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DOW COMING TO INTRENSIC VALUEIf we see Dow on monthly basis then we see 1. Parallel channel from 2016 moving in upward direction. 2 Wave A,B,C,D & E completed. 3 Wave 1 2 3 4 completed and now wave 5 is in progress 4 Index is moving downwards along with lower high trend line which is crossing short term support line from 2017 onward at wave 5. On Dec 18 and Oct 22 Dow had reversed its downtrend, had not yet came below it. Since this line is crossing lower high down trend line at wave 5, it had become strong support line. Here Dow value is within long term channel and so it is within intrinsic value. We have discussed why channel is known as intrinsic value channel earlier. And from todays candlestick formation which is not able to cross lower high down trend line, seems to break support line @32600 and trying to touch 31600 support where it complete wave 5 Here Triangle B also gets completed. So completion of triangle pattern and wave 5 @31600 makes this level very important. Conclusion Dow is slowly coming to its real value. Right now it is trading with extended value.
TVC:DJI
by Trendz9
Dow Above it's Intrensic Value.On 15th June Dow had given big green candle stick, and in a single day it touched long term resistance line (yellow line on top). Second yellow line is upper end of uptrend channel which started from 2017, and Dow is trading above it. (Marked with red Circle ) Previously too Down had traded above uptrend channel and after few days again came in line with channel. This uptrend channel is consider as intrensic value . If we compare it with inflation index then we see that inflation index too keep rising in uptrend only. I have never seen inflation index graph running down. Hence Dow value also keep rising along with inflation index and uptrend channel is formed. Any trading above this channel is consider as above intrinsic value and any stock or index has to come to it's value. This is importance of channel drawing long term channel . Right now Dow is above channel and is consider as above intrinsic value. Last analysis it was said that above uptrend channel index is not tradable, and we see in very next day Dow started loosing it's sheen. Trade if to initiate is on short side. Also said if shorts are open, to cover if Dow trade above channel or keep hedge. That seems to be working. Righ now shorts can be initiated as Dow is trading above intrinsic value. It's not easy job, only who are well versed with Future and option can trade shorts with hedging if necessary on their own risk. Rest can sit on sideline till oppertunity arise. This analysis is made on economic basis and for knowledge purpose and not for trading.
TVC:DJI
by Trendz9
Nifty Futures 22nd June 2023 EXPIRYIt would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above. Keep Following for LIVE UPDATES
NSE:NIFTY1!
by SABMR
Bank Nifty Futures 22nd June 2023 ExpiryIt would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above. Keep Following for LIVE UPDATES
NSE:BANKNIFTY1!
by SABMR
NIFTY : RoC CONTINUED ITS DIVERGENCE. Nifty today broke yellow uptrend line in morning and was well below it l. During last hrs ifty recovered and regain uptrend line. But ROC continue its divrgence and move further down near zero. On 18 considerig RoC divergence precautionary approach was taken and on 19 th nifty after making double top at 1880 it gave up all gains and short were considered at 18800. Today nifty had made low of 18660, recovered all loss and closed at 18816 where shorts were onsidered. How to Manage trade in this volatile Market. Since double top is at 18880, risk reward ratio is 1: 11 ( for next expiry.). Short is considered at 18800. So loss is 5000 , going by chart if RoC continues its divergence then first target is at 20 D ema at 18650 ( today nifty almost did its target). Next support is at 18440, as ifty had managed to resume its uptrend from this level on 1st June . At this level shorts can covered or trailing SL of 18550 should be maintained since this was area where nifty was indecisive. And last if 18400 is broken then nifty can come to 18000. Here total 800 points profit is earned. I.e 40000 Rs. To trade this way needs lots of patience and continuous monitoring and capital. Here nifty levels are given as investors can book profit encash their holdings and re enter at lower levels. Divergence and other indication are looked for judging trend reversals. As soon as trend reversal is noticed precautions are taken (like suggested on 18th June) and start booking g profit.
NSE:NIFTY
by Trendz9
1
NIFTY : CLEAR DIVERGENCE OF ROC Nifty is in uptrend from March 23 (yellow trend line). ROC had made top of 5 and continously declining . (Yellow line slope on ROC. ROC is change in price b/w current price and price for certain no of periods ago.) This means current price is declining continously wrt to price certain no of periods ago, but nifty is moving continously in upward direction. This means ROC is moving in opposit direction to nifty from March 23 as shown with yellow lines drawn on nifty and ROC. This is known as divergence. Since this divergence is continued from last three months and now nifty near 52 week high, it is time for precaution. Also we can see that ROC is trying to move above the divergence line(yellow). If ROC cut the divergence line and move higher, it can be taken as upmove is continued, If ROC keep its divergence continued and move below 0 line, Its is to be taken as trend is reversing and confirmation will come only of yellow trend line is broken on down side. Mac D is not showing any movement and is flat from last month Conclusion. Precautions to be taken while entering long. Strict stop loss to be maintain Concure FOMO, and wait for clear entry levels.
NSE:NIFTY
by Trendz9
Bank Nifty Futures 15th June 2023 levelsIt would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above. Keep Following for LIVE UPDATES
NSE:BANKNIFTY1!
by SABMR
DOW REVERSING FROM RESISTANCE30th January,6th, and 13 Feb week were indecisive weeks at 34387. Today Dow had reversed from the same indecisive level which means Dow is not able to take out that resistance. Dow is looking like a shooting star bearish reversal. If Dow ends up with this candlestick pattern then With Sl of 50% of today's high and low, a short opportunity arise. Having said that extended candle above the up-trend channel is not tradable, today's 300 points fall is the answer.
TVC:DJIShort
by Trendz9
1
Nifty Futures 14th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be. The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement. Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting. 14 hours ago Comment: If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
NSE:NIFTY1!
by SABMR
Nifty Futures Levels 14th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be. The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement. Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting. 14 hours ago Comment: If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
NSE:BANKNIFTY1!
by SABMR
Bank Nifty Future Levels 13th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be. The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement. Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
NSE:BANKNIFTY1!
by SABMR
Nifty Futures Levels 13th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be. The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement. Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
NSE:NIFTY1!
by SABMR
NIFTY 15 MIN CHART ANALYSISNifty on 29th May was trading in range 18650 to 18550. From last 2 days nifty again had made side ways from 18650to 18550 levels. Nifty support was 18580 before 8th June which was broken. But nifty recovered and went back to 18650. Point here is nifty is less volatile, which can increase in day or two. Nifty range is fixed at 18550 and 18650. Any move above and below range will be buying and selling opportunity. Today option strategy may be closed in profit. Analysis is for education purpose. Any trade to be taken will be on self responsibility. Option trading needs losts of skill. So trade on your own risk
NSE:NIFTY
by Trendz9