Nifty exactly following our project and you can also it here.
The price seems to move value low which has stronger support 11850 and 11825 nearby.
This support can attract the buyers and control price will be a target for them.
The better way to trade at value low with the tail if this is not breakdown.
We have to think for breakdown also here. I ll alert of it is the breakdown.
IF YOU WANT EXACT UPDATE, THEN LIKE THIS POST AND YOU WILL GET ALERT ON TRADINGVIEW.COM
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The PriceRotation breaks up/down with penetration will create the result of a spike. A trader can identify the direction of the trend by volume surge, read through the candle, timeCycle of rotation, etc.
This is a real-world example for a trader.
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we are till waiting for price come to the value low. And create doji(tail) which lead us to buy it.
If you follow me, you ll GET NEW UPDATE also.
Trade active
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11825 nearby support active...!
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Do you understand price rotation from the real world example, the price moved to upside of the box and then break-down the rotation and moving down way.
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BANKNIFTY and NIFTY both are creating excess, the surge in the candle will give you U-turn on both index. Look at the chart closely and read it.
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This is another REAL-WORLD example with a trade; please LIKE it you want to trade or understand it realtime.
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Exactly Nifty has taken support which was mention by me. :) I hope you enjoying my hard work.
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We caught exact U-Trun of nifty and Banknifty. I have bought @11850 Call at 8.4 and sold @38.
I am really happy because you are also wtih me. Thank you very much liking my posts.
You can also check My PROFILE for more about me and activities.
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This is a crucial level for a long position, in this situation require to keep trail-stop-loss.
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There was not fall and move up... I hope your trail stop-loss not triggered you are in good profit.
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Exactly happened what I alert you.
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Have a Nice Weekend, you still not following me then hit the FOLLOW button.
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SEE everything is going as expected, Did you check my PROFILE for BANKNIFTY chart and projection?
I am holding cipla one lot short at 567 yesterday. I am in profit but waiting for traget kindly update anything change.
Trade-Technique
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@HemangiWorlikar, suppose to close below the 560, then hold it with both tight hands for more target.
atrehan
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Yeah. this parallel tail will be crucial watchout.
JaydevRaval
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@atrehan, As per my view, nifty should break it down and fall with big spike. be careful to trade for long side.
atrehan
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@JaydevRaval, thx for update. but i trade less in Nifty & watch for near expiry options only. Cheers!
Trade-Technique
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@atrehan, Yes, You are right here TAIL is very important and moreover TAIL is at value low or value high is the 90% accurate indication for direction.
Vikalpbothara
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Hey, Thanks for the awesome post. It's very informative. I feel it's all bears now. there is not strength left for the bull side. Let me know your views. Thanks again.
JaydevRaval
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@Vikalpbothara, Yes presently its bearish but, after the value area and verification of direction, i ll update for exact direction.
Vikalpbothara
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@JaydevRaval, thanks again for the lighting fast reply