Hi Traders,
1. On 14th June 2020, I mentioned in that post is quoting for your consideration " I circled the candlestick pattern called piercing. The psychology behind it is very much clear that bulls found that price lucrative as on support zone .so they came and bought aggressively closing price days high. Novice traders seeing this pattern will jump into long side buy positions. But intelligent will wait for next day trade to find out whether the entry is of weak bulls or really strong. In fact, this pattern is Warning for short traders to cover their shorts. Those who do not later part can be painful to them. Every candle speaks else you know its psychology behind it. I am not saying you just go and take long next day. with this candle, the price to reward is not comfortable. So let the price make it comfortable by coming to the red dotted line Then buy with the sl of bull candle low. I do not recommend this trade but aggressive nature can take this. I will like to trade when the price gets activated on the next day by closing above a bull candle. Here is also a problem If the next day is also good momentum day to the upside and take price away from the upper end of the blue zone then also risk-reward will not match. so in that case you will have to buy when blue zone lower end is breached upside and price stay above this level for 30 mins then can go long with sl of a red dotted line. Once price will stable upside then in next week lower end of the white zone is my target.". You can see word to word if you match the movement of this stock you will find the same. I told to let the price gets stable then buy, do not jump aggressively. See price took two days to get stable by making two Doji then on the third day started the rally. As shared lower end of the white zone is my target. That has not been achieved. To understand this quotation with current pice, I set a previous chart for comparison.
2. In the current fig. price is at the blue zone if the lower band is taken out in 4 hr time frame then it can go into a red dotted and blue dotted line zone. Positional orders should hold their positional long until this zone is taken out in 1 hr taken out.

3. On the contrary, if the price is taken out of a yellow dotted zone then it can go to the upper end of the red channel upper band. This would be the final target of this stock.

4. On the other side, If the price takes out of a lower blue and red dotted zone price will come to the red lower zone.

5. In any case, If the lower red zone is taken out in the 4-hour zone time frame then uptrend will change to the downside. Those who are new readers of my blogs for them I share taken out condition how to implement 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. . The rest price is supreme.

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


Hai sir,i didn't completely undrstd the taken out condition .As I am a beginner and Im trying hard to go with your ideas and learn from it.
If you could provide with an example that satisfies takn out condition,it would be really helpful sir.
With hope,
thank you for your time and effort.
yvatsji Bijay_Prakash
@Bijay_Prakash, @vaibhava135 please help him with example.
vaibhava135 Bijay_Prakash
@Bijay_Prakash, please read today's BankNifty post carefully, @yvatsji sir has explained the taken-out condition very clearly. For taken out condition in a perticular time frame (for intraday trades 15 mins and 1 hour and for positional trades 4 hour and 1 day) not only the candle which takes out the level is important but also subsiquent candle/s should close beyond the taking out candle then only taken out condition is met in a time frame. So, now this condition should be met in both 15 mins and 1 hour for intraday trades and 4 hour and 1 day for positional trades. hope it is clear. you can browse the posts of @yvatsji as sir speaks of conditions in every post and the analysis of previous post where condition is met or not met. After going through few posts you will understand the how levels and conditions play important role in price movement.
Bijay_Prakash vaibhava135
@vaibhava135, sir,means,,for example ,in case of resistance line , it has to be broken with a candle close in both 1hr and 15min time frames and also the next candle close should be above the previous close. Im I right sir?? please correct me if i am wrong.
Your analysis is very good Sir... But being a novice myself I couldn't understand it much... I am just curious if it breaches 6400 levels by this expiry.
yvatsji shraghu2010
@shraghu2010, see every move in the stock market is dependent on the condition. It moves condition by condition. If any connection of these gets disqualified then the structure can change your assessment so right know I can not say.wait for conditions to fulfil.
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