Analysis on Daily TF and Trade for Positional Trade: Daily TF: Dynamic support and resistance (EMA50 & EMA79): Will Act as Resistance Chart Pattern: Falling Wedge MACD: Bullish Stoch RSI: Nearing Overbought Range CPR: Bearish Bias and Script breaks the CPR below Build Up: Support at 622.50-609 Range ATR: Flat Higher TF (Weekly) Dynamic support and resistance...
On 22nd September, BankNifty had the following: Open - 37277.10 High - 37328.60 Low - 36885.60 Close - 36994.65 So, likewise the market had quite a wide CPR, as a result of which, the market was mostly fluctuating sideways. No proper trends either ways, which resulted in SL hits for both buyers and sellers. For 23rd September: R1 - 37258.63 R2 - 37512.61 Top...
good movementum may obsereved if it open near r1 or s1 and breaks it then only trade till target till next pivot but if rejected near both or open in cpr a sideway market may be observed
nifty may remain sideways if going to trade in nifty trade at its extreme r1 and s1
market may be sideways but still looking for a range trading as best option between yellow line high probability market may be gap up.
market may be sideways to bullish and can get both buying and selling opportunity but if open gap down mostly look for selling side trade
nifty could give really good one side movementum just look were it open target atleast till r2 or s2 based on which side it open trending day in market tomorrow most probably be bullish
market maybe make a movement most probably bullish towards the r1 or r2 just in case break cpr look for selling opportunity
BNKNIFTY can remain bullish only if it open gap up above cpr IF BNK nifty opens gap up then look for first three cases to buy at that level and if bnk nifty open gap down look for selling opportunity
#NIFTY was facing a Divergence in CPR You can see it !!!
You can see the clear Divergence in the CPR on the Weekly chart
BankNifty still did not broke the Channel. Today BNF has broken Weekly and Day CPR. If the BankNifty has broken the channel, then Virgin CPR and Monthly Pivot is there to support BankNifty at 35000 ranges.
Today closing below the Weekly CPR would be acting as a resistance. Any upwards which breaks Weekly CPR and upper trendline will go for a long. If market fails to break Weekly CPR, then go for short.
******************************************************************* NIFTY SPOT- Blue Print for 14 -Jun-2021 ******************************************************************* Market Structure/Trend Analysis/Chart Pattern. l Chart Pattern - Higher High structure l DTF Pivot Trend - Higher High Structure l WTF Pivot Trend - Higher High Structure l MTF Pivot trend...
Killer Combination 1). PIVOT POINTS 2). RSI 3). EMA (20,100,200) 4). STOCHASTIC RSI 5). BOLLINGER BANDS
Killer Combination 1). PIVOT POINTS 2). RSI 3). EMA (20,100,200) 4). STOCHASTIC RSI 5). BOLLINGER BANDS
The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.