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. If You are studying the charts in lower Time frames and observing price action, Let me know in comments your...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
If the present low is sustained .. we can expect the above as the next move. Wait for the Flag pattern to break ... and the targets are given above.
Everything explained on chart Do not trade on one sided bias ... always have everything planed as you could never predict the market
Flag pattern broke out and first target hit by banknifty Headnig towards the second target
Key levels identified by me for next few NIFTY trade setup. a. Long level at 8938.7 marked with green with target level at 9253 marked with red b. Short at red level with a target of 9128 marked with blue c. Long at 9128 marked with blue with target of 9299 marked with blue d. Short at 9299 level marked with blue with target of 8724 marked with yellow Please...
As from 2003 onward, all lifetime highs have been crossed with nifty RSI being in range of 73-80 and such strength is showcased for atleast a week , in order for nifty to cross 12000 RSI needs to go above 75 while it is still 65 and looks weak, fundamentals are below average, rural consumption slowdown, Auto slowdown, Lending slowdown, NBFC stricer regulation, oil...
i) The highest possible scenario being Gap up around or just above channel then coming down in range ii) if it all it breaks the channel & participants interested in ending Nifty above 9500's we will be closing around 9560's I'm on run now, have few tasks scheduled on priority, so please adjust with short description :)