TARADING PLAN FOR NEXT DAY 20-5-20
1. Threre is nothing to compare in my last statements with actual move , as nifty made inside candle so nothing to compare. A yellow line is intact so nifty is ready to go down to blue zone. That I said yesterday and sticking to this point. If dow today closes in bearish down candle then tomorrow this move will continue....
Momentum is seen in daily TF chart.
by RSI & MACD.
It is very good sign as common indicators shown this momentum.
Surely big going to be happened and it is accumulation zone before explosion.
it is multibagger stock now.
fundamentally when private investors step in, it will going to be once in lifetime opportunity to accumulate in this stock.
TRADING PLAN ON MONDAY
1. As in my previous post on nifty i shared how nifty is going trap bears for next week. Now on daily basis how trader will trade. Always remember without stop loss no trading can be done. Before entry one should know where to put sl in trading. As you know SGX nifty is down so get ready for gap down open. Now question arises at what level...
Amrutanjan @ 339 || 29-May-20 || 01-HR
- Is it preparing for an upward level ?
- Let see the price action - BUY once it crosses 347
- Only caution is MACD - so watchout how MACDline functions till the time breakout comes.
#NSE #Nifty #Nifty50 #Sensex #NiftyBank
Nifty has rallied over 450 points in two sessions, consolidating Dow may make Nifty to consolidate too.
Post weekly settlement, discount in June Future series is not very comfortable, yesterday's nifty OI addition was only 4.49%, this also indicate some pull back or consolidation.
Important levels are mentioned on the chart.
Daily RSI closed above 50, EMA on...
Key Levels for NIFTY50 : INTRADAY CHART ANALYSIS
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
TREND ANALYSIS & TRADE SETUP
Head & Shoulder Chart Pattern.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Nifty opened gap down following global trends, slid down to support line of the wedge.
Tuesday is likely to see the levels of 9365 and 9395 as immediate resistance points. The supports may come in at 9266, 9230 & 9105.
May series, open interest slid by 2.8% with the yesterday's slide, option chain data suggests Night might have to struggle beyond 9350-9400 levels.
Good divergence in nifty...
Buy Above 9100 for 70,180,400+++
Sell Below 8975 for 70,180,400+++
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*All views for Educational purpose, Trade at your own risk
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DRREDDY is forming a pole and flag pattern on a daily basis with the price at upper end of the flag .The support as of now lies at 3610 .A close above the breakout range will give at least 15-20% return.Will update if i enter this trade.
COMPARING MY FRIDAY STATEMENTS WITH REAL MOVE O TODAY.
1.In previous post point no.2 every thing mentioned crystal clear, " I expect gap down open with the target of pink support." . Any body can see the price touched exact pink line even did not take any support from line. Every day I show you the precision of my zones, srpport,resistance work so accurately that...