yvatsji

WILL NIFTY CONTINUE ITS MOVE UPSIDE OR MOMENTUM IS LOST ?

NSE:NIFTY   Nifty 50 Index
Hi Traders,
I am setting the snap short of the current analysis for those who need to see proper levels of m marking. And Writing the Taken out condition to understand about it. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For the taken-out condition, the price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. https://in.tradingview.com/chart/gYEHvYK...

____Yogesh Vats

Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.