Note: This will be 1st in series of analysis that I'll post here, this is just new idea for trading so it is advisable to check at your end before taking any trades. Also, this is for free educational/discussion purpose only, there is no paid material, trainings or channle run by author so do not pay anyone anything for this.
Alright, after high volatility session on back of election results in two major state Indian markets are trading across ichimaku cloud and lagging span is also trading across cloud, this is on 30 min so I'm expecting market to show sideways movement till there is clear indication of trend. Although future cloud produced is dark it is very narrow atm, and there is also market closing of 25th oct which is above pivot level, so there is good chance that market will show positive biased movement, but it will be subdued till direction for trend is decided.
No swing/positional trade is to be taken till further indication from market, it is however good place to close longs if carried from lower levels. It is expected that next sessions in Diwali will be maintaining some volatility , so avoid buying options. It might cause erosion of premium when market calms down even if movement is in your favor.
-Educational view and idea, please let me know your input. Everything is open for discussion. Also, do not ask for code or indicators used in this, it is default Heiken ashi and ichimaku with some personal touch.
Alright, after high volatility session on back of election results in two major state Indian markets are trading across ichimaku cloud and lagging span is also trading across cloud, this is on 30 min so I'm expecting market to show sideways movement till there is clear indication of trend. Although future cloud produced is dark it is very narrow atm, and there is also market closing of 25th oct which is above pivot level, so there is good chance that market will show positive biased movement, but it will be subdued till direction for trend is decided.
No swing/positional trade is to be taken till further indication from market, it is however good place to close longs if carried from lower levels. It is expected that next sessions in Diwali will be maintaining some volatility , so avoid buying options. It might cause erosion of premium when market calms down even if movement is in your favor.
-Educational view and idea, please let me know your input. Everything is open for discussion. Also, do not ask for code or indicators used in this, it is default Heiken ashi and ichimaku with some personal touch.