COMPARING MY LAST STATEMENT WITH TODAY"S ACTUAL MOVE.
1. IN SECOND POINT OF YESTERDAY POST I CLEARLY MENTIONED THAT ENTRY OF BULLS IS SEEN ON WEDNESDAY CANDLE. IF THEY ARE STRONG THEN THEY WILL TAKE PRICE OUT OF WHITE DOTTED LINE AND IF IT DO NOT COME BACK IN 30 MIN THEN TREND WILL CHANGE TO LONG. SEE MARKET OPEN WITH GOOD GAP BUT BULLS WERE NOT STRONG EVEN TO HOLD PRICE FOR 5 MIN ABOVE WHITE DOTTED LINE. SEE THE PRECISION OF DOTTED WHITE LINE I GAVE YOU LAST WEEK IT HAS NOT BEEN TAKEN OUT YET. 2. ON OTHERSIDE THE WHITE AND RED ZONE HAS NOT BEEN TAKEN OUT DOWN TILL YET. MARKET IS RANGE BOUND AND EXPECTED TO REMAIN FEW MORE DAYS. 3. TWO ARROWS ONE GREEN AND SECOND RED IN FIG .IF THE HIGH OF TODAY CANDLE IS TAKEN OUT THEN LONG CAN BE INITIATED. ON OTHERSIDE RED DOWN ARROW MEANS RED AND WHITE ZONE LOWER END IS TAKEN OUT THEN SHORTS CAN BE INITIATED. 4. BETWEEN GREEN AND RED SUPPORT IS NO TRADING ZONE .PRICE CAN MOVE ANY SIDE ANY TIME TRAPPING BOTH SIDES IN NO TRADING ZONE. SO I YOU TRADE ZONE THEN BE CAREFUL TO BOOK PR AS SOON AS POSSIBLE. 5. TODAY CANDLE IS CLOSED BEARISH BUT DID NOT EVEN BREACH THE GREEN AND WHITE DOTTED NEW ZONE . SO CHANCES ARE GOOD TO TEST TODAYS HIGH . REST MARKET WILL DECIDE. YOGESH VATS.
Kuch bhi circle bana do
White dotted line has been breached now acc to ur previous post its a uptrend
yvatsji
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@akki_0211, Pl see the fig carefully and match with instructions I always say any level taken out and many times written difference between breached and taken out. Do your home work properly than raise questions. Understand first this language. With change of structures in market scenario also change.
yvatsji
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@akki_0211, in 11may post I talked about breached that day did not happen. In 12 may post scenarios have changed in point no2 I talked about price should stay after beaching and should not come back in 30 mins it cane today in five mins. First understand the instructions carefully. Create your understanding to that level then raise questions. Now I understand your level for this market. Its not your fault..
Barryjayn
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Thank you so much sir for this next level insight. How much ever we thank you its less. :)
A little bit of confusion arises as on top in red it says short whereas in statement 5 you are expecting a test of today's high of 9584.5. As per your analysis is it that the market will remain range bound (statement 2) and then breakout above 9584.5 before going down? Detailed analysis is once again appreciated.
yvatsji
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@sanketsudan, yes market is expected to be range bound clear long and short is through two arrow where i marked.
White dotted line has been breached now acc to ur previous post its a uptrend