NIFTY Dynamic Chart on 15 mins

Updated
snapshot

Above red trendline is bullish and can give a small short covering
Light blue is support, if broken on downside, bearish
Deep blue is super bullish on smaller time frame
below orange is super bearish on smaller time frame.

View can be made only after candle close. Use momentum if breaking trendline with strict SL
Note
Price between orange and red trendline is premium erosion
Note
As long as 200 ema is above 1000 ema, i dont take bearish trades. And if price trades above 200 ema it is strict no bearish trades. Same veice versa.

All this on 1 min time frame. Nifty spot
Note
Above red trendline and we are getting green shots.
Note
Exit part position at deep blue trenline
Note
Full exit at deep blue trenline
Note
One can load candle bars on the charts to see price behaviour at trendlines
Note
Reason for my full exit at deep blue trendline is this now what is happening
Note
Check what happened at deep blue trendline
Note
We are at Support on 15 mins
Keep watching. Also check my BN view
Note
All out war at the light green trendline which is a support on 15 mins.
Beyond Technical AnalysisTechnical Indicators

Also on:

Disclaimer