COMPARING MY PREVIOUS STATEMENTS WITH REAL MOVE TODAY.
1. Two sessions back what I have already quoted in previous post need not to highlight again. I clearly said that structure of nifty is of long side and will achieve its white dotted line in day or two. This is the second session and that target of long is achieved. you can see in fig. 2. In last post on nifty point no.2 (trade plan ) i clearly mentioned that "what i feel if next trading session opening negative then price will break red trendline and will move to red zonee." This condition did not apply as price opened gap up and did not beach red dotted trendline so obviously price would move up . same it moved to white dotted line mentioned last week. 3. See I have written many times stock market language is probability. Nothing is sure in stock market . But it works on some logic of conditions. If you understand and follow all conditioned mentioned with little logic . You will get to know the right direction of trade and sl. If went wrong then condition will let you force to quit wrong side trade. What is manifested with the help of support, resistance ,zones and structure of moves with different possibilities can show you the right track of trading . Just you have to follow the instruction with applying some logic before entry and exit. Every day I prove my statements with real move next day. all go in same manner which I share on day before move. Conditions have power to switch you sentiments without making you confused with price action. The visibility of trade can be seen with help of conditions . You need little practice. One can not switch one's sentiments but condition can. Probability can never be predicted it use if . Learn to see move of stock in if. Trade Plan for next session.
1. At red resistance line you can see nifty made an evening star pattern . It is activated as next candle close is below previous candle. So watch whether it breach red dotted line to change trend of up ward side . If it is done then Find selling setup with the target of green dotted trendline. 2. In any case nifty open gap up then that might be last leg of upside in coming days . On other side if price crosses upper red resistance while trading then same condition will apply. 3. Chances of going down will be high on breaking red dotted trendline with white dotted support line. Rest market will decide. I never claim that can not be wrong any day any time.. But maintained my strike rate on record available in form of my previous post.
@vishalpan Or if it breaks recent highs (9,941) it bound to test 10,153 and if sustained will move up to 10,447-10,537
shall we consider, the nifty now @ 9965 is validating the opinion
vishalpan
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I agree with @yvatsji , if it breaches that dotted red line (which hasn't been breached in the rally)... next lower train stop is 9,654.37, if it breaches that we shall witness 9,377 :) soon (5-7 sessions max) .... and i would like to see Nifty at around 9,265 anytime in this month :)
Or if it breaks recent highs (9,941) it bound to test 10,153 and if sustained will move up to 10,447-10,537
selling pressure increasing in NF and BNF so watch closely
arvind6261
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bnf breached upper zone may buy setup possible for target 20500
unsethi
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@yvatsji What could be the probable upside of the Last leg?
unsethi
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In point no 2, what does "the same condition will apply" mean, whether it is referring to conditions mentioned in Point no. 1 only?
And what could be the upside of this last leg?
RoyRishu
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@unsethi, it means the condition of gap up will be applied
Or if it breaks recent highs (9,941) it bound to test 10,153 and if sustained will move up to 10,447-10,537
shall we consider, the nifty now @ 9965 is validating the opinion