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InsiderB
Jun 22, 2017 4:00 AM

Nifty : Mix n Match Combo's 

Nifty 50 IndexNSE

Description

There is an ABCD, there is a triangle formation in development, one potential Double top which is evolving within triangle.. yea... We have various pattern styles in single chart of Nifty. Versatility in one word.

We have good triangle formation, most of you might have found earlier itself & we are expecting a false breakout on the upper trendline with Double top to move down later in the day or 2mrw. WHY ?! Whenever there is less volatility, big funds gets active bcos that's the time they can do stop hunting bcos for positionals stops will be widers, you can't move market till those zones. but in less volatile days, stop loss orders will be crowded in specific zones & bcos of scalping trades it will be within few points reach, so just a single wick takes out the stops on less volatile days.

If I'm not wrong, I think I didn't post that ABCD to community, anyway even if its after move, will be helpful for your learning how it worked , time n again proved.
Nifty made a move while I'm writing the description, not a prob , posting as it is, if you are scalping just take care where your stop orders are placed.

Happy Trading !

Comment

Is the font size too small ? Let me know, I'm using different monitor than usual one.

Comment



For additional confirmation on 15 mins, go for RSI or stoch

Comment

When we call something false breakout, indeed it is "falls" breakout , thanks to Nifty :)
Comments
theeye
Hi, neat n clear charting indeed... prefect down move.....
InsiderB
@theeye, thank you :)
raoadnan84
;)
LakshyaMartian
Kudos 2 u Insider bro.. really appreciate ur views.. Can u suggest me some book or material to learn TA from scratch? I want to become an independent trader.
nsi
Super Duper bro... cheers
InsiderB
@nsi, thank you :)
nsi
@InsiderB, what do you use to measure volatility ? VIX ?
InsiderB
@nsi, actually in above post, I mentioned volatility in broader terms, range kind of ( ATR n others )
ace2009
font size is okey ,no problem
:)
InsiderB
@ace2009, Thank you
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