NIFTY - MY TRADING VIEW
Updated
It's been a very long time since I looked at the index to trade,
but with the levels coming back to charted territory, it's getting interesting.
So, you know, I trade based on my lines.
It has come below the weekly white line now .
And additionally, I have drawn a few more lines to help me trade.
I'll trade only when it's near any of these lines as it provides me a comfortable risk reward.
The long/short will depend on the price action that forms.
Sharing if it helps anyone in aiding their trading decisions during the market hours.
I'll try to update if I do take any position and have time to write that over here live.
I have kept it at 15 min timeframe, so that you can have a detailed view over what you can see in a daily timeframe.
Will update a new one when required.
but with the levels coming back to charted territory, it's getting interesting.
So, you know, I trade based on my lines.
It has come below the weekly white line now .
And additionally, I have drawn a few more lines to help me trade.
I'll trade only when it's near any of these lines as it provides me a comfortable risk reward.
The long/short will depend on the price action that forms.
Sharing if it helps anyone in aiding their trading decisions during the market hours.
I'll try to update if I do take any position and have time to write that over here live.
I have kept it at 15 min timeframe, so that you can have a detailed view over what you can see in a daily timeframe.
Will update a new one when required.
Note
23 March : Immediately went above the line, and after sustaining for a while gave a huge upmove , only to be stopped by the blue trendline. Good long setup created.Note
So, tomorrow, 24 March, see how it acts around the blue trendline. Reverses or breaks on the upside.Note
Breaks on the upside and then good follow through by a full up green bar. Sustaining above white line is a challenge now.Note
Doesn't sustain above the white line, falls rapidly in the end.Note
Formed a double top and then a double bottom confusing traders on direction , now again trying to cross the white line.Note
1 way movement from white line thereafter.
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