NIFTY cmp 14771
1 hour chart
#Wyckoff #Distribution #Bearish
Though this is not a typical text book distribution, but why to take risk.
tgt 13700
sl above 14984
Since Friday, the market has been trending downwards. Today, we seemed to have taken a pause and made an inside candle on the daily chart .
Some key points from today's trade were, Bank Nifty closed below the key support of 35,000.
There was large PUT open interest @ 35,000 which seemed to reduce drastically towards the end of the day.
The market retraced upwards...
Date 15 Monday Trading Plans
View: Bearish
Why Bearish View?
Nifty is in the consolidation phase consolidating between 15436 and 14520. On Friday(15th March) we can see buying exhaustion and a good volume of supply near the top of the consolidation range. So the rule of trading in a sideways market is BOD and SOR(Buy on Deep or Sell on Rise) so it might...
Hit the sell button as soon as the 521 level gets broken, but if not broken don't go long because all the signals are for sell
What's you're point of view let me now in the comment section
Bearish RSI Divergence spotted on the Daily time frame. The price has been rising for the past one week while showing losing momentum with the falling RSI.
Entry Point has been marked along with Strict Stop Loss and Target based on Support and Resistance analyzed on the Monthly/Weekly/ Daily Chart time frame.
P.S: Enter only if the stock breaks the Trend Line on...
Bearish RSI Divergence spotted on the Daily time frame. The price has been consolidating for the past one week while showing losing momentum with the falling RSI.
Entry Point has been marked along with Strict Stop Loss and Target based on Support and Resistance analyzed on the Monthly/Weekly/Daily Chart time frame.
P.S: Enter only if the stock breaks the Trend...
INDIAVIX seems ready to break its 8 month range. Rise in VIX is historically bearish for the indices and stock market in general. Could this be a breakout in INDIAVIX accompanied by a fall in Nifty?
