NIFTY IS PLANING TO TRAP BEARS IN NEXT WEEK SEE HOW ?

May 1, 2020

NIFTY
Trap is created in nity for bears to enter in current phase of nifty. See a pink color upper zone where price has reached to lower end of this zone. A reentry point has been created by bulls in white support line where they will test the demand to take price up from pink upper zone in coming days. A white structure move shown in fig is the pattren that will be created. I am expecting two leg move in up direction. Entry point for long is shown in fig. perhaps monday onwards for time being nifty is going to range bound for day or two. With trend pullback is expected that will trap all bears so no positional trades till price come to lower green trend channel line. In range bound trades one should be skilled enough to trade either sides with small pr booking. nity is in phase of re- accumulation after traping bears soon will convert into re-distrubution phase. so I do not expect nity can take out upper band of green channel in future. keep in mind the structure in white for next week. Rest market will decide.
yogesh vats

May 1, 2020

Note

With the feed back in comment box, I feel that today I wrote all description in very typical technical language hoping all would know the language of stock market. I apologize for that. I do admit using those words which many of you are not familiar with. In my previous posts I tried to keep in low profile that is why understood by everyone. OK let's make the explanation simple. See trap of bears which is not visible in chart till yet. Since I manifest the move PRIOR it happens in coming days with the help of concepts I used in technical words. So I find if buy line shown in fig remains intact then white structure shown in fig will be followed.. The bears who take price to buying level will be traped because price will move to upper band of red zone. In this context I said bear will be trapped in next week. On the contrary if buy line is taken out then structure which I feel will work, can change to down side. Traping bulls. Trading is the game of changing sentiments with price so one should know the psychological points where structure can change. So that trade can also change his/her mind set.