Get started

Bankniftyshort

WHEN HIDE & SEEK OF BNF WILL END SEE IN ANALYSIS ?Hi Traders, 1. On 1st July 2020, Post I mentioned in point no. 3 of the trading plan is quoting for your consideration " The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. " You can see the price opened gap day next day and fulfilled taken out the condition on both time frames of 15, 1 hr. But if you see the candle marked in gree circle it took exact resistance on blue zone upper end and made it reversal candle. The confirmation came when the next big bearish candle formed. This is the time when long positions holders get cautioned and thereafter a pullback was seen but it also got selling by a big bearish candle. This means sellers are more active than buyers. Had I held any long position, I would have closed it with this information. Since green support is not taken out but still I would have covered it. 2. Where I marked a pink line this was the second attempt of buyers to take price up that also fizzled out though green support is not taken out. When this sort of scenario I face on the chart I always cover my positions of any side. It means the price is going into no clue zone of confirming direction. That can go either side. Sometimes we have to use our brain also as you all know in the last post my target was a green dotted line. But you also know that whatever levels I mark all are reactive and have the potential to change trend or to give pullback. So the same is with this case first hr gap up candle took resistance on the blue zone upper band proves it. 3. For the first time, readers taken out condition is a must for understanding, so writing for them. 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 taken out condition 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. Trading Plan For the next session. 1. As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to move up this line is to be taken out in 15 min time frame then being aggressive trader I will see buy set upon a lower time frame of 5 min and will take long with strict stop loss. But long side confirmation will be seen when the 1hr condition validates it. 2. On the contrary, If price trade-in yellow zone I will not like to trade in this zone. Rather I would like to wait for clear vision. 3. If yellow zone lower band is taken out in 15 min time frame then with stop loss I will open shorts in finding sell set up in 5 min time frame. Always remember If the price is ready to go in trend then your sl on 15 min time frame will not activate. It will get activated only when the price is in range-bound trades. The target will be the upper band of the green zone. 4. If bnf has to go up then price if opens gap down, it should recover in 30 mins to cross green resistance between the pink and yellow line. The rest price will decide. Please note that due to personal reasons I would not be able to make a regular post on nifty and bank nifty so get yourself adjusted with this routine. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
48
AFTER CONSOLIDATION OF FIVE DAYS BNF MOVED UP WHAT NEXT SEE !!Hi Traders, 1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us compare the statements of the previous blog with price action. In point N0. 1 of the trading plans I mentioned is quoting for your consideration" As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trades. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched." You can see I talked about pink dotted with a green line as a zone for the watch in terms of the condition mentioned for this zone. Ideally, the taken-out condition is met only in 15 min time frame, not in 1hr. 2. Since the gap between the pink solid line to the upper end of the zone is big so one can not wait for the trade to get a green arrow condition to get activated. Especially when range bound trade is going for the last 5 sessions show in fig as vertical red line as a breaker. As I mentioned the condition of taken out for complete zone, not Pink color dotted line. Many traders were looking for the pink line to apply this condition. fortunately, it satisfied with both time frames. They must be aggressive traders. There is no harm being aggressive attitude in stock else you know how to time your trade. This post is going to be lengthy because today I have to clear the misconception of taken out condition among traders. So bear with this post. Writing a lengthy post is also time-consuming but for the sake of all traders, I have to write. 3. See I mentioned in point no. 2 of trading plan " If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss." Today two followers were trading today in bnf but with a different understanding of my points. The first talk about the one who loses 930/- what he wrote was looking upset and tensioned in his trade whereas second who earned 400 pts was calm and confident in his trade. You can yourself Judge as I am quoting their statements to understand how trading is done with conditions I mentioned in every post. "kiran2k7 4 hours ago @kiran2k7, I have taken 2nd JUL 10500 CE @ 34.95. let's see how it rides." Here he bought 10500 ce . kiran2k7 4 hours ago @yvatsji - the condition is of the upper green line is taken out in 15 min time frame then the price will move to the red dotted line 10,549. Looks like it just was taken out. Now can we enter long to target the red dotted line?" Here he is expecting a reward. The condition has been taken out or not I will discuss the nifty post. "kiran2k7 3 hours ago Sometimes I feel like, after I bought it, it drops down. It may be my psychology, also I feel that somebody trying to pull me down." Here he is depressed with the Volatility of price. " kiran2k7 3 hours ago @kiran2k7, It's easy to lose in the market. Right now, my position is still open with 975 Qty @34.95 - Now trading at 25.9 with a loss of 8k." Here repenting on his decision. "kiran2k7 an hour ago Exited my intraday position with a loss of 930/- after holding it for 3 Hrs. Looks like the price is moving around the Greenline. Good that I have not made a huge loss on this entry. The importance of this position is having the patience to hold the position until the end of the day to minimize the loss. I'm posting this to help others." Here Happy with small loss at one point 8k. If you all see and in a chronological manner. You will find He is unable to handle the options and still playing that instrument. Second, he read the chart and my instruction in an aggressive way and took his trade in an aggressive manner. Third, there is a concept to time your trade, he does not know. Fourth unable to put stop loss which is necessary for every trade. I write with every condition time your trade on a lower time frame where you will get your stop loss and entry point. But he is unable to understand. I know many traders are unable to understand but still, they trade. 4. See the case of the second follower who understood the market first by doing paper trades with perfectly following my instructions and result, you can feel the confidence and calmness in his trade is quoting for your consideration. He explained the trade logically but the first one did not. "akhil313 3 hours ago @yvatsji Sir, I took a trade after a long time(due to the range-bound market) since I saw a good movement from buyers today and they were also holding the ground. The pullbacks in 15 mnts were very weak, buyers candles were very strong, retraced fully with power, and got confidence when I saw a very strong buy candle in 1 mnt time frame which crossed the pink line. Then I checked whether there is a similar pullback by sellers, but there was none. So I took the trade with Entry - 21600 and SL- 21400 and TP - 21800, below the green line. And the trade worked perfectly and hit the TP. Thank you, sir, and god, bless for teaching us" You can see how he took his trade. The moral of comparison is that the stock market rewards those who show patience and aggression both in a balanced manner. If there is little imbalance in these two, you can not earn from the market. Both examples prove my point. Rest you people decide how you want to react in your trading. 5. Now come to today trade See price was consolidating In range for the last five days and both sides condition was in fig. You can see a lower solid pink line supported in precious days that you can see I marked in the previous posts too. And posting below your consideration. when In the morning First-hour candle took support here and reached green resistance. I took my entry consulting with lower time frames With the stop loss of second candle low and booked at upper green resistance. Today trade was clear and simple. No, if buts. Though you people will think when upper side condition is not met Though I took the long side trade. By simple logic of five-day consolidation with First hr buying by smart money. Since this type of circumstance came across first-time since I wrote my blogs so you are not aware of this. And without a practical example, I can not share how one can trade when conditions have not met both sides. Hope this concept is clear now. Next time if you face this sort of situation, You know how to handle it. Trade plan for next day, 1. Since the condition of taking out is fulfilled in a one-time frame 15 min so I will wait for 1 hr time frame to full fill this then I will be taking longs. For new readers Here is taken out condition:- "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 taken out condition 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. " 2. I made a red arrow on the green line that line can change the structure of the long side to downside If taken out in Both time frames. Those who are positional long should square off long if taken out in 15 min time frame. 3. The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
51
IS BNF COMPLETED ITS CORRECTION AND READY TO MOVE UP SEE HOW ?Hi Traders, Comparison of my 25th June Statements with the real move. 1. On 25th June, I mentioned in point no. 2 ( trading plan) is quoting for your consideration " If price breaks this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band." You can see this condition is partially fulfilled only in 15 min time frame. Not in 1 hour. So there was no question of shorting BNF. Those who do not know the taken-out condition, for them it is as follows:- 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 taken out condition 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. . Posting the previous chart for your consideration so that you can compare it with the current move and understand quickly. 2. On 26th June, I updated this idea hope you all have got notification of that of course those who are my followers only they can get it. Where I mentioned the same analysis will work on Monday also. New followers kindly configure settings of the right side bulb by selecting all options of whom you want to follow. otherwise, all ideas will flash. 3. Those who are genuine seekers should read the analysis of the stocks which, I post every weekend. This will help you to learn new concepts of this unique language. Some of the followers who trade only in stocks they should take advice from weekend posts for their trades. Trading Plan For Next Day 1. As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trees. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched. 2. If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss. 3. I circled two candles, see taken support on the same green lower end of the zone. This is the power of zones selected from many with the matching of price structures. A 111 candles Ema provides support. If this ema is taken out on 15 min time frame then take shorts with slop loss of the lower time frame set up of 5 min with the target of the lower band of a green zone to the red support line. Red arrow showing downtrend after taken out ema. 4. Always reminder trading is a game of switching your sentiments with the right time with a correct decision of entry and exit. It is easy to write in one line but takes a lot of years to master this technique. Please share your trades whether bad or good with reasons of entry and exit for all orders. So that they can learn from your experience. This is your responsibility toward your country to motivate maximum traders to learn this art. The rest price will decide which side to go. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
46
BANK NIFTY Bearish!! Short it with a huge target !!!Hii this is trader Kanishk This is BANK NIFTY Here the phase is very volatile and we don't have to took long position in bank nifty. With till it breaks the trend line and then short it. this is a bear market phase and this is not the recovery this is the bullish trap . so please avoid yourself to put the long positional trade at this time without any confirmation. Please watch this video complete and follow all the steps . Please do the multi timeframe analysis during these type of phases . Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio . Guys you can also follow me on twitter for any queries.
NSE:BANKNIFTYShort
by thisiskanisk
SEE POWER OF EDUCATION IN BNF DESPITE WEEK DOW YESTERDAY !!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. In trading plan column I mentioned in point no. 2 is quoting for your consideration " if pink dotted line and solid zone is taken out in 30 min time frame then down trend will confirm". You can see market opened gap down and if you see chart of 30 min then things will be more clear first 30 min candle is not taken out to fulfill above mentioned condition. And price never tried to test the first candle low in whole day. Everyday I write 15 min condition and yesterday I wrote 30 min that is the beauty of education which take you to path of correct decision. Since the condition was valid whole day therefore, you saw range bound up move. Any one who could have bought with the sl of first 30 min candle would have made good amount in this range bound market. Traders ask me what next sir my clear reply is everything mentioned in chart If you have that basic knowledge You would have taken this trade today. 2, In same point I clearly mentioned that " today was simple tend day but tomorrow can be volatile range bound day'". You can see where dow was down at night 700+ points but I posted around 5 pm in evening and confidently wrote of volatile range bound trade. Same happen one hour chart confirm it. If you have that imformation, think trading will be so easy. As my was today , Since I knew it is going to be range bound I took two positions and booked as soon as possible because price can eat my earnings any time as range bound market. Many of you have seen plenty of analyst in your trading life where did you find that depth and consistent strike rate without fail. All free no charges for this service. Because market is ocean for me with lot of money. I have that skill to earn from market rather than to sell my knowledge. Why would I earn in name of education. Only those will earn who can not perform consistently. I manifest the move one day advance with marking important points and conditions, Next day market react on these points. See today case I circled in white first hour candle took exact support on lower end of green zone. How perfectly out of plenty of supports and resistances on chart I draw only one every day which woks accurately. This is the power of education that is why I gave today title same. 3. New followers , I suggest you all to get ready for hard work by reading and practicing first level of three books by steve nision , candle stick course , advance candle stick and Japnese candlestick. Down load from pen drive.com free ebook site. These there books reading on regular basis will take at least 6 to 8 months with lot of practice to recognize all pattern mentioned in books. If you read like story book and finish soon then with my experience , You would not be able to build your base of this unique language. So take your time . Remember Rome was not build in one day. Trading Plan For Next Day. 1. Yesterday In point no. 1 trading plan I mentioned one condition That will remain valid for next day also. See Upper green small line if it is taken out in 30 min time frame then this down trend can change to uptrend. But that area is no direction zone so I will not like to trade until I get clarity. Aggressive traders can trade this area with the sl of that candle which breach green line but price should fulfill mentioned condition with the target of upper blue zone. 2. I made a red channel If price break this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band. 3. If green zone is taken out in 30 min time frame then price can move down that target I will provide tomorrow while in trading hrs by update my idea. Those new kindly configure settings of right side bulb by selecting all options of whom you want to follow. otherwise all ideas will flash. Rest market will decide. YOGESH VATS Disclaimer :- All trading positions should only be taken with consulting your financial planner. This study is for educational purpose. I can be wrong any day any time.
NSE:BANKNIFTY
by yvatsji
42
WHY MARKET DAILY DO NOT GO BEYOND MY ANALYSIS SEE YOURSELF!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. In trading plan first point is quoting for your consideration " i made a pink color channel to show first sign of weakness price has to take this channel out then second sign a yellow color dotted line which price has to take out in 15 min time frame. if these two conditions are satisfied then price can go to green and pink lower zone." . You can see every word of statement is manifested exactly same by price. One of my followers wrote in comment box. "i took 2 lot 21500 put @137 and sold it at 237 when bnf reached 21530... made 4k profit. Sir when conditions are cleared...trade is stress free under your guidance." . You can see how a learner in initial stage of learning this art writes 15 min condition fulfilled and trade became stress free. This is my mission that I could make trading easy for every person in this country. They just have to put their hard work to learn under my guidance. People demand hefty fees for education but I want your hard work for yourself only. That is what I want from all of you. GIVE ME HARD WORK ,I WILL PROVIDE THIS ART TO UPLIFT YOUR EARNINGS. There are many comments in yesterday post but like to share one , I received in morning which is written for you all by a unsuccessful trader with id of pulavarthyudya , read it you will see the real picture of this society. 2. In fig I made a circle in white which shows a hanging man. When In first hr I saw this I became clear that I had to enter in short side. Reason this is very bearish signal when appeared on tough resistance which I shared 10 days back in blue zone. The upper end was the area which gave me this imformation.I did not wait for its activation and took shorts with the sl of hanging man high. And result is in front of you. Why I did not wait for its activation because yesterday I shared is quoting "five hrs was good time to start correction " . You can see I was expecting this move and when I got sign . I entered into trade. But for you guys I do not suggest to copy me , because I have luxury of my experience . You have to follow activation of pattern. 3. See yellow color dotted line It worked so perfectly that 1 hr price was supported up. And see Red circle which shows the green support which I did not extend and gave you pink dotted line price took exact support on that. This is called perfection of levels shared every day to make your trading easy. Trading plan of next day. 1. bnf has fulfilled my two conditions of weakness shared yesterday . So I assume correction has started But see a upper green small line if this line is taken out in 1 hr time frame only then up trend will resume other wise down trend will confirm. 2. On the contrary if pink dotted line and pink solid zone is taken out in 30 min time frame then down trend will confirm. Both arrow showing trend when taken out is confirmed. Today was simple down trend day but tomorrow can be volatile range bound day giving opportunity both sides. 3. Green zone down is target of this down movement. In coming days price can visit this box. Rest market will decide. YOGESH VATS Note :- All trading positions can only be taken when you consult your financial planner. I share my views for educational purpose only.
NSE:BANKNIFTY
by yvatsji
49
BANKNIFTY analysis. Possible down moveHello Trader, Here is the full analysis of BANKNIFTY: 1) Monthly - This support can be tested at 19900 of two supports are broken 2) Hourly - It is forming lower highs and lower lows and is below the trend line and can test this trend line to break upside. Action Due to the huge volatility in prices and weak markets globally one can see a downfall to test support 1 and support 2 levels. There is a significant fall in Dow to -1417 and this is huge fall straight 2 days. One can look for shorting opportunity for levels 20370 and 20130. If the trend line is broken upside then we can look for long opportunity for level 20820 and 21100 level Current market NASDAQ 9,641.67 -378.68 SGX NIFTY (Jun 11) 9,599.00 -254.00 Dow futures 25,544.0 -1417.0 Technical Indicators: Moving Averages Bearish Technical Indicators Bearish Moving Averages Crossovers Bearish How can you support me : 1) Like my idea. 2) Follow me for more analysis Feedback : Please share your feedback in comments and this will help me to improve my drawing and analysis Note : This is purely for educational purpose.
NSE:BANKNIFTYShort
by technicalwhale
DOW DOWN WILL BNF GOING TO FALL SEE ANALYSIS !!COMPARING MY YESTERDAY STATEMENTS WITH TODAY'S REAL MOVE IN BNF 1. In point no.1 of trading plan what i mentioned quoting for your consideration ."last half hour buying may be deceptive.' Can you see now whole day was trending bear day. That is why I called it deceptive. In same point no1. I mentioned one more thing" red (arrow) is below pink if price do not break this condition of pink in gap up mode then you can see fall." Every day I shift green and red arrow to give clear view of trend . can you imagine yesterday I set red arrow just below the pink color dotted line and how confidently wrote If gap up opening is not seen then from red arrow you will see fall. On air panelist give direction sl, target in numbers but I provide only colored lines with conditions . There is no false breakout when my conditions are fulfilled. I gave you target of pink and red zone to book profit three days back. See price is near that zone. I slightly shifted pink line up ward for tomorrow move. yesterday day bnf took money from traders by trapping both sides for last two days. But today gave all back with bonus if you traded after first hr candle which i circled in pink with sl of slightly above pink dotted line. I traded same and ate all move. Yesterday did not trade watching drama today completed yesterday Profit too. This is how market works. 2. Traders please write your trade whether good or bad . Good trades will inspire co-fellow to work hard and bad trades with complete details will also help them by my replies how to take that trade. Yesterday two followers wrote about bad trades with detail how they took , I gave replies that will enhance your education towards market. When you write about bad that trades only then will be able to show the right path of this language. So write both trades in this way you all learn new things . Today circled candle show buying pressure and closed just below pink color that gave me information that buying is from weak bulls otherwise nest candle should be taken out from pink line but that did not happen .So with confidence I took that trade.every day I share practical things of chart with you always keep in your mind and practice on charts otherwise you will forget all. Trading Plan for next day. 1. See i made big green circle that is down trend If bnf clear this first condition which I am going to write then you can see price going to lower blue line. The pink and red zone is to be taken out then second condition blue line on down side in fig should also be taken out. Where I put red arrow. Then I will be bearish for bnf. After that treat all up move as pullback of down trend and use for selling. 2. On the contrary If price break green dotted trendline and full fill the taken out condition for this trend line with pink dotted line then I will be bullish. All short should be covered on satisfying this condition. Same for long when pink red zone is taken out then cover your long.pink red zone to blue line is no direction zone.so trade accordingly. for new followers attaching post of taken out and breach condition .Learn it otherwise you can not trade without understanding these. Note.Trollers I can be wrong any day any time I accept it I have no ego in it So your ego is now satisfied. Rest bnf will decide.
NSE:BANKNIFTY
by yvatsji
71
CREATING DEPTH BY HARD WORK IS KEY TO SUCCESS IN TRADING SEE !! COMPARING MY YESTERDAY STATEMENT WITH REAL MOVE IN BNF TODAY. 1. In point no. 2 quoting my words for better correlate with real move today "see bnf has not changed its structure to bearish mode .although it changed to corrective structure where it will trap both sellers and buyers till it do not take out green upper zone or green dotted line to down side." . You can see first candle opened slightly gap up but could not sustain and price came down to test red support where I circled yesterday hammer in pink. Trapping all bears price started to move up . One of my followers took trade of this bear trap move in upside his explanation is available in comment box. But my sight is for you all, is that as you all know my given level woks magically in market so I took that trade on long side by two logic's first yesterday trend reversal candle hammer on support and in morning it tested this support and started recovering by trapping . second risk to reward was good sl was low of hammer candle and target was green zone. Third the highlighted quote that market will trap both side. This recovery was the part of that statement. These three reasons gave me confidence to go for this trade. And you can see target achieved. 2. Now see short trade which I took with this logic. First three candles I circled in pink near resistance zone all had wicks that showing selling pressure gave me indication that soon sellers at zone are going to take control so I covered my long. And waited to go short with same logic that bnf is going to trap this time bulls. That already disclosed yesterday , you can see trapping both sides. I booked my positions at green dotted line. Can you imagine the accuracy of moves with levels . Even green dotted line provided support and market could not go beyond this level. That is why I gave tittle, if any one of you can put this sort of dedication and hard work , you also can match this level. So I always try to make you all motivate to put that much of hard work which is required to achieve this art. I can earn many more rupees to start subscription service by spoon feed to clienteles. But for struggling traders providing this free. Learn this art by putting their own hard work is my mission. I can guide you the path but can not teach neither I have time nor its my profession. Time to time I try to wake you up. Rest on you. 3. Take out any of my post all are full of these sorts of perfection even on scrip or indexes. For trollers I accept I can be wrong any day any time. So that your egos can be satisfied. I would request you(trollers) rather than to satisfying your ego, try to earn from market consistently by learning this art. 4. Many new traders are writing in their respective post that they earn today this much of point. I really appreciate their efforts of writing to motivate co-traders. Trading plan for next day. 1. As you know I work with conditions so I only change my sentiments when conditions are broken by price. So yesterday condition of upper green zone and lower green dotted line is still intact. So my biased is still of corrective phase no change in structure. 2. Now a green arrow position is shifted to pink dotted line If market have to resume its upside then price should take out pink dotted line condition . Til it do not gets fulfilled bnf will remain down to range bound. 3. Lower side red and pink zone if it is taken out then Structure of upside side will start to change down but for that sentiment price have to take blue line out. Then I will be bearish on bnf. New followers for taken out condition attaching post in which I wrote in detail. Please follow it before understanding my work. 4. Last point If market takes out green arrow then My sl for upside would be green upper zone lower band. It means I will initiate long upper end of zone is only breached. This is the whole trade . Rest market is supreme. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
53