And forming another Anti , To complete, it has to reach 10670 Level. But the support for Nifty is available @10650 level.
So for Intraday what should be the Strategy?
There are two possibilities.
1. Nifty Opens with a gap up.
Then in this scenario we can assume that the becomes activated, But according to our rule we will enter in the retracement.
Since the pattern is formed on a Daily time frame we can expect a downwards retracement of 10700-696-770.
If higher high and higher low is seen in 5 min time frame we will enter to have a target of 10840.
2. Nifty Opens with gap down.
Then we have to wait and watch till it goes down and comes up with higher high and higher low in 5 min time frame.
The above #1 scenario we have to look into, as Nifty has a depth to reach 10650, we will wait and watch for a entry.
So my view on Nifty will be Reversal from the Green color box.
Before it goes up to 11000 mark it has to consolidate in the range 10650-10880 for some days.
So trade safe. with tight stop loss. I will update the entries and exit during market hours.
Please like, comment and share, it will encourage to post new new ideas.
>>Since the pattern is formed on a Daily time frame we can expect a downwards retracement of
You consider only chart for analysis or anything else?
As after a big fall yesterday you predicted a reversal where all others were telling10500-600 .
U are awesome Sir, today also 12k + . Thanks to you.