Banknifty ready to break for 2nd waveHere we are discussing about the live analysis of the banknifty Move for 6th Mar 24.
here we have used the Priceaction and techincal mix analysis for going in the trade.
Banknityuture
Short Banknity Intraday levels (Expiry day trade)Banknifty looking bearish on chart we can see some downside in it, and also this is reversed from upper resistance levels, MACD also suggesting a brearish moments. right now it is trading at 39867 take short trade from here and keep small stop loss at 40000 which is only 150 points from here, target we can see on downside 39500/39400. Please follow strict stop loss in it as this is expiry day,.
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Banknifty Intraday Trade for 20-09-22Last Sunday, I mentioned in live class that Banknifty should take support in my mark area and there after it will be bullish. Banknifty reacts same as I said. Yesterday, I have provided one bull call spread. Please look at the above image in which I shared this trade. As predicted in sunday class, Banknifty took support at support 1 and then boom and then it took resistance at my hidden unique shaded part. Today Banknifty will be gap up. As I have suggested to take positional trade, students should book profit of minimum Rs 1000/ lot.
Banknifty may open near 41262 and may move up towards 41388. If Bank nifty sustains at 41388 then it may go towards 41550.
If Bank nifty unable to hold above 41250 it may slip towards 41000 and 40890. It may free fall Below 40890
BANKNIFTY FUTURES 21 JULY 2022Banknifty may correct for a while, but its in uptrend as of now, please try to be long when ever u get a dip.
Bulls and bears getting into good battle Over here we can observe the chart forming a good pattern which is a triangle, the fight between bulls and bears will be interesting. According to the classic price action rules, break on either side of the trendlines will result into further trending moves in that direction.
Bank Nifty view for Tomorrow (08 Jan 2021)CMP-31956.00 RECO-Buy Entry Range-Rs.32040-32050 Target-32240.00/32600 .00 Stop Loss-31895.00
*Yesterdays all levels matched today.
*Always faith on your chart.
Daily analysis chart attached below for your referrence.
BNF WILL TRAP MANY TRADERS BOTH SIDES SEE HOW ?Hi Traders,
1. There is nothing to compare with my Friday post trading plan. Except I shared down trend has changed to up trend as red line was taken out on Friday so trend is upside. It is still going on . Bnf opened gap up and breached swing high. For swing high related update I send in morning for those who carried short positions on Friday. That update condition was breached by crossing swing high. Means immediately covered shorts. Always remember when condition is breached you have to take accordingly. See market spend two hours in tight range. In first candle I saw selling pressure that gave me impression that sellers are present at that area. 2nd candle tried to cross first candle high but week bulls could not do it. That was the right clue for me even for those who covered shorts two hours back. To take position in down side .Here sl was clear, risk to reward ratio was pretty good. And market spend two hours in consolidation. All factors were in favor of shorts. I took that position by timing created in lower frame. That position I booked at red support line. Always remember when you are wrong side of trade and get stuck then cover your position when condition gets failed. See every day all support resistance and zones I shared how perfectly all works both side circled hammer candle in pink. One more thing to notice 27 bar moving average works perfectly circled in two areas of exponential moving average. No book depict this moving average even default setting in software are 9,21,50,100.200. But my all average are different from books and software. These are the result of long battle with charts in my long journey. Proving almost every day. So use them You will get more clear view of chart support and resistance.
2. Now tomorrow trade plan. See Bnf has not changed its structure to bearish mood. Although It changed to corrective structure where it will tarp both sellers and buyers till it do not take out green upper zone or green dotted line to down side. Taken out condition is valid for both side range. In this range it will trap both bears and bulls.
3. Green arrow shows if taken out this zone should take long with the sl of green zone. On other side Go short when lower red support line is taken out with sl of green dotted line for positional trades. New followers pl understand taken out condition first attaching that post . I think manifested whole trade for tomorrow. In my style of trading conditions are very important. If any body has basic understanding of charts can go for trading easily. If forget to act with any condition the. result will change into...... Traders are trading in various scrip which I manifested, many of them are writing in same post about their earning. They themselves write how condition help then to understand trade in market. So Trade "n" Grow with education. My final target of this upside move is blue zone. that can be achieved in day or two. One more thing in any case price visit blue zone in upside and i find extension in structure then blue zone will also create new. Rest market will decide. I can be wrong any day any time. So satisfying the ego of trollers by accepting it. My main motto is not to flaunt my wisdom but to help struggling traders in form of earning and education.
YOGESH VATS
MARKET HAS CHANGED HIS FRIENDSHIP TO DEEP BONDING WITH MY CHARTSCOMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY.
1. In trading plan point no. 1 what I said , quoting for you all " I yesterday shared that it is pull back so with trend move that is down side will start again." . You can see what a down move in morning . Many traders wrote in comment box about their earning points with thier blessings to me. I become really happy when somebody writes earning profit by following my chart with strict instructions mentioned in details. Even who commit mistakes also write in comment box. Thanks to them also disclosing their mistakes sothat others can not commit same. To accept your mistake in public is a courageous move. Now see same point no.1, second line where next move in bnf in first candle was hidden, only you have to mark my words because all moves have been manifested in my mind and eyes before it happens. " may be green support line will provide some pull back to give entry to shorts for those who are not the part of this trend. basically sell on rise is good strategy for bnf." you can see clear crystal that market opened gap down and then moved up to give entry to those who missed the train of down ward journey. See the manifestation of move wiith my statement.
2. Now see next line of same point no1. " targets have been given earlier. so time your trade with the help of support and resistance." you can see bnf achieved first target and changed its journey to pullback from same support given few days back. New followers can check my previous post in recent passed days, will authenticate this also. Just see two pink circles on resistance level from where price changed its direction and green two circles on support. I am not showing here even previous posts are full of these accuracy. It is the game of syncing support , resistance, zones,structures, psychologies of candles , buying pressure, selling pressure,trapping , direction , timing of entry and last timing for exit. If you are able to sync all these imformation in your eyes and mind then you can become profitable trader your own. To take money out from the hands of smart money is next to impossible without sync of all mentioned factors.
3. See any post my first job is to authenticate my statements made one day prior of move with real moves. Did i miss any day ? I write my strike rate 95% but it is !00% on record. Since market is supreme , I can be wrong anytime ,any day . But like to maintain my strikes. I do not make fool like big youtubers who impress people by showing fabricated trades. Here Everything is manifested first then match with next day real move. Consistency is infornt of you. I updated at 2.30 that structure is going to change close all shorts whether intraday or positional. Those who follow me got that update through mail . Every day i tell you pls donot ask any trade related query in trading hrs , i can not spoon feed any body here. Everytrade conditions are mentioned on chart in foem of support resistance follow with my conditions which i mention in trade plan column. Read carefully act accordingly find entry stop loss and exit. Hope you will show patience till market gets over to send your queries.
Trade Plan for next session.
1. As already updated i am seeing a pull back to blue and green dotted line. This can be extented to white trendline near green arrow. If this trend line ia taken out, mind it, not breached those who are new followers pl check my few days back post on bnf , where i explained the diffrence between two things in detail. If possible or any one to write day on which i posted so that next time i will attach that post with fresh ones. I can not find myself because of my busy schedule. When i am taking pain for struggling traders, that much service can be done for your co-followers. So taken out then structure will change to trend reversal means assumed pull back will convert into trend revesal. No short only find buy setup. A green arrow is shown in fig.
2. This assumed pullback will take time to reach white trend line. On the contrary if move is swift then can be reversed. I personally feel a range bound trading session. If any condition after completion of pull back price come to second target this time may not act as support , if provide then it should be temporary. Third target will be updated while trading session through update.
Rest market will decide.
YOGESH VATS
MARKET REWARD ANALYSIS , DEPTH & PERFECTION SEE HOW & LEARN !!COMPARING MY YESTERDAY SATEMENTS WITH TODAYS REAL MOVE IN BNF.
1. In prevoius statements point no.2 what i said quoting " this gives me confidence that tomorrow a PULL BACK TRADE in green circle can be seen with the target of blue support converted resistance line." Can you see the level of perfection to manifest one day before trade . You can see price touched exact same blue line and crashed in intraday. Sometimes I my self gets astonished with such perfection of moves showing everyday in all charts I post. To attain this perfection which I aspire every trader attain in his/her life that is why sharing my personal analysis to you all. So that one day you will be motivated by my trades which I manifest before it happen. See a pullback trade in green, circled yesterday. Exactly same happened. Like Mrs. Simriti Irani says you can make whole in sky just throw a stone with full decication and hard work in any feild of life. Thats what I also believe. In point no3. I warned people who think trend has changed to upwards direction ,they are highly mistaken. See youself. Every day I compare my statements with actual moves in all charts I post. That requires lot of courage on public platform with constant strike rates. Hope you all would like to learn this skill without spending single penny under my guidance. I advice to all followers to read comment box that will help you all in this path of learnimng. Because here I reply all educational questions in detail sothat all readers can be benifited.
TRADE PLAN FOR NEXT DAY.
1.See carefully the breach of white channel down side is now converted into taken out condition. So I Feel tommorow gap down opening with the first target of red support. IF price consolidate at first target then after this process it will move to second target.
2. There is nothing to write more on next day trade. In any case prices takes out red dotted line then trend can change to range bound. If anydody is carring shorts then pl book pr at first level and if do not want to book then wait for price to breach red dotted line and book immidiately. Rest market will decide.
YOGESH VATS
GAP UP OPEN IN BNF IS BULL TRAP OR WILL MOVE UP SEE !!COMPAIRING MY YESTERDAY STATEMENTS AND TRADING PLAN WITH ACTUAL MOVE.
1. YESTERDAY I WAS EXPECTING RANGE BOUND TRADE AND PRICE WILL MOVE UP AT AFTERNOON . BUT NEWS IMPACT OPENED MARKET UP AND THEN WHOLE DAY RANGE BOUND TRADE. IF WE LEAVE THE GAP UP PART ALMOST WHOLE DAY BNF SPEND IN TIGHT RANGE.
2. GIVEN GREEN BOX AS TARGET YOU CAN SEE AFTER GAP UP AND COMING INTO GREEN BOX PRICE COULD NOT TAKE OUT THIS BOX. SEE WHITE ZONE GIVEN AT LEAST 15 DAYS AGO WORKED SO PRECISELY, CIRCLED IN PINK, THAT AFTER GAP UP EVEN THIS COULD NOT BE TAKEN OUT. THIS IS THE POWER OF INDEPTH ANALYSIS . ALTHOUGH AFTER PACKAGE NEWS PEOPLE WERE SO EXCITED ABOUT MARKET THAT A BULL PHASE WILL START . BUT COULD NOT CROSS THE HIGH AGAIN.PEOPLE WERE ASKING HOW WILL YOU TRADE NOW. I GAVE MY TRADING PLAN AT 5.3O PM ALMOST 2 HRS BEFORE THIS NEWS .AND BNF FOLLOWED MY RED STRUCTURE HALF IS EXPECTED TO FOLLOW TOMORROW.SEE TECHNICAL CHART SAYS EVERYTHING ONE DAY IN ADVANCE. JUST WE NEED THAT MICRO INSIGHT OF UNIQUE CHART LANGAUGE.
3. AS FAR AS MY TRADE WITH YESTERDAY PLAN IS CONCERNED I TOOK ONLY ONE POSITION AT CANDLE NO.4 FIRST CANDLE WAS BIG BEARISH ONE.AND NEXT TWO WERE PAUSE & IN DECISIVE CANDLES IN WHITE ZONE SHOWING NO INTREST OF BUYING. AS SOON AS PRICE BREAK 3RD CANDLE LOW I TOOK SHORT AND PRICE CAME TO TREND LINE WHERE I HAD TO BOOK MY PROFIT. BUT THOUGHT IT WILL CONTINUE FURTHER SO DID NOT BOOK . IT WAS MY MISCALCULATION. A GOOD PROFIT CONVERED INTO LOSS AS YOU SEE NEXT CANDLE WAS BULL TRAP CANDLE. USUALLY I AM VERY DISCIPLINED TRADER NEVER COMMIT SUCH FOOLISH MISTAKES. BUT DOWN PSYCHOLOGY CONTROLED MY DECISION. SO THIS IS THE MESSAGE TO ALL TRADERS NEVER EVER BECOME THE PART OF GREED WHEN YOU GET PROFIT AT RIGHT PLACE THAT WHITE TRENDLINE WAS TARGET AND MISSED IT. WHY THIS HAPPENS BECAUSE MARKET WAS RANGE BOUND.SO IN THIS SORT OF MARKET ONE SHOULD BOOK PR AT RIGHT PLACE OTHERWISE IT SUCKS ALL.
TRADING PLAN FOR NEXT DAY.
1. SEE IN TODAY'S TRADING BNF MADE INCOMPLETE STRUCTURE SO IT IS VERY DIFFICULT TO KNOW RIGHT DIRECTION. ONE HAS TO FOLLOW THE CONDITIONS PROPERLY IN THIS SHORT OF STRUCTURE. GIVEN TWO ARROW INDICATES THE DIRECTION OF TRADE. GREEN IS FOR LONG AND RED IS FOR SHORTS. IF PRICE TAKES OUT MICRO RED TREND DOTTED LINE AND TRADE UP AT LEAST 15 MINS THEN LONG CAN BE INITIATED WITH SL.
2. IF PRICE TRADE 15 MIN BELOW GREEN DOTTED LINE THEN SHORTS CAN BE INITIATED OF COURSE WITH SL.
3. BETWEEN WHITE ZONE TO GREEN DOTTED LINE IS NO TRADING ZONE.
4. TWO STRUCTURES SHOWN IN FIG CHECK WHICH IS BEING FOLLOWED TRADE ACCORDINGLY. IFMARKET IS IN BUY ZONE THEN RED COLOR UPPER ZONE IS TARGET. REST MARKET WILL DECIDE.
YOGESH VATS
CREATING DEPTH IN ANALYSIS IS A WIN-WIN SITUATION SEE HOW?HOW I TRADED IN BNF TODAY WITH YESTERDAY PLANING \
1. AS YESTERDAY I TOLD YOU DID NOT CARRY ANY POSITION IN EITHER SIDES . THE OPENING OF MARKET GIVES THIS ANSWER WHY? YOU ALL KNOW IN MORNING SGX NITY WAS ALMOST 65 PTS UP INSPITE OF THAT BNF OPENED 331PTS DOWN FROM PREVOIUS DAY HIGH .I WAS EXPECTING SUCH THING IN PRICE STRUCTURE THAT IS WHY DID NOT CARRY. TO PROVE MY POINT I GAVE YOU RED COLOR SMALL LINE AND CLEARLY MENTIONED WITH GRREN TREND LINE. THAT IF GREEN TREND LINE IS BROKEN AND PRICE DO NOT RECOVER IN FIRST 15 MIN THEN TREND WILL CHANGE. RED LINE IS BREACHED AND PRICE DO NOT RECOVER IN 30 MINS THEN GET READY TO SEE RANGE BOUND TRADE. SEE PRICE OPENED GAP DOWN AND RECOVERED IN FIRST 5 MIN MARKED IN PINK CIRCLE. A RED COLOR ARROW WAS SHOWN TO RED COLOR ZONE AND TOLD YOU IF THESE CONDITION WERE SATISFIED THEN UPPER BAND OF RED ZONE WAS PLACE WHERE ALL POSITIONS SHOULD BE SQUARE OFF. YOU CAN CHECK AGAIN YESTERDAY POST. SEE EXACT WHITE CIRCLE CANDLE TOUCHED UPPERBAND AND PRICE GOT BIG REJECTION. EVERYDAY CHECK MY PREVIOUS POSTS WHATEVER IS MANIFESTED ONE DAY IN ADVANCE AS MY PLANING TO TRADE NEXT DAY SAME HAPPENS. THIS IS WHAT THE DEPTH OF ANALYISIS WHICH I WOULD LIKE ALL STRUGGLING TRADERS TO LEARN FROM MY POSTS.
2. NOW COME TO TRADING SEE WHOLE DAY STUCTURE WAS LITTLE SCARY SO AFTER THE WAIT OF 4 CANDLES WHEN 5 TH CANDLE TOOK SUPPORT ON TREND LINE I GOT CONFIDENT THAT A MOVE WILL COME. THERE I TOOK MY FIRST POSITION AFTER SUCH LONG WAIT AND BOOKED NEAR UPPER BAND OF RED ZONE INFACT GIVEN TWO WEEKS AGO. YOU CAN CONFIRM FROM MY PREVIOUS POSTS OF THAT PRRIOD. YOU ALL HAVE NOTICED ZONES I PROVIDE WORK FANTASTICALLY IN TRADING EVERY DAY.
PLAN FOR NEXT DAY TRADING
1. TODAY ALSO DID NOT CARRY ANY POSITIONS. BNF IS IN IMPULSIVE WAVE SHOWED YOU YESTERDAY. UNTILL AND UNLESS TRENDLINE IS TAKEN OUT, MEANS CAN BREACH BUT SHOULD RECOVER IN 15 MINS TILL THEN THIS WAVE IS INTACT. CAN SEE NEW HIGH . ON THE CONTRARY PRICE DO NOT RECOVER THEN TREND WILL CHANGE TO RANGE BOUND TRADE.
2. FOR RANGE BOUND TRADE ,RANGE IS ALREADY SHOWN. IT IS VERY TRICKY TO TRADE IN RANGE BOUND MARKET .SO I WILL WAIT FOR PRICE TO COME NEAR BLUE TREND LINE THERE I WILL FIND LONG SETUP FOR THE TARGET OF UPPER RANGE LOWER BAND OF RED ZONE.TWO STRUCTURES SHOWED IN FIG BNF WILL FOLLOW ANY OF TWO. LET THE TRADE CONIRM THE STRUCTURE THEN FIND THAT SIDE ENTRY WITH SL. YOU HAVE NOTICED TODAY WHEN RED COLOR ARROW DIRECTION GOT CONFRIMED ONLY THEN I TOOK LONG AFTER LONG WAIT. REMEMBER TO CREATE DEPTH IN ANALYIS IS 24/7 PROCESS NEEDS DEDICATION ,HARD WORK AND PATIENCE. ROME WAS NOT BUILD IN ONE DAY. REST MARKET WILL DECIDE IT IS SUPREME . BUT I LIKE TO MAINTAIN MY STRIKE RATE.
YOGESH VATS
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
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
MANIESTED THE MOVE OF BNF FOR COMING DAYS FOLLOW IT !!I SHARE MY TRADING PLAN PRIOR ONE DAY OF TRADING SESSION WITH HIGH PROBABLITIES OF MANIFESTATION IN SAME DIRECTION. TODAY ALSO TRIED TO SEE THE MOVE OF BANK NITY IN ADVANCE FOR COMING DAYS WITH NEAR SUPPORT AND RESISTANCE . GENERALLY I DO NOT SHARE THIS BECAUSE IT IS TOO SUBTLE TO UNDERSTAND . PEOPLE ARE MORE INTRESTED ONLY IN DIRECTION AND TARGET RATHER THEN TO UNDERSTAND PSYCHOLOGY OF INSTITUTIONS, DSI, FSI. WITHOUT UNDERSTANDING OF PREVAILING PHASE OF MARKET ONE CANNOT TIME ONE'S TRADE. TRADING IS THE GAME OF PATIENCE , DIRECTION & TIMING. IN LONGER PERSPECTIVE MARKET IS IN ACCUMULATION PHASE IN MEDIUM IT IS IN RE-DISTRIBUTION PHASE, WHERE SELLERS ARE BALANCING MARKET BY CREATING SELL ORDERS TO FILL THEIR WARE HOUSES. WHEN THEY WILL FINISH ALL BUYING IN MARKET AT THAT PHASE , A NEW DOWN RALLY WILL START. INFACT THEY ARE FULFILLING TWO MOTIVES. AT HIGH THEY ARE SELLING AND FRUSTRATING BUYERS TO KEEP THEM IN RANRE BOUND TRADES. A POINT WILL REACH WHEN THEY WILL TEST THE DEMAND AND THEN START NEW PHASE OF SELLING. THIS IS HALF PROCESS OF COMPLETE CYCLE. RIGHT NOW HOW MARKET WILL BEHAVE IN FUTURE I SHOWED IN WAVE STRUCTURES . SEE CAREFULLY. I NEVER CLAIM I UNDERSTOOD MARKET COMPLETELY . IT IS FAR BEYOND MY LITTLE KNOWLEDGE. BUT I TRY TO MAINTAIN MY STRIKE RATE IN FORM OF DIRECTION AND TIMING. THAT I HAVE BEEN SHOWING FOR LAST ONE AND HALF MONTH. REST MARKET WILL DECIDE.
yogesh vats
