yvatsji
Short

NIFTY BUYING IS BECAUSE OF ITS LIMITED DOWN SIDE SEE HOW?

NSE:NIFTY   Nifty 50 Index
COMPARING MY YESTERDAY STATEMENTS WITH REAL PRICE MOVE TODAY.

1. In point no 1 of trade plan see first line " at red resistance line you can see nifty made an evening star pattern . It is activated as next candle is below previous candle close is below previous candle. so watch whether it breached red dotted line to change trend of upward side. if it is done then find selling setup with the target of green dotted line" . When this condition is not breached in morning then no chances of short trade. Though my view was of short side. Very clearly mentioned when to go short. So follow all conditions religiously.
2. In point no.2 of trade plan. "chances of going down will be high on breaking red dotted trendline ." Even hare i clearly mention what to do. Even a novice trader follow all my instructions can earn daily. In bnf comment box traders did not follow my conditions so could not make money except one or two.
Trade plan for next day
1. It is same till red dotted trend line is breached you are not supposed to be short . Blue line Resistance is your target. But take this line seriously.It can change whole trend.
2. If blue line is taken out then can go more Long side. Other wise need to be caution at blue line. Nifty buying is because In last many post I told nifty has made its bottom so down ward journey is limited . Because structure is proving going into extension. Making lower side structure shorter. Rest market will decide.
YOGESH VATS

Comments

sir i am a college student recently started with stock market.... i dont know much about stock market...so if u can suggest to a student from where to start
indian/foreign authors courses ?? anything
Reply
Novice200 abthk111
@abthk111, Hi sir suggested candlestick course by steve nison to start it off. I recently started reading it too. It is a wonderful book, I'm yet to complete it though. But so far it has been nice.
Reply
abthk111 Novice200
@Novice200, thanks bro
Reply
Novice200 abthk111
@abthk111, You're welcome!
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Target achieved bro
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Is there potential for more upmove?
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should the red dotted line be taken out or breached sir for shorting???
Reply
yvatsji thanmaibk
@thanmaibk, let it breach first then find sell setup on lower time frame then short.
Reply
thanmaibk yvatsji
@yvatsji, yea sure sir thank you
Reply
for evening star shouldnt top of the three candles be the stop loss
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