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Niftypattern

Nifty Intraday Levels | 27-SEP-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points: 1️⃣ Zones to Focus on: 👉Green Zone: Represents institutional support. 👉Red Zone: Indicates institutional resistance. 👉Gap Between Zones: Typically ranges from 100-200 points. 👉Zone Creation: Uses pivot points and Fibonacci levels. 👉Price Action: An advanced version for refined entries and exits. 👉Chart Reference: Trades are executed based on the Nifty futures chart. 2️⃣ Trade Execution: 👉Order Flow Data: Trades are triggered by tracking the market's order flow. 👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps. 👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2). 👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options. 👉Position Sizing: Customize based on personal risk tolerance. 3️⃣ House Rules: 👉Sharp Execution: Be ready at 9:15 AM for market open. 👉Risk Management: Always a priority. 👉Quick Trades: Fast execution "morning breakfast". 👉Strict Stop-Loss: Set at 10 points to limit losses. This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market. #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback! #FocusedScalping #RiskManagement #NiftyOptions
NSE:NIFTY1!
by ReviveTraders
Nifty Intraday Levels | 26-SEP-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points: 1️⃣ Zones to Focus on: 👉Green Zone: Represents institutional support. 👉Red Zone: Indicates institutional resistance. 👉Gap Between Zones: Typically ranges from 100-200 points. 👉Zone Creation: Uses pivot points and Fibonacci levels. 👉Price Action: An advanced version for refined entries and exits. 👉Chart Reference: Trades are executed based on the Nifty futures chart. 2️⃣ Trade Execution: 👉Order Flow Data: Trades are triggered by tracking the market's order flow. 👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps. 👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2). 👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options. 👉Position Sizing: Customize based on personal risk tolerance. 3️⃣ House Rules: 👉Sharp Execution: Be ready at 9:15 AM for market open. 👉Risk Management: Always a priority. 👉Quick Trades: Fast execution "morning breakfast". 👉Strict Stop-Loss: Set at 10 points to limit losses. This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market. #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback! #FocusedScalping #RiskManagement #NiftyOptions
NSE:NIFTY1!
by ReviveTraders
Nifty Intraday Levels | 30-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Nifty Intraday Levels | 26-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Banknifty - Morning Star Pattern 10 AugWhat Does Morning Star Mean? A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators. The opposite pattern to a morning star is the evening star, which signals a reversal of an uptrend into a downtrend. Can we expect a bullish move .. please put your thoughts into comment.
NSE:BANKNIFTY
by kiranrshinde
4
Banknifty Forming Symmetrical Triangle What is a Symmetrical Triangle ? A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern. The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low ( shown as Blue Line ) of the earliest part of the pattern applied to the breakout price point. The stop-loss for the symmetrical triangle pattern is often just below the breakout point. Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
NSE:BANKNIFTY
by kiranrshinde
4
How to trade Dragonfly Candlestick ?Hello Everyone, I have tried my best to explain, How to trade Dragonfly Candlestick pattern ? Here, most imp point to consider is the Confirmation Candle ... why? 1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000. 2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking support of Trend Line . 3. At the same time, there was a formation of Dragonfly Candlestick indicating a Bullish move, so we should not immediately enter into trade as soon as formation of Dragonfly or Bullish Candle ...Why ? a. We have an immediate Resistance Level of 35000. b. If we enter as soon after completion of Bullish candle (Dragonfly), then our Stop Loss would be too big ... which is not good. c. Also, the Bullish movement is not confirmed yet, so we should wait for confirmation candle. 4. Here, we see Confirmation candle breaking the immediate Resistance level and closing at the 35000 level. 5. Now, if we take trade after Closing of confirmation candle then Most Imp is Stop becomes very small compared to previous entry and we can see our target is achieved. I hope you all like my teaching. Please do share your thoughts/queries into comment section. Please give a like, it motivates me to do more and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
Banknifty Formed Double Top Pattern on ExpiryWhat Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Or in simple words... A double top is a bearish technical reversal pattern It is confirmed once the asset's (Banknifty's) price falls below a support level equal to the low between the two prior highs... Here ... a support level equal to the low between the two prior highs .. is 35500 level.. as shown in Yellow Circle.
NSE:BANKNIFTY
by kiranrshinde