Niftyfutures
WHY I SET ARROWS IN FIG AT RIGHT PLACE FROM WHERE TREND CHANGES?Hi Traders,
1. On the 26th of Sep 2020, I wrote only one condition in the trade plan section in my nifty blog. That is quoting for your consideration as proof of price 99% changes its intermediate trend from these arrows. "If the price takes out the red zone in both the frames then the trend will change to the upside. On the contrary, If the blue dotted line is taken out then will see more fall." Here you can see price fulfilled the upside condition of taken out by gap up means earlier intermediate trend which was downside now converted to upside. Check my all posts all intermediate trends change from my arrows. This sort of perfection I share in my blogs to retailers. See the confidence in the previous fig, I put a red arrow just below the price traded in the last session. And price never came back to even test this level. How can I know this arrow is the point where the scene can change This is the level of confidence where I know from which psychological point intermediate trend will change. Earlier When I used to provide a daily view on indexes then I used to provide short tern psychological points from where short-term trend used to change,. The market moves in two trends intermediate trend and short-term trend both cases are perfectly pointed out consistently not some time but every time. With this concrete information of direction If you put little know-how to time, your trade can earn consistently. Many followers are earning and covering their losses, they write time to time for boosting the morale of others.
2. I do not put so much support and resistance to confuse traders because that shows my level of confidence. The more you use to support and resistance means you are less confident of these. In my analysis, you will find two to three support and resistance. The chart will be visible neat and clean and the price movement will respect my levels that have been proving in every post for the last six months. This sort of perfection can only be created by hard work so burn night oil. Setting the previous fig to compare with the current fig. so that you yourself could see the confidence of moves shared. Hoe they are manifested in reality.
Trade Plan for Next week.
1. See I made a pink zone where a hanging man is seen which is not activated yet, I hope soon it will activate by giving closing below the low of this candle. If that happens then the brown dotted line is expected to follow as the trendline. Means price would follow it, can beak but would come bach in the next candle till support of the red dotted line. In case the red dotted line will be taken out in both time frames 15m/1h then the intermediate trend will change to the downside.
2, On the contrary, if the hanging man is not activated then the pink zone will be taken out in both time frames only then initiate longs. This is how the direction will be decided. I hope you may see the gap down open in the next trading session. Stick to my wordings that will create discipline in your trading and would be benefitted.
3. New readers taken out condition is as follows;_
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
CONSISTENTLY PROVING WHAT I MANIFEST YOU SEE LATER ON !!Hi Traders,
1. On 12th of Sep 2020, I wrote in my blog of nifty about this fall those who follow my words would be in great profit whether they would write or not but I prove in my statements quoting point no.1 of the trade plan section as proof of my wordings " I made one white support If a total no of two candles gives close to below this level I will surrender my long. I will not wait until the red support zone to be taken out" . See I circled in green the Doji candle took support on that white line and gave rally to upper pink & yellow zone. The point to be noted why I gave a white line as to make & breakpoint. Whereas the pink zone was already present there and you can see the first time took to support and gave rally. on the other hand, when broke this support free fall seen. Nobody can create this sort of perfection in any platform available in the stock market. Everybody will provide only a pink zone not the white line just below it. This proves the depth of knowledge you get in my analysis consistently without fail. The main thing is I manifest moves many days ago before they appear in reality. People are not able to manifest correctly daily but I provide you many days ago with confident marking. check my 215 + post when I put green and red arrows price never ditch my analysis rather obey my sketch. The words I use in my blog are full of confidence because I prove the move of the market way beyond one expectation.
2. I did not stop here even in point no.1 of the same section Is quoting as proof " See I made a red zone till this zone is not taken out on both time frames of 1 hour and 15 min my biased is for the long side. But when it is taken out I will like to trade in a downside with the target of white support. The red arrow is showing that support." In the above-highlighted condition, I told where I will surrender my longs and in this statement, I mentioned the target of the white support line. You would have read many blogs in your life, can show a single one where the move is manifested 15 days back and marked in simple lines and price following the outline consistently. I provide you with an authentic way. Many people are earning from my analysis some of then write with courtesy but some only interested in taking not giving back to society by raising the morale of newbies. Setting the previous fig to compare with the current one.
3. See taken out condition works 100% in trending moves but when it is sideways then the success ratio is 60/40. I marked a blue square where It got satisfied but triggered the sl of the breached candle. You can see after that price was sideways. But in green square price was trending so did not trigger sl and gave a good fall. So when you trade with a taken out condition always put sl it is an art that you have to learn with your own experience there I can not help.
Trading Plan for next week.
1. If the price takes out the red zone in both the frames then the trend will change to the upside. On the contrary, If the blue dotted line is taken out then will see more fall.
Yogesh Vats
Disclaimer:- This is an educational blog. Do not guarantee any move for trading.
AN ART IS ALWAYS RESPECTED BY MARKET TOO SEE YOURSELF!!Hi Traders,
1. On the 5th of Sep 2020, I wrote in blog of nifty in point no. 1 of the trading plan section is quoting as proof of perfection seen in the movement of price manifested a week ago. "I made a temporary green dotted line as support, the price can use this to move the upward direction till the green solid line. " One of my followers asked this green dotted line fulfilled the condition of taken out still price did not move to the white line. So Dear followers many of you do not read my words deeply. you just read casually like a storyteller who is describing some story, not analysis. Did you find anywhere I talked about taken out condition in point no.1 for the green dotted line? Rather I used the word " temporary" means taken out condition does not apply here. you are still acting as the condition. If you see carefully price went down and made microzone and boom. In fact, this was a trapping move marked in the pink square that only experienced one can see. In my 210 + analysis, I used temporary resistance support rarely just because of false moves. Here I try my level best to provide only those that could not give this sort of false signals. Sive I was confident of working this so gave without condition. So mark my word and act accordingly in the stock market. Many times I have written that my selection of support, resistance, and zones are based on my hundred of hours working on charts which can not be seen like matching with previous moves. You may find matching with previous moves but the origin is based on experience.
2. Now I marked the green circle two times showing the perfection of pink zone selection rather than the red dotted line as resistance which worked accurately. That is the example of setting zones, support resistance when and what will work among many. In the last fig, I made a green solid line but this time it is missing, and the yellow line is made. I know among many support that will work that all calculated with perfect readings. When the gap will work when not. So make charts your friend and spend time with them. In starting trollers used to comment negative but a consistent manifestation of levels with moves advance one week put hold on their ego. Rather they started to learn from my analysis. But to prove consistently in the market is not an easy task. This happened because I made charts, my friends. setting the previous week chart to compare with the current one.
Trading Plan For Next Week.
1. See I made a red zone till this zone is not taken out on both time frames of 1 hour and 15 min my biased is for the long side. But when it is taken out I will like to trade in downside with the target od white support. The red arrow is showing that support.
2. I made one white support If a total no of two candles gives close to below this level I will surrender my long. I will not wait until the red support zone to be taken out. On the contrary, if this zone is not taken out then will re-enter in long side trade.
3. yellow and pink dotted line zone is the immediate target to book profit. If it is taken out in both time frames then the yellow dotted line will be the next target. Green arrow showing this route.
4. For new readers to understand taken out conditions attaching my post read it carefully to understand m analysis. In three conditions I sum up the whole week move but still traders not able to earn regularly because of timing the market. Practice it deeply. One should be clear about entry-exit while trading.
Yogesh Vats
Disclaimer:- All information is for educational purposes only. Before trading consult with your financial planner.
WHY PRICE EXACTLY FOLLOWS SKETCH MADE EVERY WEEK SEE IN NIFTY !!Hi Traders,
On 29th Aug 2010, I wrote in the weekly blog of nifty in point no.1 of the trading section is quoting as a crystal clear proof of what you saw in terms of price movement in nifty this week has already manifested in form of support , resistance, and conditions this index behaved exactly same. " Price made micro-zone of yellow dotted line with a red line, It will be tough for the next session to take it out in both time frames for quite some time. Only next session opening if gap up sustains then you will see taken out the condition will fulfill. Otherwise, the price is expected to come to the yellow solid and pink dotted zone." . You can see price opened gap up exactly touched my upper target of the pink color line and could not be sustained and took first support of the fall at the yellow pink zone. On this day with a crystal clear explanation, one of my followers wrote how much money he made is quoting for your consideration. "ckirtane
Aug 31
sold 11600ce &11500ce today &earned 22000. thanks very much again for giving exact level to short."
2. Now come to point no.2 of the same section how clearly and confidently I declared what is going to happen is quoting as proof there is a clear instruction for positional long to cover in this statement. " If price takes out the yellow dotted line in both time frames then a pink solid line will be the target. That should be the final target of this uptrend where all positional long should be covered."
you can see I talked about the final target of this uptrend And the same seen. Can on this platform or anybody across the on-air personalities manifest such crystal clear moves consistently in all blogs which I post in any index or stock. Think over it
3. Those who follow word to word of my blog and react accordingly, they all earn. I did not stop there even cleary wrote on point no.3 of this section about the trend same seen . " on the contrary if the yellow solid and pink dotted line is taken out downside in both time frames of 15 min and 1-hour then the uptrend will change to the downside. Then all positional long should be covered." You can see how a precisely eery move of whole week was written in advance. You can see I marked in green color circle price took resistance with the formation of various candlestick patterns. One thing see carefully I made red arrow move to yellow Ema, not to the red dotted line. This time I was clear about the support of this fall to Ema not red dotted line except one candle all closed above this Ema. A pink color zone is showing the support provided by the yellow Ema.
And next proof of this red arrow to yellow Ema is marked in a red circle where after gap down opening It provided resistance. and price breached the red dotted line. The moral of this explanation is that once the Red dotted line acted as resistance should be acted as support but I did not select this line as compared to the yellow Ema. Feel the depth of analysis in this explanation. People compare my support and resistance with previous support and resistance but they all of the next level. You may find they are coinciding with any of the support and resistance but actually HAS DEPTH. Setting the previous fig to compare with the current price move.
Trade Plan For Next Week.
1. I made a temporary green dotted line as support, the price can use this to move the upward direction till the green solid line. If it takes this route to go up then chances of the taken-out condition above the green solid line will be more to the yellow dotted line.
2. On the contrary, If price does not use the green dotted line as support then the white line is the target of this downtrend move where a bounce can be expected to pink zone On taking out in both time frame of 15 and 1-hour the price will further move to the yellow pink zone. In this route, the green solid line will be less effective.
3. In any case, the yellow dotted line is taken out both tie frame then the price can go to the pink slid a line or slightly move further from this line.
For new readers to understand taken out condition, please see any back post of last week. Even attaching link for that.
Yogesh Vats
Disclaimer:- This is an educational blog any trade on behalf of this analysis is not recommended. please consult your financial advisor for trade.
TWO WEEKS AGO GIVEN TARGETS WITH DIRECTION ALL ACHIEVED SEE HOW Hi Traders,
1. On the 3rd of August 2020, I mentioned in my post of nifty wherein point no. 1 of the trade plan is quoting for your consideration. " I made a blue dotted line, if price opens gap down and takes the support of this line and gives close above the sky blue trendline then one should cover positional shorts. On the contrary, if the price opens gap up and sustains above sky blue line by giving close above it then no more shorting for time being." Here you can see I gave the condition of the gap down which did not happen next day trading session and price moving up. From that day this low was not even tested once and the price remained almost 18 days up. I clearly mentioned on the contrary condition that NO MORE SHORTING and see price did not fall from that blue trendline condition. When I write my conditions all are written with confidence after the activation, with very less chances to fail. More than 205+ post on record. Earlier I used to post every day but now I manifest complete moves in such a way that worked more than two weeks. See how?
2. In the current fig, I marked a green circle showing you resistance taken on the same level where I made resistance. similarly, a white color circle showing you the support of my choice of Ema that you will not get in any book. If you see maximum support on white color Ema and only one support on yellow ema. Both Emas along with support resistance worked so precisely that if anybody followed them properly would have been earners these days. I gave you one white support to see how precisely price took support breaching yellow Ema marked in the red circle. Nobody uses this combination of Ema except me and works well. In the setting chart below of the last post, you can compare all levels with current fig and see yourself how more than two weeks' price behaved around my levels so well.
Trade Plan for next session
1. My final target of the previous post was an upper white line where price made a zone with today trading. So that will be achieved in the coming sessions. See the red dotted line where the price is closed today. This line was earlier resistance now it will act as support so if the price in the next session does not take out in both time frames of 15 min and 1 hour then the white solid line and the white dotted line are the first targets.
2. On the contrary, If price takes out a red dotted line downside in both time frames then support white lines target. If price takes out this support line further down then uptrend will change into a downtrend for the coming days.
3. The yellow solid line will act as resistance if taken out in both time frames then the yellow dotted line will be the target. If the yellow solid line is not taken out then up trend can change to downtrend no more positional longs.
4. For new readers taken out condition is as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty Analysis for expiry day 14/08/2020We have heavy call addition at 11350 and small put addition at 11300 which sum up to heavy call at 11350 which will act as resistance for tomorrow and 11300 will be make or break level.
Important level for tomorrow will be
11355
11300
11237
11100
Personally my view will be little bearish for tomorrow and will :
Intraday : sell nifty future near 11350 level with small SL 11365
Positional : sell nifty future if its breaches 11237 with SL 11300
take target as per you R:R ratio. for me R:R is 1:2
GIVEN TARGET ON 25TH JULY ACHIEVED IN NIFTY TODAY WHAT NEXT ?Hi Traders,
1, On 25th July 2020, I gave the target of the green dotted line is achieved today with such perfection that selling came exactly from that line is quoting as proof of my statement in point no.1 of a trading plan. " the pink dotted line is now next taken outline if it is taken out in both time frames then the green dotted line is next target. Aggressive traders can take a position on the long side when one condition of 15 min is fulfilled but with the stop-loss of 1 hour breached candle. Always put like this for aggressive traders. I prefer to let the position satisfied both times then go on that side." Here you can see what you see today was manifested four days back when the price was in the range. See I circled in red a Doji candle showing you exactly the level achieved and then gave you selling. There are so many supports and resistances in the chart but I give you only that where the price is eager to react tremendously since my first post on this platform. This is a question of thinking?
2. See the perfection of all lines whether pink, white, and green all work so nicely that I am controlling them. The feel is that I made these lines much before the move setting a previous chart for authentication of this sort of price action. I believe in consistency of strike rate, not some times hit, sometimes miss. Proving in every blog. Just to get you all motivated that you also can do this by putting hard work to learn this skill. green circles are showing perfect support and are showing resistance.
3. See the condition was fulfilled in both time frames, as nifty has more strength than BNF, therefore price remains in a trending mode. The result after the condition achieved price hit the target. But in case Bnf condition achieved price do not hit the target immediately as it is in range-bound mode. One should know to trade in both modes. Have been shared in many posts.
4. Let me take an educational query from the comment box this will also enhance you knowledge to understand candle stick many of you are going through the recommended books.
Sir sorry again bothering you during trading hours. Below query is for educational purpose as shared in TG channel as well:
" Dragonfly doji in an uptrend. if high of breached candle breached this candle but close it below its high is a valid pattern and price should move down"
Is this statement valid in Nifty intraday today as this candle we see as hourly not daily.
yvatsji
3 hours ago
@wadhwaamit4, if a dragonfly is closed above-breached candle high then it's valid as taken out condition, prior next candle should not close dragon fly low.
Trade Plan for the next session.
1. I made a pink solid line If price opens gap up and sustain there for 15 min to 30 mins and then come down and breach it by giving closing below it then price can show you more fall. On the contrary, If the price opens gap down and then breaches it upside by giving closing above this line then price can go range-bound for sometimes.
2. If the green dotted line is taken out in both time frames then white upper line is the target.
3. If price takes out the lower pink dotted line in 15 min then uptrend will convert into a downtrend. Rember nifty is more strong than BNF. For new readers writing about taken out condition as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. The rest price will decide.
Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
ON JULY 21 CAUTIONED ABOUT RANGE BOUND SAME SEEN WHY?Hi Traders,
1. On the 21st of July 2020, in point no. 2 of the trading plan I clearly wrote the possibility of range-bound trade is quoting as proof of my statement ". If price open gaps up and does not sustain in 15 min come back to the pink line then it means the price is going to range-bound in the coming hours between the pink and red dotted line. " Here you can see price opened gap up and did not sustain come back under pink line and later on in three days remained range-bound yellow line showing this move. Can you imagine nifty remains in this phase three days already manifested four days back? If a trader is having this much information then trade can be easy just by seeing small - small clues price provides.
2. The first clue on July 22, price opened up and could not sustain by making a Range candle many of you are not aware of this concept, this time price gave me the opportunity to discuss with you. To see the effect of this information. I quote one statement of the previous post in point no.1 of trade plan " I made a pink line to move to the green dotted line it has to be taken out in 15 min time frame only. Because the white line is already taken out in a 1-hour time frame. Now the days market is moving with a little different style. That is after taken out condition it goes into range-bound trading." Here this statement clearly shows if the market takes out in 15 min the whole day price did not take out the pink line on July 22, in this time frame. Plus I was talking about a different style of market. i.e after taken out came into range-bound trade by triggering sl. Range bound candle was a clear indication that the pink line is not good for taken out condition. The new resistance is the high of range-bound candle would be used as taken out condition. Had I updated my post the next day, You would have got that information. As you know with my engagements do not find the time .
3. I circled an uptrend in green then market made range candle not taking out the low of this candle even took the support of white line shows price is going into range til high of this candle is taken out. Same seen in price action later on for three days. I saw some comment traders considering still the pink line for taking out. That is because I last four months this type of case was not seen in price action so how could I discussed earlier. Today I showed this classic example in detail. so that this sort comes in future you all candle it.
4. Now discuss the stop loss for the taken-out condition assuming for while that pink line is actual line fit for this. See candle no. 1 breached the pink line then my sl would not be the low of that candle. It would be the candle showing some buying pressure that is the previous candle. And you see price haunted the low of this candle and resumed its an uptrend. So always remember stop loss will not be exact low of that candle you need to provide some buffer of some points. This stop loss should be used by positional traders. Intraday traders once put the stop loss of previous candle low then trail it. I know after discussing in such detail there will be few traders who will not put his efforts to understand it rather will ask some low intelligence questions. Because of putting their own efforts. Setting the previous fig for your better comparison of my statements with the current one.
Trading Plan for the next day.
1. Since I shared how the taken-out condition changes with range candle so the pink dotted line is now next taken outline if it is taken out in both time frames then green dotted line is next target. Aggressive traders can take a position on the long side when one condition of 15 min is fulfilled but with the stop-loss of 1 hour breached candle. Always put like this for aggressive traders. I prefer let the position satisfied both times then go on that side.
2. On the contrary, if white line is taken out on both time frames then red dotted line will be the target. If you get brown color Ema above the red dotted line then it will be the target.
3. If green dotted line is taken out in both time frames then white upper line will be the next target. For new readers, I write taken out condition which is as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
PINK TARGET ACHIEVED IN NIFTY WHAT NEXT SEE IN ANALYSIS?Hi Traders,
1. On 14th of JULY 2020, I mentioned in point no.1 of trading plan section is quoting as proof of my statement consider the conviction of this point ."One yellow line is made if this is taken out in 15 mins then the price will move to the white-green zone. Otherwise down move will continue to blue dotted line downside." Here you can see generally I mention two condition for taken out concept but this time I wrote only one condition of 15 min. And priced reached white green zone on July 15 . See the level of perfection could not take out price beyond that zone almost 2 hous after reaching that level. On same level in last hour you saw big bearish candle. Why in every chart the levels I provide you react so accurately react, is matter of your thinking.
2. Next day July 16 , Since starting of session till end this shared zone three days back was not taken out . On July 17 price opened gap open and took rally from same zone. This is the level of manifestation of moves three days back. On 3rd hour of this day price taken out this zone and gave you rally to pink zone. For your consideration setting July 14 fig where pink line was alredy marked and you can see that level was acheived on third dayof trading. All levels shared and complete trade was manifested in well advance of these moves. Experienced analyst can not predict consistently all moves of market but here you get regular performance of this level. That is why I say BASIC KNOWLEDGE + MY ANALYSIS = PROFIT
3. There are good educational replies in every post comment box genuine seekers should see all of them. Setting last fig . to better understand compare with current fig. below.
Trading Plan Of Next Session.
1. The pink line condition of 1 hour is not satisfied by price so I will wait to see this condition activated only then I will go long with target of the blue dotted zone.
2. In any case If price open gap up near blue dotted line then see price action price, can come back to pink line. So I will not try to trade near blue dotted line till I get clarity.
3. If the market once completed taken out condition at pink line and reached to the blue dotted line and comes back to pink line and takes it out on 15 min time frame then I will leave my longs. The red arrow shows that condition. Green arrow shows the condition of taking out for pink line and target.
4. In any case, price takes out blue dotted line in both time frames then white line is my target. For new readers I write taken out condition so that they can understand what is meant by it as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
The rest market will decide. But like to maintain my strike rate every time with great great confidence.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NIFTY CONSOLIDATION WILL BREAK WHICH SIDE UP OR DOWN ?Hi Traders,
1. On the 8th of July 2020, I stated in that post is quoting for your consideration in point no.4 of the trading plan " See I made a white circle showing a morning star pattern that took the price to the upside is breached today. Means nor taken out condition was fulfilled in two days trading nor a morning star is valid. So hight probability prices will move down to the red and green zone." . Here the two given conditions are not fulfilled at any side price moved sideways two days. But quoting purpose is tow show how I switch my sentiments with price behavior in statement I said that it would be highly possible to move price in the red and green zone. Since price remained range-bound not fulfilling any condition but now that probability is changed. That I will discuss in the trading plan column.
Trade plan for the next session.
1. In the previous post, the price was expected to come down to the red-green zone the red line is replaced with a blue dotted line. To better understand I set the previous fig below. Now it is less probability to move the price to the green line. If the price takes out a white red zone in a 15 and 1-hour time frame then it can move to a lower blue dotted line. If this condition is not satisfied then the price will resume its uptrend.
2. Now uptrend will have to take out the pink line in both time frames. Then the next target will be the upper dotted line.
3. chances to see whipsaw move at the white dotted and red zone. That will be a clear signal for longs. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty50 View Nifty50 is weak and falling facing resistance at a higher level. However, if it holds 10630 levels, then you may witness 10800 followed by 10900.
So, my personal view is to go long if Nifty50 holds 10630 with an SL at around 10550 levels.
Risk- Reward is also good.
Happy Trading!
Akme Analytics
NIFTY WAS WEAK THAN BNF FOR LAST TWO DAYS READY FOR DOWN NOW !!Hi Traders,
1. On the 5th of July 2020, I posted my analysis on nifty wherein point no. 1 of the trading plan I mentioned is quoting for your consideration " If the market opens little up near the blue line upside then see price action whether in the next 30 mins is it coming down or not. If the price is coming down then can be the first sign of changing trend to down and later on range-bound." . You can see the price opened the next day up and fulfilled the condition of upside without moving down. You will not see some line in the current figure as not needed now. To prove my statement setting below that day figure so that you can compare it with current and my statements. In point no.3 of trade plan I mentioned is quoting for your consideration " If price takes out upper blue line in 15 min time frame then aggressive traders can open long with an entry on a small time frame.
The target would be the white upper line. Always remember to see a 1 hr time frame also as you know long can only move up when this time frame condition will also get fulfilled. " . You can see that the mentioned condition was fulfilled and the price moved to the white upper line. This is a dot to dot manifestation which I provide you in every post all record is available in my all post 180+ in my profile ideas. Not in a few posts all post whether in stocks or indexes.
2. Many people who seem to be suffering from schizophrenia and live in their egos could not digest the sort of accuracy and my work to make every struggling trader stand his own in this market without charging a penny from them. Since they are suffering from the above-mentioned ailments live in their own world. As their mind is chemically imbalanced. They are such blind fools who never see I write the move first, one day prior to the actual move with all support, resistance, and zones with accurate conditions. And the next day my first job is to compare my statements with the previous day. Even Highlight my quotes with proof still because of chemical imbalances of their mind write in comment box illogical and abusive words. To them Did I open your buffalos from your house? If not then do not show your standard of writing and thinking to us. I do not call you to read my blogs. But I know the chemical imbalance insists you read every word of my blog because without that you people can not sleep. This the achievement of my work which forces you to track every line of it without following me. You do not have the potential to write your own blogs and show consistent results. That makes you in-comfortable. So please go and get checked yourself at the psyco doctor.
Trading Plan for the next session.
1. Today I will provide some light on the concept of taken out conditions with examples because I still feel many traders do not understand it properly. This is the base of my analysis If you want to understand my work and want to earn daily then understand it properly. This is the first time in the last three months where the market had different structures in nifty today. And gave me the opportunity today to discuss with you. See in the current figure above as I told you my target is a white color line in the upside. Price reached there and in two days of trading could not fulfill taken out condition in a 1-hour chart. But in the 15 min chart, it fulfilled. As you all know taken out condition is activated when both time frames validate it. See in fig I marked 1 on the bullish candle which breached the white line but that day price could not give any close above candle 1 high. So that day not activated. For aggressive traders, I showed stop loss to go long in the green line. This is the low of the previous candle. There is no hard and fast rule to put stop loss at previous candle it could be the same breached candle depending upon the size of the candle. If the breached candle is big then stop loss will be the same candle if it is the small than then previous candle.
2. In 2 marked candle price also breached white line the next day but after that one bearish candle made high but closed below the high of breached candle 2. In this way taken out condition was also not fulfilled the second day. But here the ref candle was changed in next attempt the price has to take this bearish candle high to fulfill breached candle. This happens in the case when prices make a range around the given level. In the case of a trending market as you have been witnessing for the last three months only breached candle high is sufficient. 2 nd candle long stop loss for aggressive traders are shown in green. For 3 rd candle stop loss is also shown in green. This is how taken out condition works when price become range-bound near any given level.
3. For new readers mentioning taken out the condition for your reference. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
4. See I made a white circle showing a morning star pattern that took the price to the upside is breached today. Means nor taken out condition was fulfilled in two days trading nor a morning star is valid. So hight probability prices will move down to the red and green zone.
5. In any case, the upper pink line is taken out upside in a 1-hour time frame then the trend will change to upside. Right now it is deep retracement till red and green zone is not taken out. Red arrow showing downtrend and green showing uptrend from these areas. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
IS NIFTY EXHAUSTED AND READY FOR CORRECTION SEE YOURSELF !!Hi Traders,
1. On 1st July 2020, I mentioned in point no.1 of the trading plan is quoting for your consideration. " when triangle candle high is taken out by any candle in the next session on a closing basis then taken out the condition will qualify. the stop loss will be low of red color triangle candle on a closing basis." You can see that high is taken out and price rallied to blue zone upper band. That target I mentioned in point no.3 is quoting for your consideration. "Upside red dotted line is a target if takes out in 15 min time frame then the blue line is the target." .You can see this target was mentioned two days back and it achieved on 3rd July 2020. This is how I manifest my trades. Proving in every post. I am setting below the previous post fig to understand manifested move easily with current.
2. All targets, all moves, all conditions are manifested so precisely that if anybody follow strictly with small use of logic, ca earn on a daily basis. Many traders write their good and bad trades in the comment box of all posts. Some of them help giving instant advice and hide many new traders to learn this language of stocks. I am highly grateful to them for being part of this Nobel cause.
Trade plan for the next session.
1. In fig, I change some lines, time to time you all should also set the same in your charts. If the market opens little up near the blue line upside then see price action whether in the next 30 mins is it coming down or not. If the price is coming down then can be the first sign of changing trend to down and later on range-bound.
2. The red dotted line is breached and the price does not recover in 15 mins the position along should be covered. Any small pullback from white Ema used is to short bnf getting entry on a small time frame of 5 min.
3. If price takes out upper blue line in 15 min time frame then aggressive traders can open long with an entry on a small time frame.
The target would be the white upper line. Always remember to see 1 hr time frame also as you know long can only move up when this time frame condition will also get fulfilled.
4. The pink and green zone will as a support zone. Nifty might be range-bound If the upper condition is not satisfied. The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty 10480-10680 cab be the range for near term.Nifty - 10630-680 zone looks important to cross for further upside.
I feel market will consolidate within the range of 10480-10680, before making a decisive move in either direction. Looking the chart will give you an idea of how these levels are reached at.
Holding 10562 is important for short term uptrend, it is PDL as well as low of hanging man pattern that nifty has made on daily charts on Friday (July 3).
RSI divergence can be seen easily, on daily charts. I advise extra caution as long as it is not nullified or materialise.
Below 10480, 10444, 10372, 10304 and 10260 can be seen.
TRADE WITH CAUTION, preferably utilising some low risk strategy i.e. combination of futures and options.
It is important to carry due diligence and consult some expert consultant before taking a position in financial markets.
NIFTY IS RANGE BOUND WHICH SIDE ARE CHANCES TO BREAK OUT SEE ?Hi traders,
1. Let's compare my previous statements on 25th June 2020, with today's real move. I mentioned in point no. 1 of trade plan is quoting for your consideration "If price takes out red support line with white trend line in 30 min time frame then short can be initiated with the target of green-blue lower end of this zone. Tomorrow can be trending down day if next condition in point no. 2 gets failed .'" You can see white trendline was taken out but red support was not. This how is how conditions are manifested with the formations os structures keeping in mind with choosing perfect support and resistance. Sice price could not take out red support. so obviously it has to move up. Same happened. To make you better understand the statement with real move I set the previous post fig. You should compare both figs with the highlighted statement.
2. Trading is simple and full of logic else you know the unique language. People make it complex by adding indicators and many more automatic setups still can not earn consistently. Because they themselves do not believe in hard work and not ready to burn night oil. But they want money from market. How ridiculous approach for the market. I try my level best to make trading easy for new traders and struggling traders who can not earn profit consistently. If you follow my charts with conditions and read the books I recommended with lots of hrs practice, You can stand in this market your own. Previous losses can be recovered. Just put your sincere efforts. I suggest every trader to share good and bad trades. Why so that I can correct their flaws in trading and others can learn reading questions and replies to correct their trading style. Hard work is yours and the results will be yours.
Trading Plan for Next Session.
1. I made three green circles to show you the red color support reacting so perfectly that it helps to understand the price movements correctly.
trading in upside will be easy. For this side, the condition is of the upper green line. If taken out in 15 min time frame then the price will move to the red dotted line . in case this line is taken out in 15 min then blue upper line is the target. Green arrow showing this condition from the green upper line.
2. Those who are new and not aware of taken out condition please follow below para:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
3. Downside condition will implement when price takes out blue support line on 15 min chart and then 1 hr. Then downtrend will resume. Red arrow showing from where the condition has to be applied. The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty - RSI divergence seen - Look for 10095 - 9980 There is something worthy of noticing w.r.t. the rising channel Nifty is moving in and RSI divergence, this time.
1. While the Nifty has made a higher top, RSI has failed to do so. This RSI divergence is seen after a long time, as RSI is considered as a leading indicator, this can't be ignored.
2. Nifty has not touched to resistance line of this channel this time too and the gap between recent top and resistance line is visibly higher than the last time it made an high (8th June).
Important levels can be seen on chart, 9840 is important to hold for a medium term prospective. Keep an eye on this rising channel, sustaining above the support line is of significant importance. It is still a bear market rally, (if and) once this support is gone, we may see a steep fall.
Today is a derivative settlement day, markets tend to move in bigger ranges on such days, in my opinion it will be better to square off or hedge long position today and initiate short side trades on rallies.
I always discourage trading using naked future or option positions, risk defined or low risk strategies are much better alternatives available to all traders. You can write to me over private chat on tradingview or other popular social media mediums using for such strategies.
Please remember to carry due diligence and consult your financial advisor / consultant before taking any position in the markets, utilising leveraged products.