trendline is breached nifty can go down with the target of red zone . But it breached in morning that is why nifty did not show big fall.
2. yesterday in sane point no.3 I also mentioned that when price will reach at red zone a trend revesal will be seen see same is happening . i circled that reversal in pink color. Price breached lower end of zone and came back in same zone. This is called breach not taken out. I made this diffrence clear in detail in bnf post see example. Since one and half months I posted 73 post that was my starting to share with public. Can you take out any post where i missed my target. i want you all to do hard work burn night oil to learn this skill.
3. See hammer candle with buying pressure is at zone and gives revesal imformation of previous trend. I showed one dotted yellow line with price and second dotted line with decreasing voulme. This gives me imformation of divergence. It means this up move can test the lower band of zone in morning. If test become sucessful then revesal will confrim, then long position can be initiated. If low of hammer candle is breached then down trend will continue.
4. Effect on nifty is that if test is confrimed then nifty wiil not fall in morning, otherwise it will fall. As per my feeling at least in morning chances are less to fall. Mr. X when you asked me in afternoon to short bnf and carry I refused because this reversal was expected
This was one of the reasons. Hope you all would be learning daily new things in market. Those who follow me on twitter, I sahre psychology of market so that, with analysis this concept would also be cleared . Rest market will dcecide. I can be wrong any time any day. But like to maintain my strike rate.
Yogesh Vats
t.me/tradengrow
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www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g