Here 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.
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...
Last 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...
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.
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...
COMPARING 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 ...
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...
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...
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...
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...
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...
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...
