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Is Bharti Airtel measuring our patience? / daily chart analysisHello friends , Thank you all for prioritizing my idea. hit the like button and also follow for new update. let's talk about chart.. we have to conditions after break or while retreat from resistance. here we can see some Area where No trading activity founded it Is outlined as "Area Zero " and trend-line is breaking every previous Resistance.it has just broken this resistance and made a new one at 606.20 we can find magnet line where the price often touches. we have funded 3 magnet lines M1 , M2 and M3 . every line can be our target. here if price will break resistance at 606.20 then we can buy because it will be bullish or it will play move in trend channel like this and again touch at magnet Line. price have shown rejection by tail at 361.80 . .................................................................................................................................................................................... (0) well we should wait for breakout or when failed to make new Resistance. lets zoom in this point if it will fail to make new Resistance we can see this : because of some fundamentals , position is buy but we are not running on base of news so we will wait for signal to take position.patience will give us profit. "news base trading Have high Risks" but we can afford only 1:3 (Risk:Reward) .................................................................................................................................................................................... it's better to wait for Signal and perfect entry... Thank you for you ... :) .
NSE:BHARTIARTL
by UnknownUnicorn5245909
34
Torrent Pharma continuation trendOn daily time frame, stock is showing really good long setup with a Symmetrical triangle which is indicative of continuation of bullish trend Since , Nifty Pharma is taking on a ride and pharma stocks are hitting through the roof.This will be a good long bet in the bearish Market. Initiate a long trade as soon as it breaks the last high of 2525 with a stop loss of 2440. Volatility is expected since the markets are very choppy and there is a lot of noise. These are solely my views. Trade wisely
NSE:TORNTPHARMLong
by shaleenbansal
SEE HOW TRAPING IS DONE BY INSTITUTIONS BY GAP UPLEARN HOW TRAPING IS DONE BY INSTITUTIONS BY OPENING GAP UP AND DOWN WITH YESTERDAY PLANING TO TRADE. 1. IN THE FIRST POINT OF YESTERDAY PLANING SECTION , I SHARED THAT TILL PRICE DO NOT BREACH GREEN TRENDLINE BNF IS IN IMPULSE WAVE. SO IT OPENED GAP UP. SEE IN PINK CIRCLE COMPLETE MOVE IS TRAPING OF BULLS. WHY I AM SAYING THIS TRY TO UNDERSTAND THE LOGIC. IN MY EXPERIENCE WHEN PRICE GETS REJECTION FROM POWERFUL ZONE AS YOU CAN SEE YESTERDAY CANDLE SHOWING BIG WICK IN FIG. IS USUALLY BREACHED BY GAP UP OPENING. INFACT REJECTION CANDLE WAS THE PONIT WHERE ZIG-ZAG THREE WAVE PATTERN WAS ABOUT TO COMPLETE NOT SHOWN IN FIG .IT IS IN LOWER TIME FRAME OF 15 MIN. THE CLEAR ENTRY OF BEARS WERE SEEN AT ZONE NOW TO TEST THE STRENGTH OF BEARS , BULLS OPENED IT GAP UP .IF BEARS ARE REALLY STRONG THEN AT SOME POINT ,THEY WILL NOT LET BULLS TO DRIVE THE PRICE. ON THE CONTRARY IF REJECTION CANDLE IN PINK CIRCLE YESTERDAY IS STRONG BEARS THEN PRICE WILL NOT MOVE UP SAME HAPPENED ONLY FIRST CANDLE IS BULLISH AFTER THAT TWO CANDLES ARE IN DECISIVE SHOWING LACK OF BULLS INTREST. BNF SPEND ALMOST TWO HRS IN SMALL RANGE . AND 4TH CANDLE IS BIG BEAR CANDLE. TILL 4TH CANDLE I WAITED TO TAKE POSITION SO I GOT THIS OPPURTUNITY IN 5TH CANDLE. IT WAS SMALL BULLISH CANDLE TESTING THE STRENGTH OF BULLS WHICH FIZZLE OUT THERE I TOOK SHORT AND BOOKED AT UPPER END OF RED ZONE. CIRCLED IN WHITE . YOU CAN SEE THE LONG WICK NOT ME EVEN MANY TRADERS BOOKED THEIR SHORTS.DAY TRADING SHOULD BE DONE LIKE THIS APPROACH. ALWAYS ENTER IN CONFRIM MOVE. ONLY ONE CONFRIMED TRADE MARKET GAVE HERE. I DID NOT CARRY ANY POSITION YESTERDAY BECAUSE I WAS CLEAR, MARKET CAN TRAP ME BY GAP UP LET IT HAPPEN THEN I WILL DECIDE. PLANING FOR NEXT TRADING SESSION. 1. I WAS BEARISH FOR THIS DAY THATS WHY GAVE YOU BOTH STRUCTURE OF RANGE BOUND TRADE. IF YOU SEE TODAYS STRUCTURE CAREFULLY YOU WILL FIND ONLY ONE CANDLE TRAVELLED UP IN PINK CLERCLE WHERE AS FOUR BEARISH CANDLES TRAVELLED MORE THAN BULLISH CANDLE. SO I WAS RIGHT AS BEARISH FOR THIS DAY.NOW GREEN TREND LINE IS STILL INTACT BUT STRUCTURE IS CHANGED TO RANGE BOUND. THE INPORTANCE OF TRENDLINE IS VANISHED.NOW WHAT INMPORTANT IS THE RANGE IN BLUE COLOR LINES . IF PRICE CROSSES UPPER END OF THIS RANGE AND DO NOT COME BACK IN 30 MINS THEN RANGE BOUND TRADE WILL FINISH AND UP TREND IS RESUMED. SAME IS TRUE FOR LOWER END OF BLUE ZONE. 2. IT IS ALWAYS DIFFICULT TO TRADE RANGE BOUND TRADE SO NO DIRECTION FOR THEM. ONE THING REMEMBER ONE HAS TO BOOK PR AS SOON AS POSSIBLE. BNF CAN SPEND COMPLETE WHOLE DAY IN THIS RANGE.I ALWAYS KEEP ALL CONDITIONS OPEN IN MY MIND , SO ACT ACCORDINGLY WITH BUYING SELLING SETUP. NEW COMERS SAY BEAUTIUL ANALYSIS BUT DID NOT UNDERSTAND. AS THEY DO NOT KNOW STOCK LANGAUGE. THEY LIKE DRAWINGS IN FIG. SO LEARN FIRST ONLY THEN BE ABLE TO UNDERSTAND. 3. WHITE COLOR MOVE IS EXPECTED TO FOLLOW. REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
9
UNDERSTANDING TRADING LANGUAGE IS KEY TO SUCESS SEE HOW?HOW I TRADED WITH YESTERDAY PLAN SHARED ONE DAY ADVANCE. 1. AS I DISCLOSED YESTERDAY CARRIED LONGS. SO HOW MARKET REACTED TOADY ? INFACT IT OPENED WITH GAP ABOVE DOTTED GREEN LINE ALMOST 450 PTS UP. SINCE THE PRICE WAS UP FROM DOTTED GREEN LINE I WAITED TO SEE WHETHER THIS WOULD ACT AS SUPPORT OR NOT. FEW MINUTES LATER I FOUND PRICE BREACHED IT WITHOUT DELAY BOOKED MY POSITIONS. REASON IS PRETTY CLEAR WITHOUT SUPPORT, PRICE WILL NOT MOVE UP. EVERY DAY I SHARE MY PLANING FOR NEXT DAY AND HOW I REACT WITH MOVEMENT OF MARKET WITH LOGICS SOTHAT STRUGGLING TRADERS CAN LEARN FROM ACTUAL TRADING PSYCHOLOGY. 2. THERE IS PINK CIRCLE WHICH INDICATES MARKET SPENT THREE HRS ABOVE THE WHITE ZONE WHICH EARLIER ACTED AS RESISTANCE NOW ACTING AS SUPPORT. THIS GIVES ME CONFIDENCE TO GO LONG. AFTER WAIT OF THREE HRS 4TH CANDLE TOOK EXACT SUPPORT OF GREEN DOTTED LINE I TOOK MY SECOND LONG WITH SL OF 2ND CANDLE LOW.AND BOOKED AT 6TH CANDLE . AS YOU CAN SEE IT IS NOT BULLISH CANDLE RATHER INDECISIVE TRAPING BOTH SIDES. IN DAY TRADING MARKET USUALLY PROVIDES 1 TO 3 CHANCES FOR TRADING .I OBSERVED THIS IN LAST 14 YEARS. SO THAT WAS THE END OF TODAY TRADING .BNF FOLLOWED RED STRUCTURE SO I FOLLOWED SAME. TRADING HAS A LANGUAGE WHICH PEOPLE DO NOT TRY TO UNDERSTAND AS IT REQUIRES LOT OF TIME ,HARD WORK AND DEDICATION WITH PATIENCE . PLAN FOR 29-4-20 1. TO DAY I DID NOT CARRY ANY POSITIONS. IN RED COLOR TRENDLINE BNF IS MOVING IN IMPULSIVE WAVE. TILL THEN GREEN COLOR TREND LINE IS NOT BREACHED PRICE WILL MIOVE UP. I SHOWED TWO STRUCTURES IN WHITE COLOR FOR CORRECTION. AFTER BREACHING TREND LINE PRICE DO NOT COME BACK IN 15 MIN THEN CAN TAKE ANY OF TWO STRUCTURES. ALL LONGS SHOULD BE SQUARED OFF. CORRECTIVE STRUCTURES MEANS RANGE BOUND TRADES LET BNF MAKE LOWER RANGE THEN DECIDE DIRECTION. IN CORRECTIVE PHASE MARKET TAKE BACK ALL EARNED IN IMPULSE WITH COMPOUND INTREST .SO NEEDS GOOD EXPERTIES TO TRADE THEM. 2. A RED COLOR SMALL LINE IS FOR TWO HRS TRADING IN FIRST TWO HRS IT IS BREACHED AND PRICE DO NOT COME BACK IN 30 MINS.THEN TREND CHANGES TO RANGE BOUND. IF MARKET OPENS DOWN AND BELOW RED SMALL LINE AND DO NOT RECOVER IN 30 MINS THEN TREND CHANGES TO RANGE BOIND. BLUE COLOR LINE IS THE LAST LIMIT OF RANGE BOUND TRADES IF TAKEN OUT THEN DOWN TREND WILL START. SO I HAVE THESE SITUATIONS IN MY MIND I WILL ACT ACCORDINGLY. 3. FOR UP MOVE RED COLOR ZONE IS SECOND TARGET TO COVER LONGS. FIRST IS GREEN COLOR CHANNEL UPPER BAND. REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTYLong
by yvatsji
1
PERFECTLY UNDERSTOOD MOVE ON FRIDAY TOADY FRUITUL RESULT!!HOW I FACED MARKET TODAY ON PREVIOUS DAY MANIFESTATION OF MARKET MOVE BEFORE IT HAPPENED. 1. ON FRIDAY EVENING I DISCLOSED IN MY POST THAT I CARRIED MY POSITIONS IN LONG SIDE. YOU ALL KNOW I CARRY ANY POSITIONS, I OPEN IN FRONT OF YOU . SOTHAT YOU CAN AUTHENTICATE MY STATEMENTS WITH THE REACTION OF MARKET NEXT DAY. 2. WHEN BNF OPENED GAP UP NEAR THE END OF LOWER ZONE , I BOOKED MY POSITION IN FIRST TEN MINUTES. SINCE I WORK IN OPTIONS SO I DO NOT WANT TO LOOSE PREMIUM. AS YOU ALL KNOW IT DECREASES VERY FAST IN VOLATILE MARKET. WHATEVER REASONS I SHARE WITH YOU KEEP THAT IN MIND FOR YOUR TRADING. 3. SEE THE WHITE COLOR ZONE GIVEN LAST WEEK, HOW IT WORKS EVERY DAY. I CIRCLED IN PINK. ON THRUSDAY IT SPENT ALMOST THREE HRS AT UPPER END OF ZONE. DESPITE HAVING GOOD MOMENTUM COULD NOT BE TAKEN OUT. THERE IS DIFFRENCE BETWEEN TAKEN OUT AND BREACHED. TECHNICALLY YOU ALL HAVE TO UNDERSTAND IT. NOW ON FRIDAY LOWER END OF THE ZONE ACTED AS RESISTANCE. EVEN PRICE COULD NOT BREACHED IT. THIRD DAY MONDAY SPENT ALMOST FIVE HRS BUT COULD NOT BE TAKEN OUT. SEE THE ACCURACY OF ZONE GIVEN FEW DAYS BACK WHEN THIS MOVE WAS NOT STARTED. THIS IS THE SKILL TRADER SHOULD KNOW HOW TO CALCULATE THIS IN YOUR ANALYSIS. TODAY ALSO I CARRIED LONGS. LET'S SEE MARKET BEHAVE TOMMOROW. 4. YOU MUST HAVE NOTICED THAT TODAY BNF FOLLOWED HALF PART OF GREEN STRUCTURE I SHOWN IN PREVIOUS POST. REST WILL BE COMPLETED TOMMOROW. TRADING PLAN FOR 28-4-20 1. TWO STRUCTURES HAVE BEEN GIVEN IN FIG. ONE RED AND OTHER WHITE. IF GAP UP OPEN THEN RED WILL PREVAIL . ON OTHER HAND IF GAP DOWN THEN WHITE WILL WORK. 2. BLUE IS THE SENTIMENTS CHANGING LINE , IF BREACHED AND DOESNOT RECOVER IN 10 MINS THEN LONG SHOULD BE SQUARED OFF. ONE SHIOULD WAIT PRICE SHOULD COME NEAR GREEN LINE OF CHANNEL . IF TAKE SUPPORT AND MAKE SUPPORTIVE CANDLES THEN LONG CAN BE INITIATED . ON BREAHING OF GREEN CHANNEL DOWN SENTIMENTS WILL CHANGE TO DOWN SIDE. THEN I WILL FIND DOWN SETUP. AS TOLD SEVERAL TIMES TRADING IS THE GAME OF CHANGING SENTIMENTS. SO ONE SHOULD ALWAYS KEEP THIS IN MIND WHILE TRADING. IN NEAR FUTURE HOW BNF WILL REACT THAT I HAVE ALREADY SHARED IN YESTERDAY POST. THOSE MISSED CAN SEE SUBLE ANALYSIS .REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTYLong
by yvatsji
2
Interesting twists, who is taking action and why?There is lot of twists herein: By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall. Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock. Let look more closer to the 4hrs chart. Very interesting:- Who is selling? Why selling? Insider created fake break-up? Investors will wait for new New low...! War begin s between buyers and sellers: Support has been already taken and price tries to move toward the control price.
E
by Trade-Technique
74