Archiving for future - 1 - Trade triggered short and hit LC. We exited! 2 - When LC or UC triggers, You follow the weekend strategy. It triggered buy 3 - Triggered Sell. We made a minor loss. 4 - Up and profit 5 - Up and UC. 6 - Weekend theory. Triggered Short. Tell me what happened today? Now, Another question, what you will do tomorrow :slight_smile:
Bank Nifty closed below its major supply zone @ 19300-20000. This is also an important zone on the weekly and monthly charts. Now sustain below this zone Bank Nifty may test its next demand zone @ 17500-17800.
Read Yellow- support lines and others resistance..
Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships" Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well. Wish You all a Happy & Colorful Holi ...
Unless the monthly candle manages a close above 15200 this bearish H&S breakdown is suggesting 11500-12000 (Ichimoku support + 62%) and if that gives way then all the way down to 5000. Please don't forget this is a monthly time frame outlook. It can take all the sweet time in the world to get there.
ICICIBANK ..TRIANGLE SQUEEZE break on either side decides next move..
Om Namah Shivay Brothers, I was studying and preparing the nifty structure last week. and kept it wondering what will be the next possibility, to go down ? And if there is good news, in between go down means, gap down. If we check now, it is at the resistance point, if it moves above it, then next trend line will be the target. Brothers, Structure of market...