Date 15 Monday Trading Plans
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...
So far, #NIFTY and #BANKNIFTY were trending upwards; however, the overall structure is still trading in a broad bracket.
Will markets stay within this bracket?
I have tried to explain this concept in this video. Kindly let me know your feedback or questions in the comments:)
NSE:BANKNIFTY1! Hey There,
So far, #NIFTY and #BANKNIFTY were trending upwards; however, the ending session's volume accumulation is not good for this move unless the price opens above the accumulated zone and accepts. Till then, sideways to bearish move can be expected.
Is it an indication of Uncertain volatile expiry !?
I have tried to explain this...
AS PER THE FUTURES DATA OF ORDERFLOW THERE ARE NET SHORT POSITIONS ON CLOSING INDICATING SOME BEAR SIGNS.
NIFTY HAS A HURDLE AREA OF 11180 AND 11240 LEVELS ABOVE WHICH (IF BROKEN) CAN TEST 11280-11300 LEVELS.
ON THE DOWNSIDE A SMALL SUPPORT OF 11065-11080 LEVELS AND A STRONG PSYCHOLOGICAL SUPPORT AREA 11000-11020 AREAS IS VERY CRUCIAL FOR THE...
BANK NIFTY ANALYSIS
AS PER THE FUTURES DATA THERE ARE NET SHORT POSITIONS IN THE MARKET AT CLOSING INDICATING SOME BEARISH SIGNS.
THE IMPORTANT LEVELS WERE ALREADY SHARED I.E 21100-20900 LEVELS WHICH IS STILL A VERY IMPORTANT LEVEL, HOWEVER MARKET BROKE THOSE LEVELS TODAY BUT IT GOT PRICE REJECTION AND MARKET BOUNCED SHARPLY UPSIDE AND CLOSED AROUND 21300...
The stock tested the Initial Balance at the downside and reversed from 1050.
The retracement should have greater volumes and momentum and
wide range candles than the bearish candles to gain strength.
Failing this, it will continue its downward journey or simply trade in the range.
We will see what happens throughout the day.
Check for updates and any trade signals
We have seen here two Flag Pattern , One Channel and Triangle on this stock.
While Flag Pattern found in up trend and present formed is a triangle at value low of the channel.
Almost everything is positive on this stock at the value low of the channel. As per triangle target is 837 nearby. After breaking trinagle, I expect here flag pattern again with...