Real-Time a "Price Rotation" on NIFTY with comprehesive study.
Updated
A previous-Resistance & trendline R. still existed at 11783.
I did not cover here penetration because I teach about it earlier.
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WHAT IS "PRICE ROTATION" and all about it?
Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area.
The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand.
Those type of value areas will offer extremely powerful support and resistance areas for future price action. In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade.
I WILL WRITE ON THIS TOPIC VERY SOON: The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
I did not cover here penetration because I teach about it earlier.
---> Hit LIKE button to get the ALERT by notification.
-------------------------------------------------------------------------------------------------------------------
WHAT IS "PRICE ROTATION" and all about it?
Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area.
- It is generally caused due to trader indecisiveness
- Price movements are broken upon major news.
- The price rotation is the fair market value.
The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand.
Those type of value areas will offer extremely powerful support and resistance areas for future price action. In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade.
I WILL WRITE ON THIS TOPIC VERY SOON: The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
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I suggest buying BUY NIFTY JUNE2019 call of strike Rs.3 to Rs.5.55 for targets 13-19 and Rs 26-30 intradayTrade closed manually
Above is mistaken and missed in writing.Trade active
I suggest buying BUY NIFTY JUNE2019 PUT of strike 11750 Rs.3 to Rs.5.55 for targets 13-19 and Rs 26-30 intradayNote
CMP 11 doubled your trade MONEY. :)Trade active
Here is Resistance if not excess.
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There is also a chance to BREAK-UP. be careful.Trade closed manually
Finally, we have seen up BREAK-OUT.Trade active
This 15min is important to understand the next TREND and DirectionTrade closed: target reached
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