1. On the 10th of October 2020, I wrote in the weekly Blog of nifty in clear and crystal words about the movements of nifty for the coming days. As I had to take a break, therefore, I manifested the complete move for 15 days. That I prove you step by step see my first statement in point no. 1 of the trading section is quoting fas proof " See in the current fig I made a pink line as resistance If the price has to move up then it has to take this line up in both times frames of 1h and 15 min. It has to fulfill my condition taken out. there is one possibility in the next session it fulfills that condition without fall then this will be a trap for bulls. so trade cautiously.". Here in clear words, I mentioned if the price has to go upside that has to fulfill my taken out condition first. See carefully on current chart circled the first attempt in a white circle Made dragonfly and could not fulfill taken out condition. In the second attempt circled in pink made belt hold and gave you 360 points straight to a given box in red color as support 15 days back. From that support gave straight 360 points again to pink resistance 15 days back. Here this time fulfilled taken out condition but with a twist made so obviously, that is false fulfillment of a taken out condition. The very clear price will fall and gave 255 points a total of 960 points approximately. shown in green arrows. I was not here to guide you straight forward but my analysis who followed my wordings earned this many points in 15 days. Have been proving consistently since my first blog on this platform without fail, what I manifest you see price following it.
2. The by news could not go beyond my analysis that is in mind of traders not in my analysis. This is simply covered in two lines and one box. When you have depth in your analysis result will be in simple lines with such accuracy. I talked of the trap in my statement above in the first attempt that you saw in the third attempt. Price followed my statement but with a little twist. could not ignore trap as manifested so meticulously 15 days advance. In the second point of the trading plan section how clearly I mentioned for use of the box for buying is quoting for your consideration." On the other side If the price does not fulfill taken out the condition and falls that would be healthy for the next upside move. use that fall for buying. A red zone is seen as a this should be used for buying. Had anybody used my words for trading earned a lot of money from the market? This depth can e created only when one devotes his life to the stock market. IIf you have that potential you all can do it in your analysis. See why I made a red dotted line of the previous chart and put an arrow exactly below it, circled in pink price took support. Ask yourself why price bow on my levels? It nade pattern there. Setting the previous fig. to compare with the current so that you could feel the real depth of my wordings.
Trade Plan For Next Week
1. As price made an pattern on the red dotted line if the price has to change its trend to upside then the black dotted line has to take out in both time frames of 1 hr and 15 min. Aggressive traders can go long on 15 min but with stop loss. The target would be a pink line.
2. On the contrary if the price takes in both time frames downside then more fall can be seen. The metrological department can not deliver its forecast consistently correct but I try to give consistency in my analysis proving since the first blog.
3. For new readers how taken out condition works is writing for your learning. 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 the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.